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Sunday, September 18, 2011

KLSE on the verge to break 1400 support line

1) Trendline - downtrend- (Bearish)
2) Formed lower low  - (Bearish)
3) MACD -4G1R(Bearish)
4) RSI - Heading towards 50% and below (Bearish) -
5) Sto - Formed Bearish Crossover and broke below 30% (Bearish)
6) ADX - high momentum and Bearish( Bearish)
7) Candle Stick - 3 Strong Black Crow (Bearish)


      0 Points

Winner Bear ( Throw down wrestling style)

KLSE crashing down even with Dow going up 4 days in a row. which shows that profit taking or correction is on the way ( Switch my unit trust to Bond First). Please watch aside first before going into the market. Notice why i did not post any stock because all the stock are selling down which is about 80% chances it will go down. Now i am trading longing gold for long term before going into KLSE market agian
Entry Price 1483
Resistance at 1493
Support a 1422 and 1394
Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)

1 comment:

  1. 1409 is the capulation point. STRONG BUY UEMLAND at 1.75 cannever go wrong