After a good rebound from KLSE at the support line at 1312 and also a rebound in US and Europe Market, there might be a small possible to see some gains today at KLSE index
Observation
1) Trendline - downtrend- (Bearish)
2) Formed lower low - (Bearish)
3) MACD -Below 0 and Bearish Crossover ( Bearish)
4) RSI - Broke below 30% Bearish) -
5) Sto - Formed Bearish Crossover and broke below 20% (Bearish)
6) ADX - high momentum and Bearish( Bearish)
7) Candle Stick -Hammer (Bullish) but need to see a doji before action is taken
1 Points
Conclusion
Observation
1) Trendline - downtrend- (Bearish)
2) Formed lower low - (Bearish)
3) MACD -Below 0 and Bearish Crossover ( Bearish)
4) RSI - Broke below 30% Bearish) -
5) Sto - Formed Bearish Crossover and broke below 20% (Bearish)
6) ADX - high momentum and Bearish( Bearish)
7) Candle Stick -Hammer (Bullish) but need to see a doji before action is taken
6Points
1 Points
Winner Bear ( Throw down wrestling style)
We saw a good rebound on the support at 1313 and went back up to 1331
We saw a good rebound on the support at 1313 and went back up to 1331
Entry Price 1342
Resistance at 1352, 1394 and 1422
Support a 1313 and 1297
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