20091001 1748 FBM KLCI EOD Daily Chart Study

FBM KLCI ended 6.27 points higher on the first day of the October. It closed slightly above Mid Bollinger Band = Neutral. Bollinger Band width continue to narrow suggest market will be trading sideway range bound. MACD histrogram falling on a slower pace = Neutral. Lower volume traded may due to Hong Kong and China exhange hoiliday. Maintain neutral view, stay sideline to wait for new lead.