FBMSCAP Chart Analysis on 12 September 2012

Finally we seen some life signs in the FBMSCAP..

 Indicators
1 ) Trendline - Broke below the Uptrendline ( Bearish)
2)  Support/Resistance - Formed lower high (Bearish) and  formed Lower Low ( Bearish)
3) MACD - Formed 4R1G ( Bullish)
4) RSI - At oversold and went further downward from 30% (BEARISH)
5) STO - Bearish Crossover ( Bearish) .
6) Ichimoku -  a) Price penetrated in the support cloud (Bearish). Let wait for it go above the support cloud to remain bullish
                       b) Conversion line retrace broke below the base line (Bearish). Waiting for rebound if the Conversion line break above the base line
                       c) Price below the baseline ( Bearish)
7) Candlestick Pattern : White candle after a hammer( Bullish)


Conclusion:
Bullish
Possible of going up temporary forming lower high or rebound bullish

Resistance- 11857 ( Trendline Support on 10 Sept) / 11909/ 12124/12191/11802 / 11735
Support -   111628 / 11493 / 11400