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Tuesday, October 18, 2011

KLSE on Oct 17

1) Trendline - Uptrend- (Bullish)
2) Formed higher low- (Bullish)
3) MACD -Bullish Crossover (Bullish)
4) RSI - Broke above 70% (Bullish) -
5) Sto -Kissing (Potential Bearish)
6) ADX - high momentum and bullish crossover ( Bullish)
7) Candle Stick -2x white candle (Bullish)
8) Global Factor - USA Index down and lose of confidence of investor after German Finance Minister Speech (Refer to the news ).


      6 Points


Winner BULL

Eventhough all the indication are great we need to follow the support and resistance rules

Entry Price 1469
Resistance 1475 and 1496
Support at  1442 and 1422

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