Amid CPO price strength, plantation index led by FGV
Volume Profile Range Adjustment
By looking at block transaction, we can see big money trying to push or dump stock...
Brent downside should be done by now, or else all hell break loose.
We can see agreement in the TP for both EW and Wyckoff TP.
Calculated FPgroup Wyckoff target price
Krono short term projection will depend largely on this triangle. Monitor closely.
Closing long position on short term (weekly), expecting downtrend to persist although the channel looks promising.
Here we are trying to analyse the Elliot Wave for Pentamaster. We combined with fibonacci projection to finetune the analysis and we found out that the current price is at the end of wave 5, with the assumption of wave 3 extension. Also the green lines, show the target price based on Wyckoff Law Cause and Effect.
Construction theme play and one of the only two sectors that beats the KLCI
FBMKLCI forming pennant pattern. Strong resistance level to watch at 1614. It may also go down to test support level at 1516. Market is expected to rally by Dec - Jan.
Despite KLCI went to 1628 to previous support, we are looking at the sectors that behave differently. The top 4 sectors are; Technology, Construction, Small Cap and Industrial Products. Timeframe : YTD.