this is number 299... The announcement has been made yesterday. The "you-know-who-he-is" has made an important announcement that he is resigning...and the whole market is celebrating...yeah, yahoooo, yesssss... OF course not, the market is celebrating bcox there is an uplift frm the stricter mco to a more lenient emco and the opening of the 18 industries for...
this is number 296... fkli-aug has a fresh start with sliding near the support level of 1486...today, it is seen that a bullish divergence signal has appeared. the price has slid lower but the RSI going up, sometimes it is called rsi divergence too. this happens in hourly timeframe, so u can check it out. Of course, this doesn't mean u should jump in and ride...
Comment: The immediate trend remain down. Our preference: A candle break below 1482 could trigger selling pressure towards the 1460 support. Alternative scenario: A candle closed above 1500 resistance level could suggest buying pressure . Trader may look for long opportunities with 1510 as target.
Comment: The immediate trend remain down. However, there might shows some weakness in this downtrend as FKLI reach it's support level 1485 zone. Our preference: Traders may looks for selling opportunities at least have a candle closed below 1485 zone with targets at 1460 support level . Alternative scenario: A candle closed above 1500 resistance level could...
Even KLCI future index breaking a previous low it's still possible for its price to rebound back to around 1540..
Comment: The immediate trend remain down as long as FKLI stay below 1525 level. Our preference: Traders may looks for selling opportunities with targets at 1500 support level . Alternative scenario: A candle closed above 1525 resistance level could suggest buying pressure . Trader may look for long opportunities with 1538 as target.
Comment: A candle closed below yellow highlighted will conclude that FKLI will continue trend downside. Our preference: IF FKLI break below yellow trendlines , bearish flag will materialize. Traders may looks for selling opportunities with targets at 1500 support level . Alternative scenario: A candle closed above 1525 resistance level buying pressure will...
FKLI Daily Trend: Bearish Rst: 1,532 Spp: 1,509 Remain in tight consolidation zone between Fibo Ext 50 - 61.8%, no significant sign of improvement observable from Daily or 4H chart yet. The index will plagued by weakness for certain period of time.
Comment: FKLI traded in sideway between two yellow trendlines highlighted. IF FKLI break below yellow trendlines, bearish flag will materialize. Traders may looks for selling opportunities. Our preference: IF FKLI break below yellow trendlines, bearish flag will materialize. Traders may looks for selling opportunities with targets at 1500 support level .
Comment: There is potential bearish flag in 1 hr chart. Once the bearish flag materialize immediate trend remains down Our preference: Short positions below 1525 with targets at 1500 support level . Alternative scenario: Above 1525 resistance level look for further upside with 1538 as target.
Comment: The immediate trend remains down with strong resistance zone at 1525. Our preference: Short positions below 1525 with targets at 1500 support level. Alternative scenario: Above 1525 resistance level look for further upside with 1538 as target.
If FKLI fail to break resistance zone 1525 will expose FKLI into downtrend with 1st support zone 1,500
this is number 293... after breaching below the strong 1550 support level, fkli july has been trading below it since...the recent move is...hovering below 1515 and reached low at 1500...1534 has to be breached to confirm a reversal...till then, still a sideway market with bear in charge...bull has lost its fight and not sure when it will return... IF you are keen...
KLCI future index price possible could have a retracement back to around 1570 at upper trend line of the channel ..
If ....KLCI Future Index Price could hold above 1500 by end of the year..possible forming an ending diagonal pattern at wave (C)(Cyan/light blue).. AND ..Probably will resuming its up trend toward above 2000
FKLI Daily Rst: 1,565 Spp: 1,532 The index is on the verge to break down from pennant formation, since this is the second round it fails to hold its support at MA200, the tendency to breaking down is high.
As "They" Said When US Future up, KLCI won't always follow.. BUT When US Future "drowning...."... KLCI will sing...l " I will follow You.....".. Maybe KLCI Next Major Support Could be around 1400
this is number 291... another advanced pattern discovered side-by-side to the earlier advanced pattern, bearish cypher pattern...this is a bullish bat pattern...\ entry level is the controversial 1550 ---super strong support, also the indicator of sideway or bear market...entry is possible at 1552, SL below 1545, 1st tp 1570...no 2nd tp...haha...not sure if it is...