KLCI fail to break the 1310 resistance. The Stochastic looks very bad. Technically, bearish wedge chart pattern on the KLCI is likely to trigger more selling interest; this will grease downside toward 1285, the February 26 peak. As for myself, I do not plan to take any position just yet. However, still got some stocks to monitor as in the my TOMYAM SHOPPING LIST. Happy Hunting.
For 13/4/2007 the index ckose at 1,308.2000.
Overall, the bias is: Upwards.
The projected upper bound is: 1,359.43.
The projected lower bound is: 1,262.04.
TOMYAM SHOPING LIST