FKLI TRADING : 293) building base but not confirm reversal yet
this is number 293...
after breaching below the strong 1550 support level, fkli july has been trading below it since...the recent move is...hovering below 1515 and reached low at 1500...1534 has to be breached to confirm a reversal...till then, still a sideway market with bear in charge...bull has lost its fight and not sure when it will return...
IF you are keen on fundamental analysis, then watch out for mco uplift, covid-19 situation in Malaysia, political uncertainty, etc...
but normally, before the news come out, price action already made the move...that's why, I am not a fan of fundamental analysis...
it is not the bad news which "kills" the market, it is usually the uncertainty...so sideway market breeds advanced pattern, so if thr is any, I shall update...gud luck folks...
*plan your trade and trade your plan... gud luck*
higher resistance : 1550
immediate resistance : 1523-1533
critical support : 1515
lower support : 1486
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds…DON’T LOSE MONEY THAT YOU CANNOT AFFORD…any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
after breaching below the strong 1550 support level, fkli july has been trading below it since...the recent move is...hovering below 1515 and reached low at 1500...1534 has to be breached to confirm a reversal...till then, still a sideway market with bear in charge...bull has lost its fight and not sure when it will return...
IF you are keen on fundamental analysis, then watch out for mco uplift, covid-19 situation in Malaysia, political uncertainty, etc...
but normally, before the news come out, price action already made the move...that's why, I am not a fan of fundamental analysis...
it is not the bad news which "kills" the market, it is usually the uncertainty...so sideway market breeds advanced pattern, so if thr is any, I shall update...gud luck folks...
*plan your trade and trade your plan... gud luck*
higher resistance : 1550
immediate resistance : 1523-1533
critical support : 1515
lower support : 1486
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds…DON’T LOSE MONEY THAT YOU CANNOT AFFORD…any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
