The Stock Library
KLSE CHART ANALYSIS FBMKLCI 9 November 2012
Edwin Toh
Publish date: Sun, 11 Nov 2012, 09:27 AM
Edwin Toh
0 184
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..
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..
Wow KLSE did it again with another hammer.. Double Hammer.!!
This indicate that the investor wants KLSE to go up.. and wonder who are the main investors who are helping to maintain this index price :)
Indicators
This indicate that the investor wants KLSE to go up.. and wonder who are the main investors who are helping to maintain this index price :)
1 ) Trendline - Broke below the uptrend line .. ( Bearish )
2) Support/Resistance - Broke below the previous low ( 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) ,
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
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 - Double Hammer (bullish).
c) Price close below the baseline ( Bearish) .
7) Candlestick pattern - Double Hammer (bullish).
Conclusion:
Bearish
Double hammer, this indicates a strong support and if it go up break back the resistance at 1649 we can see another bullish cycle again but if the investor ran out of bullet on tomorrow 12 November due to bearish pressure we can observe that it may test the next support at 1621
Double hammer, this indicates a strong support and if it go up break back the resistance at 1649 we can see another bullish cycle again but if the investor ran out of bullet on tomorrow 12 November due to bearish pressure we can observe that it may test the next support at 1621
Resistance- 1649 / 1668 /1681 /1725
Support - 1621 / 1600 / 1594 / 1581
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