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..
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..
Still no trading for me with all the negative sentiment globally but today KLSE rebound after hitting the support at 1594.
Indicators
Indicators
1 ) Trendline - below the downtrend line .. ( Bearish )
2) Support/Resistance - Broke above the previous low at 1600 ( Bearish )
2) Support/Resistance - Broke above the previous low at 1600 ( Bearish )
3) MACD -Bearish Crossover ( Bearish )
4) RSI - Broken below 30% (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).
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).
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
More articles on The Stock Library
Discussions
Be the first to like this. Showing 2 of 2 comments
Post a Comment
Featured Posts
Apps
Top Articles
1
THE INVESTMENT APPROACH OF CALVIN TAN
2
CEO Morning Brief
FTSE4Good Bursa Adds 12 New Counters, Including YTL Power and Sunway
5
TA Sector Research
6
BFM Podcast
7
BFM Podcast
8
BFM Podcast
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Chung
analysts dog got reason to tell why today share is up ?
2012-11-29 00:13