I post this chart not because I invest in this market but because I happen to live there. This count suggests that the downward correction could have quite a bit further to go although on a positive note, it also suggests upside eventually. A possible clue could be the EW principle of alternation and while the wave 2 correction was a short one to the 38.2 fib...
"Dont buy or sell until you see significant pattern and price.
Price has inertia because it carry heavy volume inside the price.
Follow the trend and the trend never wrong.."
-Zezu Zaza Bursa Saham Trading @ Hotel Armada Petaling Jaya 15th November 2019
As you can see the world market right now is contain of fear. Great great depression is on the way. Economy...
After Fed announced to drop the interest rate from 1.75% (29th Januari 2020) to 1.25% (4rd March 2020) , the stock KLSE will be bounce on Thursday 5th March 2020.
This is a good news for Malaysian Ringgit after to recover from the resignation of the Prime Minister of Mahathir Mohamad on 24th February 2020. As you can see on my illustrated chart, the demand has...
- Lets see what market reaction on this trend lines either it will be support level or break the trend line.
- If price are trading below the trendlines my bias totally bearish on this index and the prices will find nearest support on 867.0 level
DISCLAIMER : THIS IS OPINION BASED ON MY PERSPECTIVE. FOLLOW AT YOUR OWN RISK
If price get down, we can wait for price action reverse candels and then get Long position.
If price go up and get inside the channel we can wait for pullback and get Long position.
Please DO NOT SELL IT.
Good Luck...
2018 was a terrible year where almost all the global bourses plunged sharply due to the US-led trade wars against China and several other countries. The Malaysian market too has a double whammy following the surprise change of government for the first time since Merdeka day. Year-to-date, most markets recorded fairly good rebound. Unfortunately, the recovery was...
It is now in a consolidation phase and this may go on for a while before it either
break out or break down. If you dislike range movement, then wait for it. No need
to participate in every chart, just the one you like and comfortable with.
Again, Mr Market decides the direction , not the trader. We merely act following its next
move not to dictate the market...
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.
