KLCI Malaysia & Budget 2018Technical: Break below 200MA, oversold zone, but likely to retest 1700
Fundamental: Watch out for Budget 2018
FBMKLCI trade ideas
Malaysia, truly AsiaI think that KLSE (Malaysia index) selling is almost done. It should go down a bit more towards the 50% and 61.8% FIB level and we should see a decent rebound from here. Buy on dips.
Malaysian KLCI breaking down ...Things are not looking too good for the Malaysia Bourse, short term at least.
Breakdown of a rectangle signals a down trend. Unless it morphes. Which it may. =)
#KLSE #KLCI
FBM Kuala Lumpur Composite Index - My OpinionIt goes below the bearish trend line and 20-day moving average. But it looks like within few days recently, it traded sideways. Let's see whether it keeps following the bearish trend or otherwise.
Tell me what you guys think.
Bursa Malaysia KLCI Index just one big pullbackMore like the peak in the index is behind. At moment, sideway ranging situation below previous support an act of distribution. Despite gains in other global indices (for example, new high DJ30), KLCI still in the red year-to-date.
Potential Upside On KLCI ?Double Bottom formed in June.
The price is forming higher low with price breakout recently.
Immediate resistance at 1693.
KLSE chart KLSE seem in correction phase right now .
Will go in range 1550 - 1650 , before make new move ( bullish )
Should not be worried because this is bolehland .
While world having too much crisis , Malaysia keep calm .
FBM: KLCI. Long BiasTechnical - the weekly chart of FBM KLCI had completed the C leg of Bearish Gartley and heading towards D leg. The probability of this pattern turn out to be Bearish Crab is quite low as the D leg of Bearish Crab will be higher than the historical high of FBM KLCI. Therefore, any short order will only be executed wheneven there is a confirmation of trend reversal (whether its Bearish Gartley / Bearish Crab).
The probability of trend reversal happen on 1805 is quite high as the Bearish Gartley will be completed at that level and there is a resistance zone at 1805 - 1820.
Fundamental - Saudi Arabia, Russia agree oil output freeze (source: TheEdge Financial Daily 17/02/2016 Page 2).
This news expected to have high impact to Malaysia as Malaysia is an oil producing country. Therefore rising of oil price would expect to bring in foreign investor to Malaysia and this will push up KLCI index.
DISCLAIMER:
I'm only providing my own thought toward the market but not making any trade call.
klse still in bearish camp.. no sign of bullishKLSE still not good to play... not many people interested to buy at that particular level.. while seller still look good in supply zone
KLSE Index is in a very big trouble aheadI seldom do local KLSE index analysis, but I can't help myself to notice the obvious patterns and highly potential direction for this index in the very near future which could affect a lot of KLSE stock investors who might still are unaware of the real situation.
From the KLSE Month chart, we can clearly see the dreaded Head and Shoulder pattern that can indicate any change of major trend direction. The index is making a move up at the movement in a wedge pattern and it's a very clear retracement move or what we called as "Dead Cat Bounce".
The index had retraced to 1650 level where the Fib-R 38.2 is situated, if it goes south now it will most likely heading to 1350 level where the Fib-E 138.2 and the larger Fib-R 50.0 are situated. Usually the same price retrace will equate to the same price extension on the other direction.
While the Index can still retrace up to 1750 level were the Fib-R 61.8 is situated, it can go south to the 1250 level where the Fib-E 161.8 and the larger Fib-R 61.8 are situated. This would be the ideal price level that the index might found its bottom where there's a very long term trend line support also confluence there.
So this might be a very good time for KLSE stock investor to unload their remaining shares and stay out at the side line, it's also safer this way since another GFC is just looming around the next corner in 2016.
Malaysia: Love its Palm Oil~!Posting the relation for Bursa Malaysia with Palm oil futures. Just posting as a first as this website doesn't have one.
If Palm oil goes higher, market trends to follow it.
Good times ahead as where both lead each other!
-ZackleR
