Thank you for your continued support! :) This Monday, the FBM KLCI main index closed 0.11% or 1.47 points lower. HKEX is closed for Easter Monday, and the US markets don't open until at night XD. Overall, KLCI was in sideway movement today. The bears teased the 1350-1353 region, but a quick support was found as the KLCI touched today's lowest point at 1352.78,...
Detail @ The chart. Thank you
Thank you for your continued support! :) On the daily chart, the Footsie Bursa Malaysia main index had be sliding lower steadily until the fateful Friday the 13th in March where all hell broke loose, losing as much as 7% at the day's low. The result: a monster gap of some 45 points. Talk about a black friday! The development of the following week would come as...
2018 was a terrible year where almost all the global bourses plunged sharply due to the US-led trade wars against China and several other countries. The Malaysian market too has a double whammy following the surprise change of government for the first time since Merdeka day. Year-to-date, most markets recorded fairly good rebound. Unfortunately, the recovery was...
Pullback around : RM 9.00 Targeted Area at : RM 9.50
FBMKLCI is showing a possible double top pattern. The black trend line is the strong support. Better to take caution.
The Malaysia FBMKLCI entered into a Long Term Downtrend since last year 2018 in the month of September the index formed a Deathly Crossover of the 3 lines applied. Since then the index had it's momentum hammered all the way downward from 1,826 to 1.626 lowest in the month of December 2018. As the global market starts to recover entering into the Year 2019 on...
KLCI now settle down to support and creating the double bottom. If this support can hold, expected KLCI will go higher this week and test the previous high trend. If KLCI can break up the trend and will continue bullish for this month
Kindly click FOLLOW to receive more updates. Kindly click LIKE to receive more updates. NOVAMSC (0026) A Price Breakout into long term uptrend pending. A close above RM0.130 and maintain above this level will keep this stock in its upward momentum in the long run. **IMPORTANT** Ideas shared are merely just for analysis and studies. No buy or sell call...
Possible head and Shoulder in the making. There is a strong support at 1600 area
Laburlah Technical Coverage (22-MAY, Wednesday): FBMKLCI Technical Analysis Breakdown 1. Trend: Stagnant 2. RSI & Stochastic: Sign of weakening 3. MACD: Still weak 4. Resistance level: 1868 5. Support level: 1798 Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis before making...
Laburlah Technical Coverage (23-APR, Monday): FBMKLCI Technical Analysis Breakdown 1. Trend: Cup & Handle breakout/ bullish 2. RSI & Stochastic: Bullish 3. MACD: Bullish 4. Support level: 1888 5. Bollinger band: Widening Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis...
Laburlah's Daily Complimentary (28-MAR, Wednesday): FBMKLCI Technical Analysis Breakdown 1. Trend: Still bullish 2. Chart formation: Cup & Handle/ bullish 3. RSI & Stochastic: Bullish 4. Bollinger band: Widening upward 5. Risk: Jittery US market sentiments Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant...