KLCI dive down

Share prices on bursa Malaysia closed lower at market close today as the FBMKLCI bore the brunt of investor pessimism and external headwinds.
At 5pm, the FBM KLCI was down 14.67 points to 1,562.58, with 159 gainers, 646 losers and 268 counters traded unchanged. Turnover was 753.77 million shares valued at RM1.383bil.
In the region, all benchmark indices were lower at market close. Hong Kong's Hang Seng Index lost 70.63 points to 21,804.75, Shanghai's Composite Index 3.48 points to 2,816.69, Seoul's Kospi Index 14.72 points to 2,130.48, and Singapore's Straits Times Index 5.29 points to 3,078.95.
The red lines in the chart below is the support for KLCI whereas blue line is the resistance.  The KLCI is under correction after a series of bullish. 

Will Airasia continue uptrend?

AirAsia Bhd, Southeast Asia’s biggest budget carrier, carried 19.6 per cent more passengers in June compared to a year earlier, according to an e-mailed statement today.

Its load factor rose to 80 per cent in June from 79 per cent last year, it said. In Malaysia, passenger trafic climbed 11.1 percent, 33.4 per cent in Thailand and 39.6 per cent in Indonesia, it said. The group carried 20.9 per cent more passengers in the second quarter of 2011, according to the statement. -- Bloomberg

Read more: AirAsia flies 19.6pc more passengers in June http://www.btimes.com.my/Current_News/BTIMES/articles/20110718154343/Article/index_html#ixzz1STC1fx4E

All Bank Sector down and they are waiting for the Debt Ceiling at USA,could this factor dragging Airasia to continue uptrend? Today, ADX, MACD, RSI, STO signal showing bearish :(
Airasia form a lower high but its closing price still above 20dMA, worth to hold for another round of bullish.

MRCB most likely sideway trading

From the indicators, MRCB most likely will in sideway trading mode this week, the price ranging from 2.22-2.28.  The 20dMA (brown line) is a strong support for MRCB.  As long as it doesn't close below 20dMA, it still have potential to become uptrend.