Klci
KLCI - Hovering at a critical levelKLCI index have a low beta compare to other indexes in the world, as negative sentiment affecting the world markets might not be as impactful to KLCI but do note that KLCI is a critical level, anything below 1572 we will likely go back to find support at 1500.
Recommendations:
- Reduce the number of stocks in your portfoilio until we see some buying back in the market
- Secure profits if you have to
- If you have to, be selective of the stocks you choose, such as industries and trend
FKLI encounter mid-point resistance level.Today FKLI's buyers start slowing down at mid-point resistance level (1651 level) .
If buyers failed to breakthrough 1651 resistance level, we could see price retrace to 1635 level.
DISCLAIMER: ABOVE ARE BASED ON MY OWN ANALYSIS, IT'S NOT A BUY/SELL CALL AND DOES NOT CONSIDER YOUR RISK APPETITE.
FBM Small Cap possibility to rebound after forming a Hammer!FBM Small Cap is always our best indicator to track the overall market performance and benchmark.
We have let our readers knew that we have took profit on 26th April for all our short term position and remain our long term position.
The reason we exit was due to the forming of Bearish Engulfing candle on the closing of 26th April and we would never expect the escalation of trade wars will continue.
But we are lucky to escape the huge drop of FBM Small Cap from 13800 to 12600 approximately 9% due to the technical analysis we used for entry point and exit point.
Today which is 14th May our stock markets was opened low at 12500 and having a huge rebound to 12700 and forming a Big Green Candle.
Based on the market sentiment, today we decided to re-enter our short term position partially due to technical analysis.
Why would we only enter partially? As the market is still pretty volatile at current stage therefore we would not put all our eggs in one basket.
Even though the market is volatile and turn bearish we will still give it a chance as we have manage to exit on top of the down turn.
Hence we will try our luck this round to see whether we manage to enter some position on the market mega sales.
Solely for education purpose without any buy or sell recommendation.
Please follow us if you would like to have more trading opportunities in KLCI stock market.
FTSE Malaysia moves lower than expected.Although on the prior move, we knew that the KLCI will move lower to the support and trendline area which indicates the final wave (Z) correction and (e) in triangle. We were hoping that the price will bounce on these 2 support lines. It did for at least 2 weeks and moved 32.61 points above.
As of now, I will stay neutral on Malaysia's economic, if price breaks the support level (red colour line) or breaks the trendline level (blue colour line), then I would say Malaysia's economic will not regain its bull momentum anytime soon. However if it happens otherwise and the index rises up to break the upper trendline, then we are expecting the economic to recover to a new level within 1 to 2 years.
Regards,
Ejaz
FBM KLCI Reached Important SupportBased on my previous observation, KLCI was in the 5th wave rally. But the rally had weaken after it reach near the 4th wave low. The 5th wave had broken and now it will enter into the ABC wave downward.
In today trading, it has reach the very important support line at 1615 pt. If it closing with downwards breakout, the next support line will be at 1553 pt.
The near term concern will be the US-China trade negotiation. If both economy reach a deal, then we will see a correction sideway.
Disclaimer: Individual opinion and analysis. Not for trading purposes nor buy/sell call.
FTSE BURSA MALAYSIA KLCI Update 17/04/2019FBM KLCI is standing at the support 1616 pt. This support line is the lowest since 2016 and if breakout downwards would see a support at 1548 pts.
On top of that, FBM KLCI is forming the Elliott 5th Wave downwards, we will see a reversal pattern or breakout of support at 1610 pts.
SUMMARY:
Downward -> Support at 1548 pts
Upward -> Resistance at 1729 pts
TECHNICAL ANALYSIS ON KLCI TIMEFRAME MONTHLY!Dear Trader / Investor,
From my view in time frame Monthly on KLCI, I saw a downtrend in a couple of months before it will go uptrend.
the first things we have to wait until the point trigger on support 1 zone and I will consider it to buy call followed by the trending sector (uptrend)
and we will use 50% of current balance on support 1 zone + correct money management 1:2 or 1:3
trade at your own risk!
SIMPLE ANALISIS EDARANMENGIKUT TEKNIKAL ANALISIS
JIKA MERUJUK KEPADA CHART MINGGUAN , PADA 20 OGOS EMA 10 > EMA 20 (MENUNJUKKAN SHORT TERM UPTREND)
MANAKALA PADA 27 OGOS IA SUDAH MULA RETRACE , TAPI PADA CANDLE TERLIHAT EKOR PADA BAWAH (MENUNJUKKAN DEMAND MASIH ADA)
VOLUME YG TINGGI TERLIHAT PADA HARGA 0.70 HINGGA 0.80 ( BAKAL MENJADI RESISTAN YG KUAT AREA SINI )
MENGIKUT CHART MONTHLY OGOS MERUPAKAN CANDLE YANG BULLISH BESERTA VOLUME YG TINGGI(demand tinggi)
IKUT CHART BULANAN INI DARII OCTOBER 2017 SEBENARNYA DAH MENUNJUKKAN POTENSI UPTREND APABILA EMA 10 CROSS EMA 20 , DAN HARGA DISOKONG MA50 PADA BULAN JULAI DAN OGOS. ADAKAH INI TANDA-TANDA FASA MARKUP SETELAH 10 TAHUN SIDEWAY (2008 - KINI) ?? DGN HARGA TERENDAH 0.22
RSI ATAS 50
KLAU IKUT DAILY CHART PULAK , MMG NMPK AKAN LONGTERM UPTREN MELIHAT PADA MA200(MENDAKI KEATAS) , HARGA BERMAIN ATAS MA200 DAN KALAU BEST TGGU JE MA 50 CROSS ATAS MA 100(MID TERM UPTREND) DAN KEDUA-DUA ITU BERADA ATAS MA200 INSHAALLAH TERBANG LAGI.
MENGIKUT FA
2 QUATER BERTURUT2 MENUNJUKKAN KENAIKKAN REVENUE DAN PROFIT MEMBERANGSANKAN , KEMUNGKINAN BESAR AKAN MENARIK LEBIH RAMAI PELABUR UNTUK BERMINAT DGN HARGA INI .
DAN LAGI BEST KLAU ADA CATALYST SETERUSNYA , MENANG CONTRACT LAGI.
RISIKO
HARGA JATUH BAWAH 55 SEN(MA200 DAILY CHART) ,
NEXT QUATER BULAN 11 TERUK.
SUPPORT 1 = 0.63/0.65 ( GANN )
SUPPORT 2 = 0.55 ( SAYA LEBIH PREFER SINI MA200)
LAST SUPPORT = CLOSE WEEKLY CANDLE BAWAH 0.52
RESISTANCE 1 = 0.69 ( GANN )
RESISTANCE 2 = 0.73 (GANN)
RESISTEN 3 = 0.77 ( GANN)
RESISTEN 4 = 0.93
Anticipating Rebound for TMTM stock has been tumbling since the beginning of the year due to facing some stiff competition with local internet service provider. It has at least bottomed at RM 3.010 level at the end of June. It however has been rallying since then, touching RM 4.005 level two times, the level which was considered as the previous swing high. Now it has potential to form an inverted head and shoulder pattern, with potential right shoulder being formed at around RM 3.600. If this is the case, it would be a buying opportunity upon breakout of the neckline. It is also interesting to see how market reacts at RM 3.600 level. So a reversal pattern at this level may confirm the reversal of trend will be inevitable.