KLSE CHART ANALYSIS FBMKLCI 4 December 2012

Today it test the support at 1600 and rebound back to 1607.

Indicators

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

Conclusion:

Bearish

Tested the support at 1600 and formed a hammer. Let check out tomorrow whether 

there is a bullish continuation ( White Candle)

or  Bearish Continuation ( Black Candle and break below 1600)

Resistance-  1621 / 1649 /  1668 /1681 /1725

Support -   1600 / 1594 / 1581