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KLSE CHART ANALYSIS FBMKLCI 29 November 2012

Edwin Toh
Publish date: Thu, 29 Nov 2012, 09:08 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..
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). Click here to know more..




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
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