KLCI future index is on its last leg to complete wave (E) ( Cyan /Light Blue).. The last leg of bullish contracting triangle correction. Price will rebound soon as price now close to :- 1) Volume Profile ( POC) ( Point of Control) at around 1517 AND 2) Daily Demand Zone (Cyan Rectangle Box).. 3) Dynamic cycle 4 ( cyan/light blue) reached soon 4) There is a...
Technically speaking, market selling force remained strong despite Malaysia Budget 2022 having the highest allocation compared to previous budgets, the hurt of pandemic is relatively hard. We shall say the Budget 2022 mainly for economic recovery and digitalization boosting. Market likely to continue to move lower to test on the immediate support level at 1535,...
Profit taking activities and market lack of catalyst led market lower ahead of the announcement of Malaysia Budget 2022 by 29 Oct 2021. Stochastic shows buying forces deteriorating. Maintain short term correction view with immediate support level at 1550 and next support level at 1520. Market may rebound after tomorrow announcement. We shall see market resume...
Market in muted mode, traders tend to stay sideline or reducing position in hand before announcement of Malaysia Budget 2022, by this Friday. Stochastic shows market strength deteriorating, signalling stronger in selling force. In short, market bullish view with immediate support at 1550, followed by 1520.
MYX:FKLI1! could be headed for another round to the upside IF it manages to break above 1606. Keeping stops tight at 1602.5 with a target area of 1618. Good luck.
Both Current KLCI index Price Dynamic Time Cycle No. 6 (cyan) AND Static Time Cycle (Red)(Dashed Curved Line) is pointing south.. Where the average low of the cycle will be due after 19 Nov 2021...
After recent rallied with the strength in plantation stocks and banking industries served support, market somehow touched on the resistance level at 1600-1620. Profit taking activities likely to step in, with nearest support level at 1550-1565. MACD showed divergence too. Who holding long position please take note, as market may have small correction after...
MYX:FKLI1! is looking to head higher IF it breaks and maintains above 1597.5 on the hourly. Targeting firstly 1608, and then 1614 thereabouts. Good luck
this is number 305... As what I have told frm the previous passage, the trend will reverse once the resistance of 1552.5-1563 has been breached. The momentum of uptrend continues on for fkli-oct and it closed abv the 1600 resistance tdy, 13th Oct 2021. It has turned into bull for both daily and hourly charts. SO now, the most practical trading strategy would be...
KLCI index price still in ranging and price may form a diamond/contracting triangle pattern before breakout for resuming uptrend..
this is number 303... fkli-sept ended yesterday. Nothing much to report actually but it is still in downtrend for the fkli. It is downtrend and sideway as fkli-oct is more sensitive to the news events and market sentiment. Support is ranging frm 1513- 1524 and resistance frm 1552.5 - 1563. IF the price breaks above the 1552.5-1563 resistance, THEN it will retest...
Just finished corrective wave in Daily timeframe, broke up from downtrend channel ABC. H4 Timeframe : impulse wave 1 and heading to wave 2 right now I traded on impulse wave 3, looking for bullish trend soon !!! This is Elliott Wave !
FKLI1! has some potential for a counter-trend reversal to the upside if it manages to break above the 1524 level or if it stays stead above this area. Targeting 1,544.5 in the short term.
KLCI may found major support at around 1515 where there is a confluence zone of 1) trend line (yellow dotted) resistance/support flip zone 2) Major Demand Zone
The FKLI1! Index futures are looking to break its immediate 1543 support on the hourly timeframe to head lower targeting a low of 1525. Drop a comment if you agree.
Comment: FKLI traded in sideway between two yellow trendlines highlighted. IF FKLI break above yellow trendlines , bullish flag will materialize. Traders may looks for Buying opportunities. Our preference: IF FKLI break above yellow trendlines , bearish flag will materialize. Traders may looks for selling opportunities with targets at 1595 resistance level .
Hallelujah!! ( Hari -Hari Duit Ah !!) ).... KLCI Index Price have broken wave b (Green Circled) High AND descending Channel confirmed the Running Flat Pattern wave B (Red Circled) completed. Meant KLCI index have turned from bearish to bullish and index price will break all time high in 1-2 years...
KLCI index price now currently at the down trend line (yellow dotted) and Supply Zone (Red Zone).. Price could be stalled and resuming its down trend..