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FBMSCAP Chart Analysis on 24 September 2012

Edwin Toh
Publish date: Mon, 24 Sep 2012, 08:01 PM
Edwin Toh
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Talk about everything all under one roof which help us profit big money!! This blog have Technical Analyze Chart on Selected Stock and Forum for Daily Buy and Sell Call.


Disclaimer
All observation, buy call and sell call based on my own personal view are just for informational purpose and for my personal references to remind my self what i have analyze before and now for self improvement. Buy at your own risk and do not follow my view as i am only a novice analyzer with 60% success only..
FBMSCAP failed to break the Uptrend line and retrace downward to formed a lower high. Adding salt to the wound, today the MACD 4G1R appeared which is not a good news..
 
 
 
FBMSCAP Chart Analysis on 24 September 2012 for Stock Investors


 


Indicators
1 ) Trendline -  below the Uptrendline , attempt to break but failed ( Bearish).
2)  Support/Resistance - formed Lower  low and lower high ( Bearish)
3) MACD - 4G1R ( Bearish)
4) RSI - Testing 30% (Slightly Bearish) .
5) STO - Small Bearish Crossover and retracing towards 20% (Bearish) .
6) Ichimoku -  a) Price penetrated in the support cloud (Bearish). Let wait for it go above the support cloud to remain bullish
                       b) Conversion line retrace broke below the base line (Bearish).
                       c) Price below the baseline ( Bearish)
7) Candlestick Pattern : Bearish Engulfing ( Bearish) .

Conclusion:
Bearish
 
 
Resistance- 11735/ 11802 / 11909 / 12124 / 12191 / 12379/
Support -   11628 / 11493 / 11400.
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