UTILITIES trade ideas

Aizudeen

the index winner for klci can see technology outperforms others health and energy , underperforms overall index

zhafrihandsome

Hi there. This is what I have found for Utilities Index Bursa Malaysia. Apparently, from the longer term TF indicates the price is moving in the sideways direction. 1. On the left chart (Medium Term), what i found is the bearish butterfly pattern which told us the reversal sign of pattern might be happening once reached the fibo extension level of 127% 2. On the...

JeremyTee_ws

Utilities, what could be the news to boost the index price toward 985 resistance? But confirm its has found the support at 929. When you know how to read the chart, you smell news before news. #JeremyTrendingStock

JeremyTee_ws

Interesting. Logi formed meaning sector index been support above this support line. Can it be another cycle back to 985 line?

ZaidZuki

Seem like at the right area/zone to buy on deep. Done retracement on level 61.8 fibo. 3-3-5 formation already completed on 02.02.2021 - 03.02.2021. Buy with risk of SL at 5%-10%

JeremyTee_ws

Index supported back above its support line. If next week able to uphold this support line, next resistant will be 985 again.

JeremyTee_ws

Thought will rebound from support line but at the end fall off too. Not looking good at this stage if Tuesday cannot climb back support line.

JeremyTee_ws

Moving up and down just like cyclic pattern. Now looks like it is going downward again. We try ignore this sector at this moment till it reach 929 support line.

KLSE11Batch

Please combines several forms of technical analysis to determine the right edge and potential points for entering and exiting trades, as well as controlling risk. Good luck !!