FKLI TRADING : 296) a bullish divergence signal
this is number 296...
fkli-aug has a fresh start with sliding near the support level of 1486...today, it is seen that a bullish divergence signal has appeared.
the price has slid lower but the RSI going up, sometimes it is called rsi divergence too. this happens in hourly timeframe, so u can check it out.
Of course, this doesn't mean u should jump in and ride this bad boy straight away. For me, I would wait for a breakout above the Lower-High of 1534 before anything. SO, u should still stick to ur trading plan if u have any. If u dun have, get one.
IF the rebound attempt fails, we should see some support at the next level at 1457-1460...that's all for the update.
IF you are keen on fundamental analysis , then watch out for mco uplift, covid-19 situation in Malaysia, political uncertainty, etc...
*plan your trade and trade your plan... gud luck*
higher resistance : 1550
immediate resistance : 1516-1533
critical support : 1486
lower support : 1457-1460
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*
fkli-aug has a fresh start with sliding near the support level of 1486...today, it is seen that a bullish divergence signal has appeared.
the price has slid lower but the RSI going up, sometimes it is called rsi divergence too. this happens in hourly timeframe, so u can check it out.
Of course, this doesn't mean u should jump in and ride this bad boy straight away. For me, I would wait for a breakout above the Lower-High of 1534 before anything. SO, u should still stick to ur trading plan if u have any. If u dun have, get one.
IF the rebound attempt fails, we should see some support at the next level at 1457-1460...that's all for the update.
IF you are keen on fundamental analysis , then watch out for mco uplift, covid-19 situation in Malaysia, political uncertainty, etc...
*plan your trade and trade your plan... gud luck*
higher resistance : 1550
immediate resistance : 1516-1533
critical support : 1486
lower support : 1457-1460
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*
