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Thursday, September 22, 2011

KLSE testing 1394!!

You have been warned about the KLSE. Break 1394.. FREEFALL!!!!

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


  1. Hi edwin ,

    enjoy it >

    never too late 2 know ta = tak ada akal method ^_-

    from Samgoss

  2. Wow, Samgoss is visiting my blog. Hmm, maybe high chances that my blogs is getting for popular among the TA ( Technical Analyzer in Stock).

    That is a good sign. Anyway, FA is good but i believe as long as a method works brilliantly which many readers are earning money from reading here, there is no harm..

    That is why i did not advice anybody to purchase any stocks but invest on long gold or short Dow Jones :)...

    Thanks for visiting my blog which makes me happy but not to worry as i wont be stealing your customers because this is a free zone blogs which depends on readers interest.