Hold & Sit Tight

My KLCI Analysis Today:



Today market is down 0.5% lower at 1487.68 in early trade, tracking losses in most regional markets as the massive earthquake in Japan hurts sentiment.


However, for those who bought shares recently please do not panic to sell off your shares.
HOLD your position due to my technical analysis today:


Indicators


Sto slow: oversold timing


Volume: low volume at downtrend means a lot of seller not willing to sell and ready to change direction


ADX: downtrend sign


B.B: have not form any upper curve so the downtrend sign still not reverse yet

Support level: 1475 points


Resistance level: 1513 points