For Studies Purpose ONLY. Malaysian have just voted and celebrated for their new government with its stock index surging >5%..BUT it probably need “some time” to “reformatting” the “bad hardisk’s sector” left by previous....
Comment : 1) FBMKLCI has fell below Neckline A on 19-Sept, the prior short term rebound is likely over. The next supporting/rebounce point is expected to be around 1402. The bearish trend underway since 19-Aug. Please take cautious in your trading plan at the moment as the market could be getting more fluctuate. 2) TrendX+ indicator - red candlestick still...
From my point of view, this index shows a possible bullish movement as the price already test the bearish trendline for the third times. Its mean that resistance trendline might become weak. Futhermore, price also did a breakout from previous high or resistance and on it way to resistance become support area. Malaysia general election also in near time and surely...
Buying Opportunity of Lifetime. - August 1998 - End of 2008 to early of 2009 - March 2020 - October 2022 Simple strategy - buy blue-chip/component of KLCI when the price on lower channel. Profiting way - Capital appreciation and Dividend given.
FMBKLCI’s “seem” like forming a triangle pattern in supercycle wave (b) (yellow). Price seem like contracting before “exploring” to upside “ONLY” after 2027..P/s.. it seem like most Index. E.g US, Asian point to year 2025, 2035..
It has been an excellent rollercoaster for KLCI Indeks. We are in the midst of a downturn in pricing when the price of Ringgit will not stand a chance to recover in the next 2 years. While we are in the midst of dissolution in Malaysia. We do not have any current prime minister running for management. While this dissolution only makes the settlement in not go...
Based on the early analysis, KLCI is expected to fall to 1008 if it closes below 1270 on the monthly candle. Keep track of the monthly levels, the market is expected to be volatile due to the upcoming elections and the associated outcomes from the election.
However once USD starts to persisently weaken next week or 2 weeks than KLCI could get a significant relief rally
Comment : 1) TrendX+ indicator - first red candlestick appear, wandering above trend line , mid-term uptrend 2) DDX+ indicator - watch out for bear signal that came out on 19th August 2022, and also look out for red trend-cross which indicating a resistance 3) MCDX+ indicator - banker bar (red) fall below MA10 line, while retailer bar (turquoise) starting to...
Continued BNM rate hikes might bring KLCI to 1350 by December or January
According to the latest data release on Q2 GDP growth, klci are looking bullish and with the general election outlook being the focal point or the remaining month of 2022. Technical view of the forecast , expecting the target 1710 to be reach high are formed around 1695 and likely to trade pass that price. Looking forward on the remaining GDP data for more...
Only low Inflation, BNM easing and Big Spending can push Equities higher again
KLCI has completed its minor 5-wave move and as the diamond top has formed, it hinted a potential reversal. Furthermore, the corrective expanded flat is forming, with 1469 being 161.8% extension of the diamond top.
Pure speculation for fun. Don't make important decisions based on this. Gloves tend to lead KLCI recovery after a crash. SPX mid-term seasonality likely sideways at best before Q4 or with a bottom in September before rising towards mid-term elections in November. If KLCI were to "crash" and follow this pattern, it will start in August and bottom in...
Monthly Time Frame My forecast for long term move on Monthly TF, our KLCI will continue downtrend to complete correction wave at around 1237 points as long as price didn't break previous extreme high at 1900. I forecast that Correction will be in triangle pattern and at the same time will complete sub wave 4 then will make a drop to fibo 0.382 at 1237 point to...
With Fiscal Stimlus then could bounce then December January decide direction. FDI, exports and foreign funds flows may tilt the bias
Technical reasons: Double Top confirmation Structure broken Failed to make series of higher high Downtrend Continuation Cup & Handle in the making.. Fundamental reasons: Inflation rate hike rising oil prices Russia Ukraine conflict
Market Geometry is a fascinating phenomena. The philosophy and principle behind the Market Geometry is that there is Order, Symmetry, Harmony in the midst of complexity and chaos, as manifested by human behaviors in the market. This is another illustration of such phenomena using Gann Box to create market geometry. After creating Gann Box B1 to B4, we can make...