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Monday, September 26, 2011

KLSE views for this week..

Million dollar question!! Will KLSE rebound up or still goes bearish??

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 -Gap down (Bearish)


      0 Points

Winner Bear ( Throw down wrestling style)

Formed a bear gap down between 1388 and 1377. KLSE need to break this gap down before going up..
Entry Price 1390
Resistance at 1394 and 1422
Support a 1352  and 1342 and 1313
Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)

9.45am  : Testing support at 1352.. Will KLSE hold or break the support.. Next support will be 1342..

3pm : Broke the support at 1342 and plunging toward next support at 1313. ( Wow this Technical Analysis is accurate.. Sometimes we need to use all the tools we got..) Next support at 1297 and 1276. Time to save money to buy this second golden oppurtinity which we missed during 2008. Yeah..


  1. Ulicorp sold off b4 WALL STREET SELL OF ON WED AND THURSDAY..The Agreement has not been seal yet but Ulicorp looks very attractive and may rebound to 98-1.02..2010 Legrand acquired Indonesia company 2011 is malaysia turn..

  2. Better stay sidelines first.
    Now if buying stocks it will be hitting a jackpot for it to gain any profit.

    Now Rise 37 versus fall 279 ( 10% chances to gain profit which is a big NO)