FBMKLCI Analysis 26th January 2015

Current Closing (as at 23th January 2015)	1803.08
Projection Closing (as at 30th January 2015)	1840
Recommendation	Buy
Resistance	1st Resistant 1818 (38% Retracement, Intermediate Term Down Trendline )  2nd Support 1832 (50% Retracement) 3rd Support 1840 ( 1 Objective) 4th Support 1847 (62% Retracement) 5th Support 1895 (52-week high) 6th Support 1940 (2 Objectives)
Support	1st Support 1770 (Price Pattern Support) 2nd Support 1722 (38% Retracement) 3rd Support 1707 (50% Retracement) 4th Support  1693 (62% Retracement) 5th Support 1672 (52-week low)

Medium Term Trend	Up Trend ·         Ascending Triangle Breakout o   Breakout develop at ¾ with volume expansion Hitting Intermediate Down Trendline Resistant ·         Resistant of Intermediate down trendline at 1818, same as 38% Retracement ·         Expanding Volume, High chance to break the resistant ·         If the down trend been violated, the price might up till 1840 (1 Objective)
Momentum Analysis	·         MACD o   Overbought Signal o   MACD line rises above the zero line, suggests long-term market sentiment is bullish ·         Stochastic o   Buy Signal §  Stochastic %K Line reaches Extreme (100%) in a rising market ·         Overbought condition has been “neutralized” ·         Next rally is going to take the price higher

Volume Analysis

·         Bullish Signal o   Price on the move back lower stays higher than the previous low o   Volume is diminished on second decline

Disclaimer: This is not buy calls, all the info shared here are for sharing purpose only. Trade at your own risk.