Fbmklci
FBMKLCI IS HEADING HIGHERFBMKLCI is going higher in line with the other world's market. Next resistant is at 1861 and should this level hold, the price will go much higher.
Malaysia FBMKLCI (Weakness Remain)FBMKLCI
- A current long term downtrend formation trend but remain sideways pending for price action to trigger a confirmation on its downtrend movement.
- Sideways crucial support to take note. A break down will trigger a downward movement on the index bringing sentiment down along especially the blue chips.
- A recovery back above its Long term and Mid Term trend line is a need.
- Subjected to its sideways resistant to take note in the long run.
OPENSYSVolume is still in, starting of a rally, now, shall wait for structure to test support, before going higher. Up until now, no big sell-off yet.
Things could go wrong if :
(i) Political interference
(ii) Other systemic factors
(iii) Huge dump of shares
HLTShall test support and rebound higher, but do aware of political uncertainties, precedence in on March, nightmare. Make sure to set your stop losses.
FBMKLCI Looking for Bearish ProjectionThe market is still in correction mode in TF Weekly. Instability in Politics will drive the situation worse. Wave 5 will make move after Wave B running FTSEMYX:FBMKLCI
BPLANT ( SWING )Currently on Phase E wyckoff cycle, doing rally, with solid 15 min/1h structure, volume is still decent, good for long and swing .
Could go wrong if
* big volume of dumping
*Political uncertainty
*Others systemic factors
RSAWITGOOD FOR SWING.
Just went through valid spring, still in Phase C (Wyckoff), volume is still decent.
