The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives opened lower today. At 9.27 am, the spot month April 2024 contract eased 1.5 points to 1,538.0 and May 2024 declined 1.0 points to 1,540.0. The June 2024 and September 2024 notes inched down 2.5 points each to 1,539.0 and 1,527.0, respectively. Turnover stood at 1,454 lots...
Fkli nearly breakout the key price point . If it success breakout next resistance will at the 1500
upside 1475, stop 1435, RSI & stochastic remain neutral and not overbought in weekly
KLCI on last "pull back" since 2014 down trend. What "Big Plan" after 12 August 2023 State Election?! KLCI currently at wave (c) (red) of expanding flat pattern (a)(b)(c)(red) = After completing wave (c). Price will down to 1300 +/-.
august will truly be a game changer? let see how
KLCI index is trending down to medium term cycle 2 (purple) and mid medium cycle 4 (white) which is due around Sept.
huge gap below. new resistant confirmed. sub 1100 level might come if global economy continues to be sluggish. worst scenario 900 levels.
UP, SL 1464.5 (Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
What happen? 25Dec, will the window dressing happen this year? Current trend still sideway, not yet break out the long term trend line Waiting DE to turn red 1st.... Bearish market this year....
This is an example of regression channel with harmonic pattern. By using Simple OHLC Custom Range Interactive, we able make confluence point (blue) to get Point X of Bullish Butterfly. There are many confluence points (orange flag and teal table), which shows Point D of Butterfly starting to complete. For Point D, best to monitor price changes using RSI or other...
$FKLI FKLI recovery map (2022-2024/26) Dec'22: Bounce continue post-GE mid'23: reclaim 1,598 end'23: reclaim 1,698 mid'24: retest 1,600 from 2023 peak mid'24-early'26: reclaim 1898... @ 2026, what's next? case A: Fed cont QE, ATH or new ATH on inflation case B: Dollar collapse, world plunge into abyss. thanks for reading my crystal ball analysis...
For TA I see the market will drop to reach strong support before making a big movement to continue the uptrend...The overall major trend is still Bullish ...Invalid analysis if breaks 1407
I still plan to sell FKLI...wait at next resistance
This area looks like strong resistance if I want to short back klci..
FKLI has complete the sequence to going up...will expect downtrend in the next week as market break the structure of market...
KLCI future Index aka FKLIi probably resuming its bearish trend anytime soon.
The price shown can go higher..target around 1456.5 till 1458.5(can find buy position till reach resistance area)...I expected will have a pullback when the price arrives at this resistance...just my view
Maybe price will reject when reach 1419.5 area..if price keep going up and break LH we can see strong bullish trend in making