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KLSE CHART ANALYSIS FBMKLCI 14 December 2012

Edwin Toh
Publish date: Sun, 16 Dec 2012, 11:37 AM
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..
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 ) .
7) Candlestick - Hanging man (  Bearish  ) Please refer here for more information





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
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