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KLSE CHART ANALYSIS FBMKLCI 26 November 2012

Edwin Toh
Publish date: Mon, 26 Nov 2012, 09:02 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..
Diving deeper and deeper into the abyss..



Indicators
1 ) Trendline - below the downtrend line .. ( Bearish )
2)  Support/Resistance - Broke below the previous low at 1621 ( Bearish ) 
3) MACD -Bearish Crossover and 4G1R  ( Bearish )
4) RSI - Broken below 30% (Bearish) ,
5) STO - Broke below 20% and bearish crossover (Bearish)
6) Ichimoku -  a) Price coming entering from the support cloud (Bearish).
                       b) Conversion line  below the base line (Bearish).
                       c) Price close below the baseline ( Bearish) .
7) Candlestick pattern - Black Candle  (Bearish).


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Conclusion:
Bearish
Going to test the 1600 and if rebound we will need to monitor the banking sector as it might rebound if there is any positive news on the Greek Rescue and the Fiscal issue resolved.

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

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