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KLSE CHART ANALYSIS FBMKLCI 26 September 2012

Written By Edwin Toh on Wednesday, 26 September 2012 | 8:17:00 pm


                                               

Today, all the Asian Market slide to Bearish Area but KLSE ( Malaysian  Stock index manage to withstand the pressure.






Battle between Giants..





                     VS








A nonvoting Federal Reserve member,                    Malaysia Budget 2013         
Charles Plosser


Let check on the KLSE index which closed on 26 September 2012




Indicators
1 ) Trendline - Broken below uptrend line at 1645 (Bearish) .
2)  Support/Resistance - Formed Lower low and lower high (Bearish
3) MACD - Formed  4R1G( Bullish 
4) RSI - Rebound from 30% and heading towards 50% ( Slightly Bullish  
5) STO - Blue and Red Signal Kissing. Need another day to confirm..
6) Ichimoku -  a) Price almost penetrated below the support cloud (Bearish). 
                       b) Conversion line  below the base line (Bearish). 
                       c) Price close below the baseline ( Bearish) . 
7) Candlestick pattern - Formed 2 white candle after a support hammer (Bullish) . N

Conclusion:
Bearish

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

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