$FKLI FKLI recovery map (2022-2024/26) Dec'22: Bounce continue post-GE mid'23: reclaim 1,598 end'23: reclaim 1,698 mid'24: retest 1,600 from 2023 peak mid'24-early'26: reclaim 1898... @ 2026, what's next? case A: Fed cont QE, ATH or new ATH on inflation case B: Dollar collapse, world plunge into abyss. thanks for reading my crystal ball analysis...
Maintain sideways view, price continued rallying on weak volume, reached prev R@ 406x-418x area. Expect some retracement upon violating steep UTL, price may find support near S zone. Major S&R zone R1: 406x-418x Major R2: ~4.4k S1: 366x-386x Major S2: 3.2-3.4k Looking for swing long on retrace. Maintaining longer holding period positions lately due to lack...
CPO: Weekly & Daily Up-Channel top reached last week. 🚀✅ Coupled with slight momentum weakness on Hourly, suggesting an overdue retracement might finally take place. In case of continued bullish momentum, mainly driven by macro reasons, look to R1: ~4.6k, R2: ~4.8k Else, price may find support at S1, prev ATH, or UTL1. ❇️April11 Long Call hit R1, next will be...
Momentum turn from neutral to slight weakness... Major Support at 150x-3x still holds , albeit weekly close below ema100 (~158x area) ❇️ Fundamentals: Market sentiment likely dragged down by deteriorating COVID situations, both nationwide & worldwide. Q2 GDP figure unlikely to be favorable (despite mainstream media bullish projections) Commodities...
🔅Fed continue with USD printing, US 10yr bond yield consistently rising touching 1.7-1.8%, US Stocks pumped by stimulus money... 🔅Across-the-board commodity spike especially food & grains... 🔅USD Index continue rising despite excessive printing, suppressing EM markets currencies (including our MYR)... 🌐These are all MACRO reasons why CPO will see higher...
💡Q1 Call to ATH in progress... 💡Mid-term CPO Bull Cycle wave counts in progress... ❇️ Holding Long's, aiming ATH, then new ATH. ⭐️ Fundamentals: US Fed excessive money printing > MYR continue weakening > Rising inflationary pressure > Spike in Food/Agricultural Commodities > CPO Bull Cycle
FKLI Index price consolidated past 1-2weeks, between 157x-160x range. Bears in control following multiple fail test of 1600 crucial Resistance mark. Staying below Major R: 159x-161x will see bear attempt to push price back to range low 155x-7x or to lower S1 area. 🔔Underlying Support: 155x-7x ; 153x ; 150x ❇️❇️Q1 Outlook: Attempt to breakdown to Major S1......
CPO price consolidated past 1-2weeks, supported above UTL & major EMA , bulls took back control by end-Jan. Staying >320x-2x support will see price attempt to regain 3500 & 3600 resistance levels. Expect volatile sideways-up situation for coming 1,2weeks till market resume after CNY 🧧🏮 🔔 Overhead Resistance: 344x-9x, 354x-8x ❇️❇️Longterm Outlook: R2 tested,...
Technicals Jan: Test major R @ 162x-4x 📈📉 Feb: Test major S1 or S2 🐻🐻 March: Test major S2 or S3 📈🐻 👇🏻 Prev idea on potential Dec2020 Top Formation 🔔 Q1 Risk Factor to Watch: Covid, Reinstating/further extension of MCO, Political instability (Malaysia), US President transition, Geopolitical tension in Iran/Taiwan I'm short bias for FKLI for Q1,...
Technicals Major S: 3.6-3.7k (nearest support) ; 3.2-3.4k (prev consolidation range) Major R: 3.8-3.9k ; 4-4.2k ; 4.4k (ATH) ; 4.8k (Weekly breakout projection) 👇🏻 Prev idea on potential CPO New Bull Cycle: 👇🏻 Dec Bullish Call on CPO: 🔔 Q1 Risk Factor to Watch: Covid, Reinstating/further extension of MCO , Political instability (Malaysia), US...
Technicals Longterm: Bear 🐻📉 Midterm: Neutral (Sideways-Up) 🐻🐮 📈📉 This Month: Seasonally bullish in Dec 🐮📈 👇🏻Prev idea still largely intact, albeit with an added hint of Dec bullishness / year-end rally 🔔Watch: Budget2021 debate & its subsequent approval/rejection flat on FKLI; might take a seasonal Dec long near current sideways range low,...
this is trade 228 frm haidojo trading... things have been moving faster than expected, I thought that the sideway market is going to extend into Dec 2020... look like the reversal has come a lot faster...resistance has been formed at 1615 and exactly that spot was the previous selling region... reversal is confirmed if the level 1574 is broken...let's look at...
this is trade 224 frm haidojo trading... something interesting has happened in fkli-nov ...it is called the incomplete fifth wave of Elliot wave... it is one of the many reversal signal if you trade patterns...we got the famous ones such as Double-top, triple-top, "V-shaped" , head-and-shoulder, and also this, incomplete fifth wave...followed by a gap down... so...
this is haidojo and the number is 223 ... today, fcpo-feb made an epic turn and reverse kinda movement...and the momentum of uptrend persists... at least, it resumes its momentum on uptrend until the previous low of 3160 is broken...\ then, we might see some reversal in the trend... now the immediate resistance is at 3350 and the Double-top position at...
this is trade 222 frm haidojo trading... as I had said it earlier, fkli-nov has been grinding in the selling region ranging frm 1580- 1618, and a reversal has indeed happened! as predicted! I am not trying to say how accurate I am, or how majestic I am, but rather I would share with you that if you understand the "language of the market", no matter it is forex,...
this is haidojo and the number is 221 ... forming a Double-top, which is a possible reversal signal, rising the previous low to 3280 -3000 as the critical support now... lower support is seen at 3160 and 3100...price needs to push abv 3414-3450 new resistance level to move higher... for now, it is still in uptrend until the support/resistance level is...
Index testing prev major LH near 162x, with momentum weakness above 158x... Fundamentally, there's a lack of new positive triggers for price to go higher, neither for a strong bear case (unless go full MCO again)... Thus, I'm keeping to a wide sideways-down view as long as Major R / 1600 mark resists. Watch: Immediate UTL breakdown , may invite bears Shall...
Bulls taking a breather as active contract move to Feb2021. Major S: 320x-6x >> Watch if hold on test... If support hold, Look for rally towards R1-R3: 340x-5x, 350x-5x, 360x-5x in about 2weeks time. ;) I've been on Long since turn Nov, check out my many other social platforms for latest charts & market updates. 🔔⭐️ Check out my prev post on a Major CPO...