FKLI and FCPO technical analysis update

The FKLI is slowly gaining momentum and is currently in an uptrend after a shaky start to February.  As long as overseas markets remain robust, the trend will likely continue.  The gap fill to 1860 looks like the target for the uptrend.  

The market remains slow moving due to the volatility early in the year.  Large trend moves are unlikely for now as evidenced by the small ranged days the market had for the last two weeks.

FCPO is a topsy turvy pattern, flipping from bear to bull almost in an instant.  Frequently markets don't flip, from bull to bear or bear to bull in such a short timespan, so FCPO will likely quiet down as well.

The market is still ranged, and the recent move to RM 2,221 shows bears still have a say in prices.  Likely the market will still range between RM 2,340 and RM 2,220 for the next few weeks.