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
Fkli1
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
a breakout frm the fklicurrent resistance : 1584
current support : 1560
the latest support level is broken, then the idea is to short the market when rebound...
of course, this is juz a trading idea...
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 economy is in deppression.The down trend predicted continue to slowing down due to OIl price crash, and the simulates of economy at this MCO are very weak. According to Prime Minister, the country losses about RM24 Billion a day. But the Perhatin Rakyat aid helping a little bit in this short time period economy.
Forecast the economy will be a sluggish economic growth. Due to a slow economy progression.
To Malaysian Traders, we can help the simulates of Malaysian economy with our trades and bring back the profits in our country. Together we help economy to grow back, develop where we can. .
FKLI - Short on potential Turning pointFKLI Apr2020
1) Failed to break the strong resistance line 1360 (Orange color Step line)
2) Down arrow arrow appear, have potential continue go down
3) Fibonacci Support 38.2%, 1293 and 50%, 1270
4) Cut Loss, above 1368
(Disclaimer: for demonstrate planned trade for education purpose only, not for recommend to buy or sell. Trade at your own risk & consult your future broker's representative before enter trade)
FKLI REVERSALThe bottom have been in.
We printed a higher low on daily time frame. Crucial 1600. If we break up we try to reach the yellow trend line.
FKLI Ride the UPTrendeven the market open today is gapping down but the candlestick is still close in bull candle.
try to ride the trend when there is the retracement.
can wait at the price 1710. need to wait for the price action for confirmation.
