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Sunday, January 16, 2011


To the Main Topic

KLSE - Boleh Land... ( Everything is possible)

1) Uptrend - Still intact with the uptrend line
2) HH/HL - Formed at Higher low at 1558 and rebound up
3) Resistance - Now it is testing the new Resistance at 1576 , if they manage to break this we can see another bull run and just watch out if it fails then we need to go for profit taking.
4) MACD - The red signal is getting near to the blue signal which might indicating that the bull run is slowing down
5) RSI - Steadily hovering at 56% and awaiting for confirmation on the whether it can break the resistance and retrace from it
6) ADX- SIgnal is at 37 which is showing high momentum .. Either break resistance or major retracement ( Monitor this closely which it is very crucial) . If on Monday Jan 17 all regional market is red high chances we will see another retracement on KLSE.

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