FKLI Index price consolidated past 1-2weeks, between 157x-160x range. Bears in control following multiple fail test of 1600 crucial Resistance mark.
Staying below Major R: 159x-161x will see bear attempt to push price back to range low 155x-7x or to lower S1 area.
🔔Underlying Support: 155x-7x ; 153x ; 150x
❇️❇️Q1 Outlook: Attempt to breakdown to Major S1......
Technicals
Longterm: Bear 🐻📉
Midterm: Neutral (Sideways-Up) 🐻🐮 📈📉
This Month: Seasonally bullish in Dec 🐮📈
👇🏻Prev idea still largely intact, albeit with an added hint of Dec bullishness / year-end rally
🔔Watch: Budget2021 debate & its subsequent approval/rejection
flat on FKLI; might take a seasonal Dec long near current sideways range low,...
Detailed Elliott Wave Count for Malaysia's KLSE index since its inception.
Once Primary Wave 5 is in - we'll probably head into recession, though that's still a long way to go; probably at least a decade.
this is trade 168 frm haidojo trading...
now bracketing the market again...but the tendency is still long during retracement...
the trend is still uptrend...until lower-high and lower-low are formed...
there is nothing new with fcpo except it is the 1st day of fcpo-dec...so no update...
higher-resistance : 1557
resistance : 1532-1545
immediate resistance ...
this is trade 147 frm haidojo trading...
after hitting the 2nd tp, now normally I wait for the next new trend...until then, still stick to short on rebound...
most probably sideway and slowly down...let's see what the market offers to us...
amazingly,the support range of 1540-1547 still holds...that's the miracle of support and resistance...alwaz mesmerize me in...
-for those who have followed me for the last 2 episodes of fkli predictions, I hope you guys have made some profit..If you haven't dun wori, the market is alwaz thr...A BIGGER question is " Are you ready?" ...as the saying goes, "opportunities await for those who are well-prepared"...
-after witnessing a strong rally uptrend which started last week, finally we see...
