FBMSCAP Chart Analysis on 21 September 2012

FBMSCAP Chart Analysis on 21 September 2012 for Stock Investors

Indicators
1 ) Trendline -  below the Uptrendline and almost breaking it ( Bearish).  If break 11906 on Monday 24 Sept it will be uptrend
2)  Support/Resistance - formed Lower Low ( Bearish)
3) MACD - Many Green Histogram and the Blue signal is meeting the red signal.
If Bullish Crossover next week - Continuation of bullish signal
If the Red Histogram appear after many green - Bearish Reversal will be formed.
4) RSI - Broke above 50% (Bullish)

5) STO - Small Bearish Crossover (Slightly Bearish) .
6) Ichimoku -  a) Price penetrated in the support cloud (Bearish). Let wait for it go above the support cloud to remain bullish
                       b) Conversion line retrace broke below the base line (Bearish).
                       c) Price below the baseline ( Bearish)
7) Candlestick Pattern :  Formed Bullish Harami ( Bullish) . What is bullish Harami - Click here

Conclusion:
Bearish

Only Bullish if it break above the Uptrend Line and start to penetrate the Ichimoku Cloud

 
Resistance- 11802 / 11906 ( Trendline Support on 24 Sept) / 11909 / 12124 / 12191 / 12379/
Support -   11735/ 11628 / 11493 / 11400