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KLSE CHART ANALYSIS FBMKLCI 16 October 2012

Written By Unknown on Tuesday 16 October 2012 | 8:32:00 pm




Indicators
1 ) Trendline - Uptrend in Major Trendline.. ( Bullish )
2)  Support/Resistance - Formed higher low( Bullish ) and if break above 1668 will indicate further bullish
3) MACD - If tomorrow is a white candle will show a 4R1G signal which indicates further bullish
4) RSI - At the overbought area and retracing (Slightly Bearish) , If rebound at 70% will indicate further bullish
5) STO - Broke below 80% and bearish crossover (Bearish)
6) Ichimoku -  a) Price coming above from the support cloud (Bullish )
                       b) Conversion line  above the base line (Bullish).
                       c) Price close abovethe baseline ( Bullish) .
7) Candlestick pattern - Formed spinning top after a weak like hammer.. Waiting for confirmation.. 

if 
a) White Candle and Break above - 1659 ( Bullish)
b) Black Candle and break below 1649 ( Bearish)

Conclusion:
Slightly Bullish

Resistance-   1668 /1676 /1725
Support -  1649 / 1621 / 1600
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