KLSE CHART ANALYSIS FBMKLCI 12 November 2012

Indicators

1 ) Trendline - Broke below the uptrend line .. ( Bearish )
2)  Support/Resistance - Broke below the previous low ( Bearish ) 

3) MACD -Bearish Crossover with MACD 4G6R   ( Bearish ) . Awaiting for 4R1G signal
4) RSI - Broken below 30% (Bearish) ,

5) STO - Broke below 20% and bearish crossover (Bearish)
6) Ichimoku -  a) Price coming meeting from the support cloud (Bearish).

                       b) Conversion line  below the base line (Bearish).
                       c) Price close below the baseline ( Bearish) .
7) Candlestick pattern - Black Candle  (Bearish).

8) Market Sentiment - Negative from  USA 600B Fiscal Worries Refer link

                                                         

Conclusion:

Bearish
Diving deeper and deeper and approaching the support cloud. If break below and under the support cloud ( 1621 )  will clear indicate a correction.. unless recovery of global sentiment intercept the bearish attack.

Resistance-  1649 /  1668 /1681 /1725

Support -   1621 / 1600 / 1594 / 1581