Based on the chart it is visible that KLSE is trying very hard to break the Downtrend line.
Observation
1) Trendline - Trying breakout from the downtrend line ( BULL fighting BEAR - not sure who is the winner)
2) HH - Testing the reistance at 1531
3) MACD - The histogram is stablizing and waiting for 4R1G to confirm bull run on 29 JAN
4) RSI - Now at 27% which is overbought and by going above 1531 will show breakout from oversold which indicating start of a new bull run
5) ADX - HIgh momentum at 32 points and bearish is reducing
Conclusion
Look like the Bull Sign is getting clearer and waiting for tomorrow breaking the 1531 to show it will be a new start of a bull run again. Hooray
4)
Observation
1) Trendline - Trying breakout from the downtrend line ( BULL fighting BEAR - not sure who is the winner)
2) HH - Testing the reistance at 1531
3) MACD - The histogram is stablizing and waiting for 4R1G to confirm bull run on 29 JAN
4) RSI - Now at 27% which is overbought and by going above 1531 will show breakout from oversold which indicating start of a new bull run
5) ADX - HIgh momentum at 32 points and bearish is reducing
Conclusion
Look like the Bull Sign is getting clearer and waiting for tomorrow breaking the 1531 to show it will be a new start of a bull run again. Hooray
4)
No comments:
Post a Comment