Crescendo Berhad as at 8/12/2011

Moderate high volume with small white spread. I interpret this as retail investors sell off as it hitted downstrend resistance and waited for opportunities to enter the market again as this volume not probably indicates dumping by SM. Nothing much shown by the MACD and Accumulation/Distribution indicators but OBV shown a sign of slow down. Bollinger expanded indicates a significant movement for the next few days. Might be pull back on 9/12/2011.

Crescendo Berhad as at 7/12/2011

Crescendo Corporation Berhad A stock with good fundamental background (from my point of view) has started its downtrend from May 2011. After 2 price bottoms formation, the stock has enter to price range of 1.4 to 1.46 with low volume. However, before this, there is no clear distribution or accumulation that can be detected through VSA that I have newly learnt. Today, this stock has broken the upper price range of 1.46 and closed at 1.49. MACD is a significant indicators for confirmation of bullish signal if the MACD forms a higher high than previous high. Another strong resistance for the next 2 days will be 1.5, a critical resistance for trend reversal. Failure in breaking 1.5 in these 2 days might implies a further downtrend or sideways movement.

FBM KLCI as at 5/12/2011

Similar to what I detected 15/11/2011, another signal of bearish has been detected at 5/12/2011. Both situations also face with the same resistance level. MACD unable to reach the same height as the previous peak. I interpret this as accumulation activities from around 22-29/11/2011 and markup for distribution. This might be a signal for another of bearish. Few more price bar are required to confirm the trend of the indexes.