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Fkli

FKLI TRADING : 331) when fundamental clashes with technical...this is number 331... As a summary of what had happened in the full-month JUly, the first half was similar to fcpo, which was a downtrend frm 1460 to 1412.50. Then it started to rebound and hit 1480 first, retraced back to 1460 before hitting higher and yesterday reaching 1500 resistance. Technically speaking, fkli-July has shown series of movement which created NSH-HL-NSH which indicated that the trend had reversed into uptrend. Hence, going into August we should aim for "long on retracement"...look for support at 1480 and 1460 and any signs for rebound frm thr like Double-Bttm or stalled bar candles at very tight range... However, the fundamental speaks differently. With Nancy Pelosi current visit to Taiwan, thr was fear of retaliation action frm the Communist friend(btw, if you dunno who is Pelosi, search google). Everybody is holding their breath right now. Are we at the brink of WW3? nobd is sure of that. Hopefully not. SO, follow up with what is going to happen with the visit and for Malaysia's own news, wait for announcement of General Election or interest rate hike. Fkli is very sensitive to news-event, therefore fundamental such as news and any major events might trigger some selling/buying pressure. When the so-called "bad-news'" has subsided, I would choose on "buy on dip". higher resistance : 1520-1530 resistance : 1500 immediate support : 1480 lower support/ : 1460 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MYX:FKLI1!
by HAIDOJO_trading
FKLI TRADING : 329) downtrend is likely persiststhis is number 329... First of all, we have broken below the critical support of 1480 and the latest low was at 1415. Basically, it is in full downtrend mode right now. As the bad news was sent out yesterday, when BNM announced its hike in OPR to 25 basis, adding frm 2% to 2.25% interest rate for overnight OPR, this sent shockwave to the entire investing/trading community in Malaysia, and today we could see some mild rebound as the market has relieved and fkli-july is heading a rebound. As the over-head resistance ranging frm 1440-1464 is not broken, we expect the fkli-july will make some struggle within this region, slowing down, and compromise to the bear and rollover. Even if price successfully make it abv the recent 1465-high, it is still possible that it is a false breakout, as fkli is news-related and I had "kena"/(had been played) already last month. Temporary support is at 1412.50 and lower support at 1360, a level which was never seen since "the great fall" in March 2020. The critical 1480-1450 support level was also broken and this level is only seen in Nov-20, some 2 years ago. For the fundamental part, wait for the announcement of possible next GE election. That is the only mild spurt of gud news that temporarily we could have expected. With the parties desperately trying to hang on to their power poles, it is expected some kind of "lift-ups" or "window-dressing" will be carried out before the next General Election/GE. Again, dun expect much, as the whole world's economy is deteriorating, one alone couldn't fight the trend that sweeping the whole globe right now. If you have some stocks which you seek to sell off before the worst to come, it could be done during the time after announcement of GE but it is definitely not a gud timing to "buy and hold" strategy. juz my pity 2-cents opinion. Another round of selling is expected to happen in September as it is expected that BNM might increase the interest rate again during that time. See which one happen first? the rate hike or the announcement of GE election? higher resistance : 1480 resistance : 1450-1465 immediate support : 1412.50 lower support/ : 1360 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MYX:FKLI1!Short
by HAIDOJO_trading
Bullish Pennant on FKLI Bullish pennants are continuation chart patterns formed after strong moves and appear in a bullish market. Just like its name suggests, it signals that bulls (buy side) are about to go a-chargin’ again. Because of this, the price usually consolidates and forms a tiny symmetrical triangle, which is called a pennant. The sharp climb in price would resume after that brief period of consolidation when bulls gather enough energy to take the price higher again. outlook: the price will made another strong move upwards after the breakout. Entry order and position to take Long order (buy) above the pennant Profit target can be set above the breakout of the pennant based on the size of the first flagpole at the beginning of the formation. Protective Stop loss At the bottom of the pennant
MYX:FKLI1!Long
by SirPoji
FKLI TRADING : 324) sideway : a sliding down downtrendthis is number 324... It has been downtrend since 5th May 2022, from the top 1612 and now waiting for the news frm 9th May 2022. War-infested regions might escalate or stop after today. now, waiting for 1540 to see whether it is the reversal point or slide lower. Overall, fkli is still in sideway. We are still looking at the bottomline at 1480, the lowest current low and the 1612, the closest high. Once these boundaries are broken, then we might have uptrend or downtrend but as long as we are still within these range, fkli is still locked within these walls. So, not much strategies on consolidation market, but counter-trend is probably the best strategy now. resistance : 1600-1612 support : 1570-1578 support : 1547 critical support : 1480 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MYX:FKLI1!Short
by HAIDOJO_trading
FKLI TRADING : 322) sideway : boring yet dangerousthis is number 322... Today is 4th Apr 2022, and fkli-Apr22 is in a short-term uptrend since 8/9th March22 when it hit the bottom at 1518-1526 support. After potentially having a LH (Lower-High) on 1st April 2022 and a ISL(Initial Structure Low) on 29th March22, it is more likely that the price will go downhill after this. In order to reverse this, price have to move and break abv 1612 and stay abv it...until then, still downtrend. Daily chart has been sideway ever since June 2020. The huge range now is ranging frm 1480 -1612. 1480 is proved to be a critical support level and below this level are 1413 and 1360 levels which are not commonly seen unless there are some real unusual and bad situation. As for the fundamental part, watch closely to what is happening to the northern countries and war-infested regions. Hopefully it will stop at one point and don't go further into a worldwide issue. You know what I mean, World Web 3. As for the local, watch out for announcement of GE15 (General Election), as it will stir up the market a little. I am betting our dear Price Manager will do whatever he can to stay in power and delaying the GE into yr 2023. resistance : 1600-1612 support : 1570-1578 critical support : 1480 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MYX:FKLI1!
by HAIDOJO_trading
FKLI TRADING : 320) technical rebound?this is number 320... Today is 25th Feb 2022, and fkli-feb22 is in uptrend ever since the beginning of the month. The huge bullish bat pattern is no longer valid as the leg A is violated. After a break of bad news yesterday, today we could see a fast and furious recovery up to 30pts today. However, whether this recovery is real or is it just a spark or technical rebound is still unknown. As for the fundamental part, follow dearly the sequence of events in the Northern and war-infested territory. If there is no worse events popping out all of the sudden, then yesterday could be a good entry timing for stocks. If the war deteriorates, then we might get the second or N'th waves of shock from the war-infested region. As for Malaysia, now the new numbers for positive covid-19 has risen to new high but authority seeks no further of lockdown or similar action so basically it is justified and no longer bothering the fkli price. (?) Technical range and resistance level we are looking at 1600-1612 as the resistance level and support are at 1566-1570. Next level of support is at 1547, then 1516... resistance : 1600-1612 support : 1566-1570 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MYX:FKLI1!Short
by HAIDOJO_trading
2
FKLI TRADING : 313) turn over a new leaf/trend? this is number 313... Today is 28th Dec 2021, and fkli-dec is in uptrend. However, it is unsure the direction of the trend will resume in the new year 2022 as this might be a window-dressing activities? As for me, I trade what I see so "buy on retracement" is the winning strategies now. Don't get involved juz bcox u wanto get involved or make some money. The sequence should be like this : 1) learn some new tricks on trading plan/strategies 2) do some testing on historical data first bcox anyone can claim anythg on the internet nowadays. You wanto know the validity of the plans/strategies 3) apply the correct risk reward/ money mgm on the strategies/plans 4) take out very little money to try on the strategy/plan 5) if you survive more than 3 months with positive outcomes without position-sizing, then it is worth studying at. If u can last one year with positive outcome is even better. 6) If it doesn't work, repeat. then some ppl might ask " whr is the place for the psychology?" my very subjective answer is " the psychology comes after u did the trading plan/trading strategies + money mgm + testing correctly". Yes, u hear me right. With juz a gud attitude and mentality would not guarantee u will win a war. U still need "weapons" and "armors" to win a war. Those strategies and back-testing are your weapons and armors. higher resistance : 1577-1600 resistance : 1545 support : 1480-1518 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MYX:FKLI1!Long
by HAIDOJO_trading