The Stock Library

KLSE CHART ANALYSIS FBMKLCI 8 November 2012

Edwin Toh
Publish date: Thu, 08 Nov 2012, 07:55 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..
Following Message


KLSE is one of the unique index that is able to sustain well by our local institution.  Most of the Asia Region went down more than 1% and KLSE manage to climb back to reduce their lose to 0.27% only . This action formed a strong hammer..






Indicators
1 ) Trendline - Broke below the uptrend line .. ( Bearish )
2)  Support/Resistance - Broke below the previous low ( Bearish ) 
3) MACD -Bearish Crossover with MACD 4G6R   ( 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 meeting from the support cloud 
                       b) Conversion line  below the base line (Bearish).
                       c) Price close below the baseline ( Bearish) .
7) Candlestick pattern - Formed matching low . Click here  (bullish). 



Conclusion:
Bearish..  Formed at strong hammer. If tomorrow went up with a white candle will indicate a bullish reversal and if not it will continue to bear down to the next support at 1621.

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