Tuesday, January 22, 2013

Technical Analysis FBMKLCI 2013-1-22

1. Appeared to have support at lower trendline & MA240.
2. Candlestick Hammer at relative low near the lower of the Ascending band accompany with low volume. Sign of downtrend slowing/reverse. Lower Shadows about 15times of candlestick body.
3. MA(60) bending down [candlestick (day -60)@ 1673.07]. 
4. Index Bearish crossover with MA(20) on 21-1-2013. 

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