KLCI & Futures

KLCI - possible double top at resistance of 970. It will be quite tough for CI to break 970, normally for a strong resistance it will take several attempts. Looks like a bearish harami formed on Friday, so possibly sideways or downside move is likely. Other indicators are neutral.


FKLI Futures - also appears weak. Resistance at 970 is strong. Weekly candle is a long legged Doji just above the previous week's candle. Might be a reversal sign at strong resistance, so likely move is down. 14 day MAV is crossing below BB mid-line (20day MAV), so things are starting to look more negative. Other indicators are neutral. Likely move is down.