FBM KLCI expected today
FBM KLCI would likely to trade below 1,265.58 level.
Market Buying Strength : About 30% of total market volume on 17/12/2009 was on buying side compared to 45% in the preceding trading day.
“Movement” in Strong Hands : Strong hands were seen liquidating a portion of stock positions on 17/12/2009.
Pivot Point Studies for Intra-Day : For Monday, 1 resistance @ 1,269.7 & 2 resistance @ 1,272.5 ; 1 support @ 1,264.4 & 2 support @ 1,261.9.
source; Mercuries research