Indicators
1 ) Trendline - Broke below the uptrend line .. ( Bearish )
2) Support/Resistance - Broke below the previous low ( Bearish )
2) Support/Resistance - Broke below the previous low ( Bearish )
3) MACD -Bearish Crossover ( Bearish ) . Awaiting for 4R1G signal
4) RSI - Broken below 30% (Bearish) ,
4) RSI - Broken below 30% (Bearish) ,
5) STO - Broke below 20% and bearish crossover (Bearish)
6) Ichimoku - a) Price coming entering from the support cloud (Bearish).
6) Ichimoku - a) Price coming entering 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).
c) Price close below the baseline ( Bearish) .
7) Candlestick pattern - Black Candle (Bearish).
8) Market Sentiment - US index went up positive after optimistic budget talk on how to resolve the fiscal issue.
Conclusion:
Bearish
On the last support line of the support could with a hammer. Apparently it seems that the market have digested the Fiscal Fear and starting to invest back on the equities. With the US index closing positively on Friday.. It is possible that KLSE will rebound and if it rebound out from the support cloud with positive indicator from MACD, STO and RSI it will be a good time to buy in and sell it at the next higher high above 1681..
On the last support line of the support could with a hammer. Apparently it seems that the market have digested the Fiscal Fear and starting to invest back on the equities. With the US index closing positively on Friday.. It is possible that KLSE will rebound and if it rebound out from the support cloud with positive indicator from MACD, STO and RSI it will be a good time to buy in and sell it at the next higher high above 1681..
Resistance- 1649 / 1668 /1681 /1725
Support - 1621 / 1600 / 1594 / 1581
Posts
0 comments:
Speak up your mind
Tell us what you're thinking... !