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Monday, May 21, 2012

KLSE in downtrend mode



KLSE look it is in downtrend mode..

Trend - Bearish
Still continue to break lower low.

MACD - RED RED RED and at negative zone ( Bearish)
RSI - Testing 30%
STO - Broke 20% and below ( Bearish)

Resistance 1550, 1566 and 1592
Support 1525, 1521, 1509 and 1494

Saturday, May 12, 2012

MKH Forming at Bullish Flag

This baby has bounced up to 20% within a week and now it is taking profit with reducing volume. This could be a potential Bullish Flag but need to be cautious as it could be a 2 sided blade.



Uptrend with Bullish Flag
MACD - 4R1G - Bearish -- It could be due to profit taking or big fish getting out from the boat

RSI - Reducing toward 70 - A bit bearish
Sto - Bearish Crossover

Entry at = 2.42
Stop Loss 2.32
Take Profit  2.5, 2.6 and 2.86( Bullish Flag Profit)
                 

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