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Thursday, September 29, 2011

KLSE on Sept 29

Hmmm.. Hope it is not a bear wearing a bull costume ( Bear Trap). Dow Jones broken after 3 days of bulls and starts to decline again and will this affect the Asia Market and KLSE?

1) Trendline - downtrend- (Bearish)
2) Formed lower low  - (Bearish)
3) MACD -Below 0 but 3R1G (Bullish)
4) RSI - Going to reach 30% (Bullish) - and break above it will be a Buy Buy Signal
5) Sto - Formed Bullish Crossover and heading toward 20% (Bullish)
6) ADX - high momentum and Bearish( Bearish)
7) Candle Stick -Hanging man after a white candle (Bearish) Something which gave a bull run a full stop!!


      3 Points

Winner Bear ( Throw down wrestling style)

As mention before we still not sure it is a confirm long bull run which we are looking for Higher high and higher low but USA market did badly this morning which might affect the Asia Market too.

Entry Price 1371
Resistance 1397 and 1424
Support at 1352 and 1342

Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)

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