KLSE incline quickly after break above the resistance at 1621 and also broke above 1649 but facing some resistance at the 1655 resistance and Ichimoku Cloud Resistance..
ndicators
1 ) Trendline - Uptrend
2) Support/Resistance - Formed lower low ( Bearish )
3) MACD -Bullish Crossover ( Bullish)
4) RSI - Broke above 70% (Bullish) ,
5) STO - Bearish crossover (
Bearish )
6) Ichimoku - a) Price coming entering from the resistance cloud and testing the upper resistance(
Bullish ).
b) Conversion line above the base line (
Bullish ).
c) Price close above the baseline (
Bullish ) .
Conclusion:
Bullish
If it is able to break the Ichimoku cloud it will indicate stronger bullish sentiment but if it retrace back from now it may test back the support cloud at 1637.
Resistance- 1655/ 1668 /1681 /1725
Support - 1649 / 1621 /1600 / 1594 / 1581