FKLI WEE 48 2024: Retracement to continue.I don't think that we are done with the move downwards. I think there is still some room down and the retracement will continue towards Target 1 and if that level didn't hold then it is likely that the index will move towards 1540 (Target 2). Then depending on the price action, KLCI would probably try to make a move higher. For the week ahead, it is still bearish.
Klci
KLCI index probably start droppingg >10%. 8/August/24KLCI index price probably start dropping -12.41% +/- from this year high toward 1435 +/- for wave (2)(green) before heading toward 2200+/- by year 2026 AND 1435 +/- is a confluence zone of :- 1) Lower Support of trendline / Wedge pattern ( blue highlighted area ) 2) Pitchfork line Support 3) Monthly Demand Zone.
KLCI.Who/what made Malaysia's economic will boom again? 8/8/24KLCI / FBMKLCI index will hit reach ATH toward 2200 by 2026? What and who "make it" happen? Robberly it's the A.I, Chips sector. And what Make Malaysia as a "hub" of A.I Data Centre? Compare to STI (Singapore) and SET (Thailand) Chart. FBMKLCI chart almost identical! = It probably meant not because who was PM of Malaysia during 80s "making" Malaysia's GDP grow higher! It's "Cycle Trend/ circumstances?!!". AND. The "Cycle Trend/ Circumstances" was "created" by its millions of citizens! as "weather!" not just because 1 person! P/s. AND Most politicians are "good opportunist" they know how to "grab" the "cycle/Trend"!.
FKLI Week 32 2024: 1500 is on sight.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 retracement upwards before the market resumes its downward trend.
KLCIAnticipating a strong performance from the KLCI in the coming week, I'm gearing up for a long position. Recent market trends and positive economic indicators suggest a bullish momentum, presenting a prime opportunity for potential gains. As always, careful analysis and strategic entry points will be key. Stay tuned for detailed trade insights and let's navigate this promising market together.
KL:GDBAn affiliate company of Permodalan Nasional Bhd (PNB) has awarded GDB Holdings Bhd (KL:GDB) with a contract to develop a logistics center Shah Alam, valued at RM865.66 million, over three times its market capitalisation of RM304.54 million.
The news supports a story from The Edge Malaysia which cited sources and said that GDB was near to landing a sizable contract to construct a warehouse in Shah Alam, Selangor.
The construction company declared in a filing with Bursa Malaysia on Friday that Strategic Sonata Sdn Bhd had awarded it a letter of award for the building of Plot B of the logistics hub.
Strategic Sonata granted construction behemoth IJM Corp Bhd (KL: IJM) plot A of the logistics center, according to a separate filing.
KL:KABThe state-owned investment firm Permodalan Kedah Bhd (PKB) and Kinergy Advancement Bhd (KL:KAB) have signed a memorandum of understanding (MOU) to develop sustainable energy projects.
KAB stated that it will handle the technical aspects and leverage its energy industry experience, while PKB will find possible sites for renewable energy projects and help with authorisation duties such project licencing.
Among other things, it stated, the cooperation concentrates on the implementation of clean energy, renewable energy, energy-efficient solutions projects, and engineering works. Development of solar farms and waste-to-energy production are two examples of this.
FKLI Week 23 2024: Pullback to continue.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.
FKLI Week 22 2024: Pullback in the making?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.
KNUSFORD potential break up +30%Time Frame: 4H
Sentiment: Bullish
Risk reward 1:3
Entry 0.925
Last close at resistant level,
Bar price action and the volume, showing buyers' power increase.
if it can break the resistant level 0.97, expecting the next level reaching 1.3
I'm expecting this time will be a real breakout, cup and handle pattern.
Write your thought in the comment session :)
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Disclaimer
This information only serves as study references, does not constitute a buy or sell call.
MSFT headed previous swing highs?NASDAQ:MSFT pullback and consolidation seems to be over and breaking out to the upside. Targeting towards the previous swing highs around $385 area and possibly to a new all-time high after that? IF prices manage to breakthrough the previous swing highs. I'd say possibility is high.
These are my views and analysis and is only used for educational purposes. I am not a financial advisor.
Nothing in the information posted here is intended to be or should be interpreted as trading advice.
Why we don't use indicators?Many traders apply indicators for their analysis in their next trade.
However, indicators formulate with historical price movement to tell us what is happening right now. It is not so much of telling us what is going to happen.
The reason is simple, it is like economic policies, can manipulate the economy figure. But it doesn't tell us exactly the expectation of the market, such as big players or hot money flow.
If you are using bollinger band on HSI the past 1 week, you would have made huge losses. Because the indicators is just using the average of previous price to plot the possible oversold point.
HSI has been in the oversold 5 days including the moment we are posting here.
Therefore, it is less efficient in telling us what is happening right now. Which is very important for trader to know what is the current big players sentiment. Rather just based on what happened before that could affect the present.
What we eat few days back doesn't mean the output will be the same as what we had few days back. (unless is constipation)
TOPGLOV: Downtrend continues?Back when MYX:TOPGLOV was trading at RM7.29, I posted and idea of a downtrend forming. People laughed.
After a few more other update posts, it is now trading below the RM1 mark. Expecting prices to tumble further if it manages to break below RM0.81.
Denial does not make the stock rebound. Why not trade what we see instead of what we think?
Techbond broke resistant and pullback, good time to enter??Techbond Group Berhad, has recently Breaking Through Resistance Levels and Experiencing Pullbacks.
What is different this time around is that the volume is building up, which suggests that investors are becoming more interested in the stock. This can be seen as a positive sign, as a high volume of trading activity can indicate a strong demand for the stock, which may drive prices higher.
In addition, the Moving Average Convergence Divergence (MACD) is going higher, showing that buyer's interests are much higher than before. The MACD is a popular technical analysis tool used to gauge momentum, and its upward trend indicates that there is strong buying pressure in the market for Techbond's stock. This suggests that investors are optimistic about the company's future prospects, which could lead to further price appreciation.
Risk & Reward ratio : 1~2
Target Price : 0.525(+15%) , 0.595(+31%)
Stop Loss : 0.38(-15%)
It is recommended to set a target price and stop loss when making any investment decision. Based on the information provided, a target price of +30% is suggested for Techbond, which represents a potential upside from current levels. However, it is important to note that no investment is without risk, and a stop loss of 15% is recommended to limit potential losses in the event that the stock does not perform as expected.
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Disclaimer
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FBMKLCI 2023 OverviewThe S&P500 rose after the release of minutes from the Federal Reserve's most recent meeting, which revealed members were laser-focused on managing inflation even as they decided to delay their rate hike pace. Officials at the Fed's policy meeting on 2022 December 13-14 agreed that the US central bank should continue to raise the cost of credit to restrict the rate of price increases, but in a gradual manner to reduce the risks to economic development. Investors were pouring into the Fed's internal debates for hints about the central bank's future course. Following the meeting, Fed Chair Jerome Powell stated that additional raises were required, striking a more hawkish tone than markets had anticipated.
My POV on KLCI could traded as low as 1000.00. International trade could affected from strengthening in USD currency whereby hawkish in import/export prices.
BJFOOD pullbackBjfood, as by 5 jan 2023, price closing rm0.98 . No new catalysts, news, either booster. Lack of popularity, momentum low, many sign of weakness, upthrust 1 day ago.
However, the trend is still bullish. Price still above MA100 and MA200. Currently testing support at 0.98. If broken may test support @ 0.935.
Next quarter report expected on early February. Usually price will be reacting with the quarterly report.
Resistance 1 rm1.06, R2 rm1.09.
Fundamental of the company is good, revenue and profit boosted from main business especially from the Starbuck Coffe. Eps 7.49 , pe 13.09 , roe 27.64 .
Recommendation, wait for volume come either at support for buy on support or after breakout for buy on breakout. Support and resistance as shown above.
This article only for learning only and self opinion. no buy call. Please do your own research.
MYX:BJFOOD