Everybody was optimistic that KLSE will go up today and believe many people traded some counter but eventually it drop back to negative zone at the last call today..
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 - bullish crossover (Slightly Bullish) If break above 20% will be more bullish
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 -
Two Crows in making (
Bearish).
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Conclusion:
Bearish
Be patient as stay sideline until we see a true bullish reversal.. Might attempt to test back the 1600 and breaking below it will be bearish again..
Resistance- 1621 / 1649 / 1668 /1681 /1725
Support - 1600 / 1594 / 1581