KLSE CHART ANALYSIS FBMKLCI 14 November 2012

Indicators

1 ) Trendline - Broke below the uptrend line .. ( 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) ,

5) STO - Broke below 20% and bearish crossover (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).

8) Market Sentiment - Negative from  USA 600B Fiscal Worries Refer link

Conclusion:

Bearish
KLCI in the midst of entering the support cloud. Breaking below it will indicate bearish..

Resistance-  1649 /  1668 /1681 /1725

Support -   1621 / 1600 / 1594 / 1581