Technical analysis is the forecasting of market prices by means of analysis of data generated by the process of trading. Technical analysis relies on the assumption that markets discount everything except information generated by market action, ergo, all you need is data generated by market action. Let's join and discuss the technical analysis in depth on particular stock with the traders all over the world.

Friday, 30 September 2011

KLCI and Dow Jone Industrial

  

15 MA seem like is hard resistance, whenever KLCI touch or close to 15 MA line, it will retrace.  Last Friday (30 Sept), KLCI is trying to break the 15 MA resistance, as predicted, it failed.  With high chances, it will retrace to support 1331,  if dive beyond 1331,next support level will be 1269.


For DJIA, 40 MA is hard resistance.Last few days, it try to break but all attempts fail. Next week, perhaps it will find support at 10728.  This is critical support, break below it, it'll trigger panic selling to push the index further down to 10247!!
Goldman Sachs rule the world, it don't care the government rescue package! Don't miss this precious opportunity to grow your equity!

No comments:

Post a Comment