KLSE CHART ANALYSIS FBMKLCI 17 December 2012

Formed 2 hanging man on the 1647 support line. It is a crucial whether if it hook up it will be another round of bull but if break below it will confirm in bearish mode because it will closed as lower high.

Indicators

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

3) MACD -Formed 5G1R  ( Bearish )
4) RSI - Broke above 70% (Bullish) ,

5) STO - Bearish crossover  ( Bearish  )
6) Ichimoku -  a) Price coming entering from the resistance cloud  and testing the upper resistance( Bullish ).

                       b) Conversion line  above the base line ( Bullish ).
                       c) Price close above the baseline (  Bullish ) .

7) Candlestick - Hanging man (  Bearish  ) Please refer here for more information

Conclusion:

Bullish

Need to maintain above 1647 to remain bullish

Resistance-     1655/ 1668 /1681 /1725

Support -  1649 / 1621 /1600 / 1594 / 1581