The ONLY path after banning short selling is FLY Hi!Securities Commission (SC) of Malaysia, which has banned short selling on Bursa Malaysia, has further extended its date from June 30 to Dec 31, 2020
Fkli
finally, a breakout...fcpo finally gave a breakout on last friday, breaking through the immediate resistance frm 2400-2420...uptrend continues
resistance : 2470
next level resistance : 2580- 2600
support level : 2440
lower support level : 2400 - 2420
pls give a like and follows, thx
KLCI Future shortterm waves updated 18 June 2020Detail @ The Chart. p/s Inside any impulsive, there is ONLY abc waves not 1,2,3,4,5 waves.....
checking the trend using MA linenormally, I dun use indicator as buying or selling signal...juz use them as tools to check trend...try this one, Moving Average-200 day for checking fkli daily chart...SMA works better, but this one juz fine...
EMA normally goes with lower timeframe....
leave me a message if I were wrong...
look like the bull and bear are still playing "tug-of-war" between them...1514 is the immediate support level where the SMA-200 falls into...
sideway tradingsideway since 3rd June 2020...market more bias to trending to the downside, but as long as the competition of bull and bear has not shown any edge over the other, sideway market will continue...
resistance level : 2380 -2420
support level : 2300 -2320
if you trade trend, this is the time you "die"...either by the untrending pattern or because of boredom...
a trading method called "2618" fkli"2618" means 2 tops or double tops, then follow by retracement back to 618...then usually a downtrend...
of course, this is juz a trading idea, no indication of buying or selling...
strong resistance : 1584-1600
current resistance : 1560
current support : 1500-1520
head and shoulder pattern in fcpo possible formation of "head-and-shoulder" pattern in fcpo hourly chart...
resistance : 2400 - 2420
support : 2300
lower support level : 2200
fcpo possible reversal or formation of the "head"current resistance : 2400-2420
current support : 2300
lower support level : 2200
the price might come to a reversal region...
KLCI will make history high again! Before having>50% discount!Expanding Ending Diagonal Pattern. Detail @ The Chart. p/s Inside any Impulsive there is only abc subways
The "marubozu" Candlestick is roaring..Overall momentum remains strong, underpinned by “marubozu” candlestick pattern. Expected the index will test the psychological resistance in the near term.
Due to Malaysia Government is struggling to fight back the economy, in Q3 is seen a little bit of hope to recover back for a short period.
simple bracketing market again...FCPO active month
current resistance : 2300
current support : 2250
strong support : 2200-2210
waiting for a breakout
this is a trading journal, not recommendation of buying or selling
fcpo trading
FKLI - Hovering at Key HurdleFKLI - Bullish engulfing candlestick formation, with indicators continue to rally. But resistance is clear at middle BB, this level is crucial to define index next direction.
FKLI - Unfortunate BullFKLI
Trend: Tech rebound
Rst: 1,320
Spp: 1,300/ 1,275
Strong technical rebound which we see 4H candle pierced through middle BB, but unfortunately this may be brought down again next Monday by weaker US and European market last night. Big direction - still pointing to south.
FKLI - No Trustable Support NowFKLI
Trend: Bearish
Rst: 1,240
Spp: 1,205
Bearish candle formed below lower BB, still way weak and dominated by bear. Any chance the index rebound, grab the chance to short.
FKLI - Bullish BatFKLI has fallen over 423 points (16th Apr 2018 - 24th Feb 2020)
A bullish bat pattern formed at 1524.00
Currently the price is hover in the PRZ Zone & there is a lower gap between 1515 - 1503. We are waiting for the price moving back upwards and above 1524 then we could looking for a high probability long trade.
PRZ: 1524.00
SL: 1421.5
TP1: 1666.00
TP2: 1753.5
Ideally looking for RSI bounce back out of the oversold zone and climbing towards the PRZ.
FKLI - All Way DownFKLI
Trend: Bearish
Rst: 1,500
Spp: 1,468
Technically in recession as our index plunges more than 20% from its peak over extended period of time.
Current progress - weekly chart telling the index has arrived Fibo Retracement 61.8%, if it fails to grip its support here, next will be 50%.
FKLI - Sign of Further Technical ReboundFKLI
Trend: Tech rebound
Rst: 1,552
Spp: 1,535
4-hour chart indicates the index has tendency to cast further technical rebound after the emergence of long bullish engulfing candle plus bullish MACD crossover.
FKLI (Weekly Chart) - Bearishness PersistsFKLI
Trend: Bearish
Rst: 1,535
Spp: 1,515
Since our index has fallen like nobody business, we have to turn our view into broader one - weekly chart. This week candle formed at lower BB, means further downside cannot be escaped next week. MACD casting bearish crossover as well, more downside.
FKLI - Juggling At Formidable Resistance LevelFKLI
Trend: Semi-bull
Rst: MA200
Spp: 1,600
Green candle pushed the index to retest formidable resistance at MA200 again but the challenge hits snag. Require to break through from this level to welcome more upside.
