KLSE CHART ANALYSIS FBMKLCI 26 September 2012

                                               

Today, all the Asian Market slide to Bearish Area but KLSE ( Malaysian  Stock index manage to withstand the pressure.

Battle between Giants..

                     VS








A nonvoting Federal Reserve member,                    Malaysia Budget 2013         
Charles Plosser


Let check on the KLSE index which closed on 26 September 2012

Indicators
1 ) Trendline - Broken below uptrend line at 1645 (Bearish) .
2)  Support/Resistance - Formed Lower low and lower high (Bearish) 
3) MACD - Formed  4R1G( Bullish ) 
4) RSI - Rebound from 30% and heading towards 50% ( Slightly Bullish  ) 
5) STO - Blue and Red Signal Kissing. Need another day to confirm..
6) Ichimoku -  a) Price almost penetrated below the support cloud (Bearish). 
                       b) Conversion line  below the base line (Bearish). 
                       c) Price close below the baseline ( Bearish) . 
7) Candlestick pattern - Formed 2 white candle after a support hammer (Bullish) . N

Conclusion:
Bearish

Resistance-  1624 / 1628/ 1634 / 1645 / 1648 ( Uptrend Line) / 1656
Support -  1609/ 1592 / 1582