FBMSCAP Chart Analysis on 11 September 2012

This morning there was a panic selling and most of the small cap counters were selling down like hot cakes. Surprisingly almost all counter were red in the morning. Luckily there was increase of positive counter

This Morning                                                                                               This Evening
 Gainers         91                                                                                                  213
  Loser          669                                                                                                  610

 Indicators
1 ) Trendline - Broke below the Uptrendline ( Bearish)
2)  Support/Resistance - Formed lower high (Bearish) and  formed Lower Low ( Bearish)
3) MACD - Bearish and let waits for 4R1G to bullish reversal
4) RSI - At oversold and went further downward from 30% (BEARISH)
5) STO - Bearish Crossover ( Bearish) .
6) Ichimoku -  a) Price penetrated in the support cloud (Bearish). Let wait for it go above the support cloud to remain bullish
                       b) Conversion line retrace broke below the base line (Bearish). Waiting for rebound if the Conversion line break above the base line
                       c) Price below the baseline ( Bearish)
7) Candlestick Pattern : Formed a hammer on the support at 11628 ( Bullish)


Conclusion:
Bearish
If tomorrow closes with a big white candle, investors can be delighted to go into the market again.

Resistance- 11857 ( Trendline Support on 10 Sept) / 11909/ 12124/12191/11802 / 11735
Support -   111628 / 11493 / 11400