KLSE CHART ANALYSIS FBMKLCI 13 September 2012

KLSE is one of the kind type of market. SGX / Hang Seng / China went down in red but KLSE went up vice versa into bullish.

Indicators
1 ) Trendline - Below the uptrend line (Bearish) - Requires to break above 1641 to maintain bullish
2)  Support/Resistance - Formed Higher low (Bullish)
3) MACD - Formed  4R1G (Bullish)
4) RSI - Broke above 30% (Bullish)
5) STO - Bullish Crossover and broke above 20% ( Bullish)
6) Ichimoku -  a) Price penetrating in the support cloud (Bearish). Let wait for it to come out from the cloud and now it is taking a peak at the BULL SKies..
                       b) Conversion line retrace and kissing the base line (Bearish). Waiting for rebound
                       c) Price below the baseline ( Bearish) . Touching the baseline...
7) Candlestick pattern - Continuation pattern after Hammer support ( Bullish)


Conclusion:
Bullish

Resistance-   1641 ( Trendline Support on 10 Sept) / 1645 / 1656
Support -  1624/1609/ 1592 / 1582