Monday, April 16, 2007

KLCI at All Time High!! FUUUYOOOH!!

KLCI ends at all time high in term of close when +1.1% at 1322.91 in average volume of 2.0 billion shares, last time high was on 5 January 1994 (high 1,332, Low 1,314, Close 1,314). Today's market breadth positive with gainers tipping decliners 558 to 354. Firm foreign buying interest in plantation, property and select blue chips continues to keep market buoyant. From the current level, the only resistance level left to be tested by the market is the historic intra day high of 1332.04.

Breakout resistance 1,310. Next Target 1,370.

For 16/4/2007 the index closed at 1,322.9100.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1,374.50.
The projected lower bound is: 1,276.67.

(Click on image to enlarge)


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