Johnkiew

Johnkiew

Sep to Oct are seasonal weak months for crude oil prices due to maintenance season. Historically, oil price seen bearish in this month and next month. The previous selling again found support at 68.54 (61.8% of previous impulsive swing). The current price structure in correction zone 69.58 to 68.54. Price below 68.54 indicate trend reversal to down....

Johnkiew Updated 

Hang Seng did not went higher then 50% retracement stated in previous post. Quick selling seen in Monday open. The current price projection suggesting price to reach 26394 in the short term (300 points from now).

Johnkiew Updated 

The giant has awake last night with breakup two weeks range from confluence zone A with two fibonacci spirals overlapping 26050. The higher high setup will likely to bring YM1! to first target 26431 in the short term. Dow is not far from making historical new high, and that will see market approaching second target, trader please be cautious when price approaching...

Johnkiew

In Daily chart (left chart), current price did not breakup 1804, this suggest the market remain in correction zone while bias to the downside. The current rally will be reverse if price trade below 1793.5. With Dow trading near 1% below Friday 17:15, FKLI likely to open gap down. Stay Tune for price projection after first swing has formed. Trader please watch out...

Johnkiew Updated 

On yesterday post, crucial support 1767.5 have prove valid by price action, as rebound breakup correction zone 1776.5 to 1784, the rebound will be a stronger one. Price should approach 1789 to 1804 zone in short term. 1792 will be resistance.

Johnkiew Updated 

While bitcoin bearish sentiment remain here is the next projection and throwback projection on previous swings. The first swing projection from the high of 8506, down swing projection at 5937 (shown in red arrow), the actual low 5828 then price rebound. The second swing projection from the low of 5828, up swing projection at 7448.6 (shown in green arrow), the...

Johnkiew

Hang Seng reach a conservative projection target yesterday, it went higher to reach 10 golden ratio multiples (1.618^10) & 50% retracement level on the left. The rebound has not prove to be a reversal yet, as price did not go higher than correction zone 26990 & 27575, primary trend remain downtrend. Trader please trade with cautious as price will be volatile...

Johnkiew

In yesterday post, the projection target was 69.48, when price reached this target, the selling remain strong and approach the next target 68.38 last night. The second price target correctly measure the entire downswing (on the right chart). Also in the left chart, price rebound from major fibonacci level 68.54. Two different ways of projection found the same...

Johnkiew Updated 

FKLI correction come to crucial support level (see left chart arrows), trader please monitor this price level for clues of direction, below 1767.5 will see market continue selling to 1729.5 As higher timeframe suggest on the left side, the market trading in correction phase. If market rebound from 1767.5, the resistance to be see between 1776.5 to 1774. Price...

Johnkiew Updated 

Price hit yesterday projection with lower inventory data and hurricanes Florence threatens. Market retraced from high 71.25 after data released for half an hour. The current swing projection is target at 69.48.

Johnkiew

Hang Seng rebound from initial projection on post 5 Sep & 6 Sep 26431. The current rebound expect to reach 26773 to 27222 (see left chart). If price did not trade higher that this, the primary trend remain weak and no reversal indication yet. Trend trader can remain sideline as current swing is correction phase.

Johnkiew

Is this shares the next FAANG? Jack Ma has announced its retirement but the conglomerate giants is expect to remain high growth with ROE more than 20% since listing. The current trend have room on the downside with projection eyeing 129 per share. Opportunity for long term investors.

Johnkiew Updated 

FKLI have not moving our from range 1785 - 1796 since 5 Sep. In the daily chart, this price zone was crucial support at 61.8% of previous impulsive swing. In FBM KLCI chart, price did not breakaway the 61.8% (1794). Expecting FKLI to continue sideway until breakout from the range. While without higher high set up, the entire picture remain bearish.

Johnkiew Updated 

MPOB data to released on today noon. The survey data expecting rise in inventory. (See below survey data) The long holiday in Malaysia have not priced in 1.3% drop in soybean oil (BO1!), market is expecting to open down later. Price below 2262 suggesting price move in correction. FCPO formed a double top formation with target at 2255. FCPO support between 2263...

Johnkiew

in 5 Sep, the price projection have achieved and oil rallies to 70 with concern on hurricane Florence approaching US East Coast. (Read below article for further details.) On the daily chart, price reached low at 61.8%, which suggesting the oil primary up trend remain intact. The current up swing projection at 70.52 & 72.78. Trader please aware tonight EIA oil...

Johnkiew Updated 

Price reach spiral projection 27156 yesterday. While price remain below 27156, 26431 is the next projection target.

Johnkiew Updated 

Impulsive swing target 2337 remain in FCPO price projection as long as price above 2262. The latest MPOB Aug survey data suggesting increase in inventory with CIMB released the most bearish survey data. As long holiday ahead, and MPOB data to release at 12 Sep after holiday. The market is expect to be trading sideway. Bloomberg Poll Aug vs Jul MPOB: Prodn 1.65m...

Johnkiew Updated 

The selling remain with emerging market bearish sentiment remain. Trader please look for sell opportunity.