| PpR2 | 1557.93 |
| PpR1 | 1553.37 |
| Pivot Point | 1549.27 |
| PpS1 | 1544.56 |
| Open | 1549.79 |
| High | 1558.49 |
| Low | 1549.43 |
| Close | 1558.01 |
FBMKLCI posted a bullish candle with an open at above pivot point and reached a high just above the Pivot R2.
The Bullish candle managed to covered the gap that was formed on previous Thursday. The bullish pullback met resistance from the 10d MA and uptrend line.
The pullback is also accompanied by lower volume as compared to the previous week. Any effort to move further upward required strong volume to overcome the negative slopping 20d and 50d MAs.
The 10d MA has cross over from above the 50d MA last week indicating weakening market. The pullback could retest the 50d MA for the second time and failure could be costly.
The previous downturn of the index registered a fall of 3.7% that occurred in early April and lasted for one month.
