KLSE CHART ANALYSIS FBMKLCI 30 November 2012

KLSE might formed a doji star on last Friday and stopping to take a breather before it next big move whether to bear or bull..

Indicators

1 ) Trendline - Broke above the downtrend.. ( Bullish)
2)  Support/Resistance - Formed lower low ( Bearish ) 

3) MACD -Negative portion   ( Bearish )
4) RSI - Still below 30% (Bearish) ,

5) STO - bullish crossover and broke above 20%  (Bullish) I
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 - Evening Star in the making  (Bearish). 

Conclusion:

Bearish

As long as it is below the support cloud it will be still bearish. If it break above 1621 there is hope of bullish but if break below 1600 will indicate bearish to test the next support at 1594.

Resistance-  1621 / 1649 /  1668 /1681 /1725

Support -   1600 / 1594 / 1581