Yesterday, FKLI nearly reached 1500 points due to a significant sell-off, similar to other markets. In the short term, there might be some reactionary buying, but a further decline is expected. I anticipate the price will eventually drop to 1500 points before consolidating to determine the next move, whether lower or higher. Currently, we can expect a brief...
There was no follow-through on the bearish outlook from last week. Instead, the index increased after the market opened on Tuesday. Following this, the index entered a consolidation period. Moving into next week, it appears that the bulls remain in control. The index is expected to push higher, targeting the 1637 area.
KLCI is expected to continue lower as it remains under pressure at the current level. An attempt to push higher on Friday failed, resulting in a bearish key reversal. A drop to the 1587 level is possible. If this level doesn't hold, the next target would be 1565.
Last week, the KLCI appeared to hold within the 1620-1618 range. However, a bearish candle on Friday and an overall weekly bearish key reversal candle are concerning. Ideally, we hope to see the index bounce higher to the 1625 level before potentially declining further, first towards Friday’s close and then even lower to the 1608 level.
Technically at the current level KLCI looks heavy. If price cannot hold above 1615 then a bigger retracement is expected towards 1585 to 1571 support area.
Fkli nearly breakout the key price point . If it success breakout next resistance will at the 1500
Long KLCI @ 1408 +/- on around March/April. Probably last “chance” to “accumulate” blue “cheap/chips” stocks! But probably not Banking Stocks.
$FKLI FKLI recovery map (2022-2024/26) Dec'22: Bounce continue post-GE mid'23: reclaim 1,598 end'23: reclaim 1,698 mid'24: retest 1,600 from 2023 peak mid'24-early'26: reclaim 1898... @ 2026, what's next? case A: Fed cont QE, ATH or new ATH on inflation case B: Dollar collapse, world plunge into abyss. thanks for reading my crystal ball analysis...
FMBKLCI’s “seem” like forming a triangle pattern in supercycle wave (b) (yellow). Price seem like contracting before “exploring” to upside “ONLY” after 2027..P/s.. it seem like most Index. E.g US, Asian point to year 2025, 2035..
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...
KLCI “based” on its cycle analysis. KLCI is still forming its expanding flat pattern in (A)(B)(C)(cyan) in wave 2 ( Red Circled) which probably ONLY completed by end of 2022 as long term cycle 8 (purple) alway reached near by the red vertical line. (Year end).
this 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...
KLCI Finally break below 1500 and reached 1490 as last wave e or last leg of bullish triangle as previous ideas. But “maybe” still having some “space” for downside until around 1480? As its “big brother” composed “stock” which is Tenaga still waits to break RM8.570 before “bottoming”?..
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...
this 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...
KLCI Index seem like still on its last leg to complete wave E ( Red Circled ) of a triangle /diamond pattern..Where price could reach at around 1490
this 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...
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...