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KLSE CHART ANALYSIS FBMKLCI 6 November 2012

Edwin Toh
Publish date: Tue, 06 Nov 2012, 08:12 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 - Broke below the uptrend line .. ( Bearish )
2)  Support/Resistance - Formed higher high ( Bullish ) 
3) MACD -Bearish Crossover with MACD 4G5R   ( Bearish ) . Awaiting for 4R1G signal
4) RSI - Broken below 50% (Bearish) ,
5) STO - Broke below 20% and bearish crossover (Bearish)
6) Ichimoku -  a) Price coming above from the support cloud (Bullish )
                       b) Conversion line  below the base line (Bearish).
                       c) Price close below the baseline ( Bearish) .
7) Candlestick pattern - Formed a weak hammer on the Bollinger Band . Some possiblities to rebound from the bollinger band. But if further break down it will be walk on the below band which is enforce a stronger bearish downtrend.



Conclusion:
Bearish.. Broke the support at 1649 but able to sustain at the bottom bollinger band . If break below the bollinger band will indicate further bearish..


Resistance-  1649 /  1668 /1681 /1725
Support -   1621 / 1600 / 1594 / 1581
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