KLSE CHART ANALYSIS FBMKLCI 23 November 2012

After breaking from the previous support at 1621 it has declined even further even other Asian index are inclining. Are foreign investor pumping out their investment from KLSE and invest other other Asian index?

Indicators

1 ) Trendline - below the downtrend line .. ( Bearish )
2)  Support/Resistance - Broke below the previous low at 1621 ( Bearish ) 

3) MACD -Bearish Crossover  ( Bearish )
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).

Conclusion:

Bearish
Breaking the support of 1621 and now heading the to next support at 1600.. Further breaking it this physiological 1600 will be super bearish..

Resistance-  1621 / 1649 /  1668 /1681 /1725

Support -   1600 / 1594 / 1581