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KLSE CHART ANALYSIS FBMKLCI 4 December 2012

Edwin Toh
Publish date: Tue, 04 Dec 2012, 08:58 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..
Today it test the support at 1600 and rebound back to 1607.




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
Tested the support at 1600 and formed a hammer. Let check out tomorrow whether 

there is a bullish continuation ( White Candle)

or  Bearish Continuation ( Black Candle and break below 1600)

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




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