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WEEKLY Technical Report on KLCI

19th to 23rd May, 2014

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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

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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.