Headlines News :
Home » » KLSE CHART ANALYSIS FBMKLCI 30 November 2012

KLSE CHART ANALYSIS FBMKLCI 30 November 2012

Written By Unknown on Sunday 2 December 2012 | 8:49:00 pm

KLSE might formed a doji star on last Friday and stopping to take a breather before it next big move whether to bear or bull..



Indicators
1 ) Trendline - Broke above the downtrend.. ( Bullish)
2)  Support/Resistance - Formed lower low ( Bearish ) 
3) MACD -Negative portion   ( Bearish )
4) RSI - Still below 30% (Bearish) ,
5) STO - bullish crossover and broke above 20%  (Bullish) I
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 -
 Evening Star in the making  (Bearish). 







Conclusion:
Bearish
As long as it is below the support cloud it will be still bearish. If it break above 1621 there is hope of bullish but if break below 1600 will indicate bearish to test the next support at 1594.

Resistance-  1621 / 1649 /  1668 /1681 /1725
Support -   1600 / 1594 / 1581



Share this article :

0 comments:

Speak up your mind

Tell us what you're thinking... !

MY WATCH LIST

Check out my current investment

The Stock Library Chat

SPONSOR

KLSE

The Edge Malaysia Business & Markets

Business Times : latest

Followers

Network Follower

 
Support : Creating Website | Johny Template | Mas Template
Proudly powered by Blogger
Copyright © 2011. The Stock Library - All Rights Reserved
Template Design by Creating Website Published by Mas Template