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Monday, January 31, 2011

Fear Factor in KLSE

Everbody heart and eyes almost pop out when KLSE open with - 15 points today but luckily it manage to gather up strength to go up to lessen the damage

1) Trend Line - Close above the down trend line ( Still slightly bullish)
2) HH - Touch the previous higher low and rebound ( There is still hope)
3) MACD - 4R1G - bullish signal if it maintains the next trading day
4) RSI - At 25% oversold and it is cheap to go in but wait for it to break above 30%
5) ADX - Slightly good momentum but bearish

If close below 1509 - Stop loss and wait for next support at 1493
If close higher at 1531 - Bullish Buy

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