The Stock Library

KLSE CHART ANALYSIS FBMKLCI 12 November 2012

Edwin Toh
Publish date: Tue, 13 Nov 2012, 01:15 PM
Edwin Toh
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Talk about everything all under one roof which help us profit big money!! This blog have Technical Analyze Chart on Selected Stock and Forum for Daily Buy and Sell Call.


Disclaimer
All observation, buy call and sell call based on my own personal view are just for informational purpose and for my personal references to remind my self what i have analyze before and now for self improvement. Buy at your own risk and do not follow my view as i am only a novice analyzer with 60% success only..


Indicators
1 ) Trendline - Broke below the uptrend line .. ( Bearish )
2)  Support/Resistance - Broke below the previous low ( Bearish ) 
3) MACD -Bearish Crossover with MACD 4G6R   ( 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 meeting 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
                                                         


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Conclusion:
Bearish
Diving deeper and deeper and approaching the support cloud. If break below and under the support cloud ( 1621 )  will clear indicate a correction.. unless recovery of global sentiment intercept the bearish attack.

Resistance-  1649 /  1668 /1681 /1725
Support -   1621 / 1600 / 1594 / 1581
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Discussions
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Fasterom

Yes definitely correction on the ways. In homeland uncertainty - GE 13 etc might prevent the market up further. Anyway it might good for us to reposition or collect more...

2012-11-13 18:40

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