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KLSE CHART ANALYSIS FBMKLCI 26 September 2012

Edwin Toh
Publish date: Wed, 26 Sep 2012, 08:17 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..

                                               

Today, all the Asian Market slide to Bearish Area but KLSE ( Malaysian  Stock index manage to withstand the pressure.






Battle between Giants..





                     VS








A nonvoting Federal Reserve member,                    Malaysia Budget 2013         
Charles Plosser


Let check on the KLSE index which closed on 26 September 2012




Indicators
1 ) Trendline - Broken below uptrend line at 1645 (Bearish) .
2)  Support/Resistance - Formed Lower low and lower high (Bearish
3) MACD - Formed  4R1G( Bullish 
4) RSI - Rebound from 30% and heading towards 50% ( Slightly Bullish  
5) STO - Blue and Red Signal Kissing. Need another day to confirm..
6) Ichimoku -  a) Price almost penetrated below the support cloud (Bearish). 
                       b) Conversion line  below the base line (Bearish). 
                       c) Price close below the baseline ( Bearish) . 
7) Candlestick pattern - Formed 2 white candle after a support hammer (Bullish) . N

Conclusion:
Bearish

Resistance-  1624 / 1628/ 1634 / 1645 / 1648 ( Uptrend Line) / 1656
Support -  1609/ 1592 / 1582

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