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KLSE CHART ANALYSIS FBMKLCI 27 November 2012

Edwin Toh
Publish date: Tue, 27 Nov 2012, 08:27 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..
Today was disastrous after breaking below the 1600 support line with 188 rise and 565 fall..




Indicators
1 ) Trendline - below the downtrend line .. ( Bearish )
2)  Support/Resistance - Broke below the previous low at 1600 and if break below 1594 it will be super bearish ( Bearish ) 
3) MACD -Bearish Crossover and 4G2R  ( 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
Broke below 1600 and if break below 1594 will indicate downtrend..

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

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