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KLSE CHART ANALYSIS FBMKLCI 17 December 2012

Edwin Toh
Publish date: Mon, 17 Dec 2012, 08:38 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..
Formed 2 hanging man on the 1647 support line. It is a crucial whether if it hook up it will be another round of bull but if break below it will confirm in bearish mode because it will closed as lower high.



Indicators
1 ) Trendline - Uptrend
2)  Support/Resistance - Formed lower  low ( Bearish ) 
3) MACD -Formed 5G1R  ( Bearish )
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
Need to maintain above 1647 to remain bullish


Resistance-     1655/ 1668 /1681 /1725
Support -  1649 / 1621 /1600 / 1594 / 1581












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