The Stock Library
KLSE CHART ANALYSIS FBMKLCI 7 December 2012
Edwin Toh
Publish date: Fri, 07 Dec 2012, 08:39 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..
After the hammer on the support on 4 December there was a confirmation bullish attack on the following days and now testing the resistance at 1621
Indicators
Indicators
1 ) Trendline - Sideway
2) Support/Resistance - Formed lower low ( Bearish )
2) Support/Resistance - Formed lower low ( Bearish )
3) MACD -Bullish Crossover ( Bullish)
4) RSI - Broke above 30% (Bullish) ,
4) RSI - Broke above 30% (Bullish) ,
5) STO - bullish crossover and broke above 50% (Bullish) I
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 Resistance at 1621 and also the 20d MA at 1620. Need to be cautious at this position whether it will break above 1621 or retrace back and form lower high
Resistance- 1621 / 1649 / 1668 /1681 /1725
Support - 1600 / 1594 / 1581
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