KLCI short term view..overall still in corrective move..wave Y in an ABC corrective wave since 10 March 2021..this week we shall see market should trend higher to complete wave 4 of wave C before going downwards again to complete the wave C of Y..
Hello there, happy eid-alfitr to my muslim friends.
Its been a while since my last post. This is my 2cents for KLCI.
1. Butterfly pattern which indicates the probability of reversal at the price area 1800
2. In addition, the trend for KLCI in a longer term timeframe we can say still heading towards uptrend and might be waiting to see the direction to be...
The consolidation period in the KLCI chart may be caused by the recent MCO announced by the government. It may trigger an alarm as the support area has been tested four times. Next is to monitor if the price rejecting or vice versa at the 50 SMA (red) level.
14th June 2021
The FBM KLCI finished 0.46% or 7.3 points higher at 1,582.46 in line with gains in regional markets. It a good start to the week but also a challenging week. The local political front, uncertain over the outcome from the Agong's meeting with the council of rulers this Wednesday, expect investors to stay sideline waiting for the final outcome....
As Malaysia prepares for the return of MCO 1.0, I thought it'd be useful to see what happened in the days after the MCO announcement on 16-Mar-2020.
Sectors that beat the KLCI in the period since:
3) Industrial Products
FBMKLCI.. long term view doesn't looks good..recent high from march 2020 till today looks like a correction move wave X from the main downtrend move since July 2014..my forecast for long term move, our klci will continue downtrend to complete wave Y at around 1200 points as long as price didn't break previous extreme high wave B at 1900.
Long and short FBMKLCI
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea...
KLCI forming a corrective wave pattern from last extreme high december 2020.
Price may move towards 1641 to complete a 3 waves up for wave X before continue downward in 3 waves moves to complete wave Y.