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KLSE CHART ANALYSIS FBMKLCI 3 December 2012

Edwin Toh
Publish date: Mon, 03 Dec 2012, 09:32 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..
Following Message
The start of the new month and the last of 2012.  Today went down by 3 point and if tomorrow to drop down it will confirm the lower high and it will be highly bearish to test the 1600 shortly..



Indicators
1 ) Trendline - Broke above the downtrend.. ( Bullish)
2)  Support/Resistance - Formed lower high and low ( Bearish ) 
3) MACD -Negative portion   ( Bearish )
4) RSI - Still below 30% (Bearish) ,
5) STO - bullish crossover and broke above 20%  (Bullish) I
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 - Evening Star  (Bearish). 



Conclusion:
Bearish
Evening Star formed.. Chances to retest the 1600 support is high.

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

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