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KLSE CHART ANALYSIS FBMKLCI 16 October 2012

Edwin Toh
Publish date: Tue, 16 Oct 2012, 08:32 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..



Indicators
1 ) Trendline - Uptrend in Major Trendline.. ( Bullish )
2)  Support/Resistance - Formed higher low( Bullish ) and if break above 1668 will indicate further bullish
3) MACD - If tomorrow is a white candle will show a 4R1G signal which indicates further bullish
4) RSI - At the overbought area and retracing (Slightly Bearish) , If rebound at 70% will indicate further bullish
5) STO - Broke below 80% and bearish crossover (Bearish)
6) Ichimoku -  a) Price coming above from the support cloud (Bullish )
                       b) Conversion line  above the base line (Bullish).
                       c) Price close abovethe baseline ( Bullish) .
7) Candlestick pattern - Formed spinning top after a weak like hammer.. Waiting for confirmation.. 

if 
a) White Candle and Break above - 1659 ( Bullish)
b) Black Candle and break below 1649 ( Bearish)

Conclusion:
Slightly Bullish

Resistance-   1668 /1676 /1725
Support -  1649 / 1621 / 1600
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