The Stock Library
FBMSCAP still bearish..
Edwin Toh
Publish date: Thu, 29 Nov 2012, 09:14 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..
Eventhough there was a hammer on the support but did not get any bullish confirmation and ended with another black candle.
Indicators
Indicators
1 ) Trendline - below the downtrend line .. ( Bearish )
2) Support/Resistance - Broke below the previous low at 11475( Bearish )
2) Support/Resistance - Broke below the previous low at 11475( Bearish )
3) MACD -Bearish Crossover and many red ( Bearish )
4) RSI - Broken below 30% (Bearish) ,
4) RSI - Broken below 30% (Bearish) ,
5) STO - Broke below 20% and bullish crossover (Slightly 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) .
c) Price close below the baseline ( Bearish) .
Conclusion:
Bearish
Testing the next support at 11354 which is next lower low.. Better hold any trading on 2nd n 3rd liner stocks temporary until the picture is clear.
Resistance- 11475 /11596 / 11695 / 11757 / 11905 / 12107 / 12187
Support - 11354 / 11200 / 11123 / 11030
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