Wednesday, August 17, 2011

Cap by 50% Fibo Retracement

R3

1519.95

R2

1515.25

R1

1506.74

Pivot

1502.04

S1

1493.53

S2

1488.83

S3

1480.32

Open

1502.21

High

1504.63

Low

1,499.59

Close

1,503.07


On Tuesday FBMKLCI was met by 50% FR while today the index formed an IB. With no touch on Tuesday the index is expected to retract toward the 5d MA. If will be comfirmed if the index fall below today's low.

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