KLSE CHART ANALYSIS FBMKLCI 21 September 2012

KLSE CHART ANALYSIS FBMKLCI 21 September 2012  for Futures and Stock Investors


As the Malaysia Bugdet is around the corner, KLSE is closing firmly lower compared to the regional bullish

Let look at the FBMKLCI Stock Analysis Chart which was closed higher on 21 September2012

Indicators
1 ) Trendline - Broken below uptrend line at 1645 (Bearish) .
2)  Support/Resistance - Formed Lower low (Bearish)
3) MACD - Formed  4G2R(Bearish)
4) RSI - Rebound from 50% and retracing towards 30% (Bearish)
5) STO - Rebound from 80% and retracing towards 50% , Bearish Crossover (Bearish)
6) Ichimoku -  a) Price penetrating the support cloud (Bearish).
                       b) Conversion line  below the base line (Bearish).
                       c) Price close below the baseline ( Bearish) .
7) Candlestick pattern - Three Outside Down (Bearish) . Click here for more details


Conclusion:
Bearish

Resistance-  1628/ 1634 / 1645 / 1648 ( Uptrend Line) / 1656
Support -  /1624/1609/ 1592 / 1582