KLCI future index price movement seem still in ranging stage where its "diamond / triangle " shape haven't formed yet for its to "Shine"?!!!
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...
Please like , share and comments , thank you!...Our "progression" are build on "constructive criticism".. Trade what we "see" not our expectation due to bias
Follow 3 steps to do entry 1. 1st breakout done 2. Retracement done 3. 2nd breakout and heading to the sky Happy holiday traders.. cheers~
KLCI finally waiting for the Speed Z-factor = delta y / delta x ...to "move " price upward.... 1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves...
KLCI's cycle based on Moon Phase - Most human body (≈60%) AND Earth Surface (≈70%) is water... "our brain which "control" our "mind/thinking" Consist of "80–85%.. AND Finally Our Ocean Tides/ Waves - Cause by Moon's Gravity.... 1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor (...
this is number 310... Today is 2nd Dec 2021, and fkli-dec is in downtrend. After consolidation phase, now fkli-dec is in full downtrend. It dropped below the 1512 supports and and stopped at 1497 yesterday. Today, a gap down and possible rebound frm 1481.5 support. It has to break abv 1525 previous lower-high before confirming a reversal. The next level is at...
Follow 3 steps for entry 1. 1st breakout done 2. Retracement 3. 2nd breakout and heading back to the earth ready to back now? let's go, traders!
Follow 3 steps to entry 1. 1st breakout 2. retracement 61.8% 3. 2nd breakout let's wait for PROFIT ! it's all about elliott waves analysis Cheers~~
this is number 309... Today is 19th Nov 2021, and fkli-nov is still in sideway. Sideway market is neither a bull nor a bear, but is more like a "buffalo", it is heavy and not moving. This is the typical movement in sideway market. Static. Fkli-nov shares almost the same fate as fcpo-feb, which both are in consolidation phase. As the saying goes, "consolidation...
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
this is number 307... the trend has reversed since 22nd OCt 2021. It has broken below the previous "higher-low" candlestick and therefore has reversed the trend. SO now, the most practical trading strategy would be "short on rebound" until the change of the trend. After the short while of rebound, the market has shown "exhaustion" and now even daily chart is...
Malaysia slumped despite US markets gains as the proposed one-off prosperity tax and weighed market sentiment. However, the valuation of the local market remained attractive despite the Prosperity Tax compared to regional peers. Market hit day low at 1523.5 and reached on the Major support level at 1520. Stochastic level near to Oversold level at 30.00. Pending...
Profit taking activities and market lack of catalyst led market lower ahead of the announcement of Malaysia Budget 2022 by 29 Oct 2021. Stochastic shows buying forces deteriorating. Maintain short term correction view with immediate support level at 1550 and next support level at 1520. Market may rebound after tomorrow announcement. We shall see market resume...
Market in muted mode, traders tend to stay sideline or reducing position in hand before announcement of Malaysia Budget 2022, by this Friday. Stochastic shows market strength deteriorating, signalling stronger in selling force. In short, market bullish view with immediate support at 1550, followed by 1520.
MYX:FKLI1! could be headed for another round to the upside IF it manages to break above 1606. Keeping stops tight at 1602.5 with a target area of 1618. Good luck.
Both Current KLCI index Price Dynamic Time Cycle No. 6 (cyan) AND Static Time Cycle (Red)(Dashed Curved Line) is pointing south.. Where the average low of the cycle will be due after 19 Nov 2021...
After recent rallied with the strength in plantation stocks and banking industries served support, market somehow touched on the resistance level at 1600-1620. Profit taking activities likely to step in, with nearest support level at 1550-1565. MACD showed divergence too. Who holding long position please take note, as market may have small correction after...