KLSE CHART ANALYSIS FBMKLCI 7 December 2012

After the hammer on the support on 4 December there was a confirmation bullish attack on the following days and now testing the resistance at 1621

Indicators

1 ) Trendline - Sideway
2)  Support/Resistance - Formed lower  low ( Bearish ) 

3) MACD -Bullish Crossover   ( Bullish)
4) RSI - Broke above 30% (Bullish) ,

5) STO - bullish crossover and broke above 50%  (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) .

Conclusion:

Bearish

Testing the Resistance at 1621 and also the 20d MA at 1620. Need to be cautious at this position whether it will break above 1621 or retrace back and form lower high 

Resistance-  1621 / 1649 /  1668 /1681 /1725

Support -   1600 / 1594 / 1581