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Fbmklci

Longest Bear market in history for FBMKLCI is about to be made.Bearish market until 2024? the trader is having no trouble making money in the bearish market but an investor who aims for long term investment is having trouble with this. EPF, Tabung Haji and ASB earning will be lower each year in this coming few years. I wish I could be wrong about this as our Rakyat will suffer more than ever but they don't know why. Everyday is a struggle. Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Buy at your own risk.
FTSEMYX:FBMKLCIShort
by Pelabur_Bijak
1
{SWC} FBM KLCI/Malaysia 30, Closing Bell (real) 14th Apr 2020 Thank you for your continued support! :) FTSE Bursa Malaysia KLCI closed higher 15.63 points at 1.15% today. I just noticed the previous idea was titled wrongly because I referenced my PC's time at midnight. Asian indices were generally in the green today as China released better than expected trade data. The FBM KLCI staged a breakout at the 1360 region short term resistance and pressed onward to the 1370 region of resistance. As this was recent high on 9th Apr (1371), some volatility is expected from potential profit taking. The KLCI retraced a few points but managed to close just barely above 1371 for a technical breakout. For reference, the high on 13th March was 1369. Bullish targets for the short term include 1383 and 1403. The 1402-1404 region should be more important given it is the junction of both hourly and 15 minutes Fibonacci extensions. For the medium term, the region around low of 12th March confluences with the MA on daily chart making 1420 a key potential resistance to take note. Short term support remains at the 1353 region, while the key Fibonacci levels between 1371 and 1353 have potential for forming new supports. 1317 still stands as the more medium term support region. Stay safe, everyone :)
FTSEMYX:FBMKLCI
by ShareWorldConsulting
{SWC} FBM KLCI/Malaysia 30, Closing Bell 14th Apr 2020Thank 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, leaving a long lower shadow on the candle. On the 15 minutes chart, we further project a series of intraday fibonacci key levels and found that the 38% at 1359.78 was putting up some resistance as the KLCI tried to move higher in the afternon. Will the 1350-1353 support hold next time? Stay safe, everyone :)
FTSEMYX:FBMKLCI
by ShareWorldConsulting
{SWC} FBM KLCI/Malaysia 30, Closing Bell 10th Apr 2020Thank 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 dramatic as the last. The KLCI would continue the extremely bearish breakout until it found willing buyers on the 17'Mar, dangerously sustaining above 1200. A technical rebound was expected, but the unexpected magnitude of the 6.85% u-turn would send the bears routing. The continuation of that 83 points reversal would lead FBMKLCI to challenge the downward sloping short term moving average. For a while, KLCI would consolidate a new support on the 1317 region. Taking a more granular look of KLCI's performance through the recent hourly chart, the main index has staged an offensive into the gap of that same Friday the 13th. Pulling their punches, investors didn't want to overextend their risk approaching the week's close, preferring to take profits. The concern is understandable as the new round of OPEC+ virtual meeting is beginning on the global stage, while awaiting news on the possibility of Movement Control Order (MCO) extension in the local scene. Adding into the mix, the HK and US markets are closed for Good Friday, brewing more uncertainty for price reference to the big boys. Come Friday, the MCO extension was more or less expected, so the bulls aren't willing to give up much ground, having settled to camp around the price range of 1350 to 1353 - the previous high and 38% retracement. Cautious but optimistic, investors and traders await further news to develop through the weekend. Stay safe, everyone :)
FTSEMYX:FBMKLCI
by ShareWorldConsulting
FBMKLCI Uncertainties Continue in 20202018 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 not seen in Bursa Malaysia. The main reasons include political uncertainties, weak ringgit and poor corporate earnings. As for 2020, we think the challenges are likely to continue as the US-China trade war is unlikely to see immediate solution. For foreign investors to return, ringgit will have to continue to maintain its recent strength and we must see improvement in political commitment to grow our economy. In the absence of these, we will have to rely on stock picking to make alpha return for 2020. Despite the impact of US-China trade war, the US market climbed to new high with Dow Jones Industrial Index surged 20.3% for the first eleven months this year. This is largely due to the 3 times cut in Fed Fund rate. US-China trade war seems to have a mild impact on both economies. This is evidenced in the drop in the GDP growth with the US GDP growth fell from 3.2% in 2Q 2018 to 2.1% in 3Q2019 while the China economic growth contracted from 6.7% to 6.0% over the same period. 2019 is definitely a disappointing year for the Malaysian equity market as the FBMKLCI Index (KLCI), which is the popular benchmark used among the foreign and local institutions for the 30 big-cap stocks fell by 7.6% as at November 2019. Leading the losses were banking stocks that have heavy weighting in the index. Hence, the local bourse is probably one of the worse performing markets in the world in 2019. Persistence selling by foreign funds weighed down on some of the big-cap stocks. For the first eleven months of 2019 foreign funds sold net RM9.9bn worth of Malaysian shares and this is slightly less than the net sales of RM11.5bn in 2018. The weak ringgit which normally deters the inflow of foreign funds, however, did not stop them from buying more of Malaysian bonds. For the first eleven months this year, foreign investors bought RM11.7bn worth of our bonds although they disposed of a substantial RM21.9bn a year ago. Despite the poor showing of the KLCI, there are stocks that did well especially those mid-and small-cap stocks under the construction and technology sectors. Our right selection of some of these stocks enabled us to show strong recovery for our portfolio performance. We believe next year will be another challenging year as the impact of US-China trade war will continue to create more market volatilities. We have to be mindful of a possible US recession if US yield curve flattens again. On a positive note, November will be the 59th quadrennial US Presidential Election and historically the US stock markets performed well during election year.
FTSEMYX:FBMKLCI
by TheOfficialAdli
Malaysia Stock Market FBMKLCI "Asian Tiger" a Long Journey to goThe 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 wards the Malaysia FBMKLCI definitely need to follow suit by having its recovery from its lowest 1, 626 towards its highest 1,732 in the month of February 2019. In the month of February 2019 the FBMKLCI hits its crucial resistant which is the (red line) and since then the index retraced from that high towards 1,664 in the month of March 2019. The Malaysia FBMKLCI continues to maintain in its Long Term Downtrend scenario unless 2 key level of resistant have been achieved in the near term: 1) 1,700 psychological resistant level 2) 1,760 crucial point of resistant level Once these 2 level of resistant have been achieved the Malaysia will then only be on its right track moving towards "Asian Tiger" journey which is now far to be seen yet. The Malaysia FBMKLCI Downside risk level: 1) 1,626 the immediate support level. Index performance does not guarantee your portfolio of stocks performance. Stocks will have their own individual performance. Views shared on the FBMKLCI does not recommend a buy/sell on the general KLSE stocks decision
FTSEMYX:FBMKLCILong
by The_3_Lines_Trader_TFM
NOVAMSC (0026) a Price Breakout into Long Term Uptrend Pending.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 actions should be taken seriously unless the person reading this has done his/her part of analysis at their own free will.
MYX:NOVAMSCLong
by The_3_Lines_Trader_TFM