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KLSE CHART ANALYSIS FBMKLCI 28 September 2012

Edwin Toh
Publish date: Fri, 28 Sep 2012, 08:27 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..
Inclusive of today, 4 days in the row KLSE started to climb back to the bull ladder mainly affected by the good anticipation of the Malaysian's 2013 Budget.

Let check on the KLSE index which closed on 28 September 2012








Indicators
1 ) Trendline - Broken below uptrend line at 1654 (Bearish) .
2)  Support/Resistance - Formed Lower low and lower high (Bearish
3) MACD - Formed  4R3G and a smal bullish crossover( Bullish 
4) RSI - Broke above 50% (Bullish
5) STO - Broke above 50% and bullish crossover (Bullish
6) Ichimoku -  a) Price coming out from the support cloud (Slightly Bullish ). If break apart from the support cloud it will be more bullish
                       b) Conversion line  below the base line (Bearish). 
                       c) Price close abovethe baseline ( Bullish) . 
7) Candlestick pattern - Formed4 white candle after a support hammer (Bullish) .

Conclusion:
Slightly Bullish

Resistance-   1645 / 1651/ 1656
Support -  /1609/ 1592 / 1582 / 1624 / 1628/ 1634
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