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FKLI TRADING : 296) a bullish divergence signalthis is number 296... fkli-aug has a fresh start with sliding near the support level of 1486...today, it is seen that a bullish divergence signal has appeared. the price has slid lower but the RSI going up, sometimes it is called rsi divergence too. this happens in hourly timeframe, so u can check it out. Of course, this doesn't mean u should jump in and ride this bad boy straight away. For me, I would wait for a breakout above the Lower-High of 1534 before anything. SO, u should still stick to ur trading plan if u have any. If u dun have, get one. IF the rebound attempt fails, we should see some support at the next level at 1457-1460...that's all for the update. IF you are keen on fundamental analysis , then watch out for mco uplift, covid-19 situation in Malaysia, political uncertainty, etc... *plan your trade and trade your plan... gud luck* higher resistance : 1550 immediate resistance : 1516-1533 critical support : 1486 lower support : 1457-1460 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MYX:FKLI1!
by HAIDOJO_trading
2
FKLI TRADING : 293) building base but not confirm reversal yetthis is number 293... after breaching below the strong 1550 support level, fkli july has been trading below it since...the recent move is...hovering below 1515 and reached low at 1500...1534 has to be breached to confirm a reversal...till then, still a sideway market with bear in charge...bull has lost its fight and not sure when it will return... IF you are keen on fundamental analysis, then watch out for mco uplift, covid-19 situation in Malaysia, political uncertainty, etc... but normally, before the news come out, price action already made the move...that's why, I am not a fan of fundamental analysis... it is not the bad news which "kills" the market, it is usually the uncertainty...so sideway market breeds advanced pattern, so if thr is any, I shall update...gud luck folks... *plan your trade and trade your plan... gud luck* higher resistance : 1550 immediate resistance : 1523-1533 critical support : 1515 lower support : 1486 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MYX:FKLI1!
by HAIDOJO_trading
FKLI TRADING : 291) consolidation phase-bullish bat patternthis is number 291... another advanced pattern discovered side-by-side to the earlier advanced pattern, bearish cypher pattern...this is a bullish bat pattern...\ entry level is the controversial 1550 ---super strong support, also the indicator of sideway or bear market...entry is possible at 1552, SL below 1545, 1st tp 1570...no 2nd tp...haha...not sure if it is going back up this time...we hit this level at least 4 times this year alone... the higher the frequency of the hit, the "softer" it gets, so, gud luck folks... *plan your trade and trade your plan... gud luck* higher resistance : 1592-1597 immediate resistance : 1572 critical support : 1550 (the-hasn't-broken-and-possibly-never-will-level) also the lowest-low so far WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MYX:FKLI1!Long
by HAIDOJO_trading
4