resumes frm 21), fkli-feb did the exact opposite of my expectation! On my titled "reverse-to-bullish", it didn't reversed to bullish at all! But what had happened was it formed some kinda "head" at 1591, then trapped in tight range frm 1581-1585, then rollover all the way down. Price formed lower-low at 1560++, then shoot all the way up to...1591!
At the end of February, last-day pull-up oso did not happen. Some of the stocks gave out disappointing quarter results such as Genting, Genm, etc...MOst probably this was one of the reason for the sudden fall. More bad news to come? Well, we have to wait for US then. One of the thing to look out was this current support level,1537-1540, which was a strong critical area bcox it was tested multiple times in the past.
-IF no more bad news and this support level hold, THEN fkli-march might test back 1565-1585 level.
- IF the bear is strong, THEN lower level of support range frm 1500-1510.
-IF bull is trying to reverse the trend, THEN it has to fight back higher than 1565-1585 level, reaching the closest high frm 1600-1605. I am not ashamed if my prediction is wrong because this is part and parcel of trading. IF I am right, THEN I go for it. IF I am wrong, THEN cutloss. Simple.
GUd luck and gud hunting.
PLS remember, I am not a guru and this is not a signal service provider. THIS is mere for fun.
#tradersupporttrader #FCPO #FKLI #futurestrader #cpop #malaysiatrader #bursa #BursaMalaysia
Disclaimer : "I am not a guru and I am working hard to make profit same as everyone else. This is not a recommendation of buy or sell, just a mere idea of trading and trading journal. Please consult your financial advisor for any thought of buying or selling. Trade at your own risk."
At the end of February, last-day pull-up oso did not happen. Some of the stocks gave out disappointing quarter results such as Genting, Genm, etc...MOst probably this was one of the reason for the sudden fall. More bad news to come? Well, we have to wait for US then. One of the thing to look out was this current support level,1537-1540, which was a strong critical area bcox it was tested multiple times in the past.
-IF no more bad news and this support level hold, THEN fkli-march might test back 1565-1585 level.
- IF the bear is strong, THEN lower level of support range frm 1500-1510.
-IF bull is trying to reverse the trend, THEN it has to fight back higher than 1565-1585 level, reaching the closest high frm 1600-1605. I am not ashamed if my prediction is wrong because this is part and parcel of trading. IF I am right, THEN I go for it. IF I am wrong, THEN cutloss. Simple.
GUd luck and gud hunting.
PLS remember, I am not a guru and this is not a signal service provider. THIS is mere for fun.
#tradersupporttrader #FCPO #FKLI #futurestrader #cpop #malaysiatrader #bursa #BursaMalaysia
Disclaimer : "I am not a guru and I am working hard to make profit same as everyone else. This is not a recommendation of buy or sell, just a mere idea of trading and trading journal. Please consult your financial advisor for any thought of buying or selling. Trade at your own risk."
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.