The Stock Library

KLSE CHART ANALYSIS FBMKLCI 28 November 2012

Edwin Toh
Publish date: Wed, 28 Nov 2012, 10:47 PM
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..
Following Message
Still no trading for me with all the negative sentiment globally but today KLSE rebound after hitting the support at 1594.




Indicators
1 ) Trendline - below the downtrend line .. ( Bearish )
2)  Support/Resistance - Broke above the previous low at 1600 ( Bearish ) 
3) MACD -Bearish Crossover   ( 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 - Bullish Engulfing Candle  (Bullish).




Conclusion:
Bearish
Eventhough rebound above 1600 but we are not sure whether this is dead cat bounce.. As long it is below the downtrend line and below the ichimoku cloud i think it is still bearish..

Stay sideline until we are confirmed rebound.. 

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





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Discussions
Be the first to like this. Showing 2 of 2 comments

Chung

analysts dog got reason to tell why today share is up ?

2012-11-29 00:13

drnumberuntung

where is the reason?

2012-11-29 00:26

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