Post on 29-Jan-2015
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G l o b a l R e s e a r c h L i m i t e d
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WEEKLY Technical Report on KLCI
19th to 23rd May, 2014
G l o b a l R e s e a r c h L i m i t e d
www.capitalvia.com.sg
KLCI Weekly Technical Report on KLCIWeekly Technical Report on KLCIWeekly Technical Report on KLCIWeekly Technical Report on KLCI
W E E K LY
Figure: 1, Period: Weekly
KLCI Weekly Wrap
Resistance 3Resistance 3
Support 2Support 2
Support 3Support 3
Resistance 1Resistance 1
Resistance 2Resistance 2
1875
1865
1850
1895
1905
1920
Support 1Support 1 1865.76
1883.34
1864.55
1883.34
OpenOpen
High High
LowLow
CloseClose
16.62Change (In Points)Change (In Points)
0.89%% Change% Change
G l o b a l R e s e a r c h L i m i t e d
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Technical Report on KLCITechnical Report on KLCITechnical Report on KLCITechnical Report on KLCIW E E K LY
KLCI formed a Long Green candle for the week and break the resistance which was stopping the price to
take an up-move the price for the week opened at 1865.76 and made a high of 1883.34, closed at same @
1883.34
A Marubozu Pattern was formed for the week a gap up opening was noticed on the daily chart, which
gave a good upside to the KLCI. Hear the Technical Indicator support the market with a good volume. Else
the CCI is @139 and the RSI is above the centre line @67.58 and is touching the overbought zone.
WEEKLY WRAP OF KLCI
Sector Allocation Chart by TurnoverTop % Gainers Stocks (over 5 Trading Days)
Market Forecast for week ahead:
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KLCI
Technical Indicator MACD difference line is above the Signal line so buying is expected in KLCI
For the coming week the KLCI can took some correction due to the gap up opening.