FCPO TRADING : 260) sideway strategy- possible advanced patternhis is haidojo and the number is 260 ...
a possible formation of bearish gartley pattern near the resistance level- yes, this is called "deep gartley" pattern...
entry 3480- 3494, SL abv 3500, 1st tp 3370, 2nd tp 3305...
another one is ....? dunno yet, but possible another gartley pattern or bat pattern...but a bullish one...
so this one stays put first...
so, that's all for the update...
*plan your trade and trade your plan... gud luck*
higher resistance : 3480-3494
current support : 3305
lower support : 3220-3165
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
Malaysiastockmarket
FCPO TRADING : 259) sideway strategy- bracketing the markethis is haidojo and the number is 259 ...
fcpo-apr shows another round of sideway market now...so what to do now is bracketing the market...
set up the high---resistance and the-low---support... then in the middle what might happen is formation of advanced pattern in between...
(the one I draw with yellow-color)...
if the price breaks higher than the resistance- turn long
if the price breaks to the downside, lower than the support level, --turn short...
*plan your trade and trade your plan... gud luck*
higher resistance : 3460-3494
current support : 3305
lower support : 3220-3165
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
FCPO TRADING : 258) sudden reverse to the downsidethis is haidojo and the number is 258 ...
juz as bull seems like coming back and all things look shiny and glittering, all of sudden today we had a 80-pts gap down and went down...
at last, it closed at -160pts++ frm the previous day...
so now market is going down, unless the resistance 3460 is reverse, then we might have otherwise...
watch closely as the support 3167 which is also the latest low is breached or not...?
if it is breached, then lower-low is going to happen and more downside will come...
*plan your trade and trade your plan... gud luck*
higher resistance : 3309
lower support : 3167-3170
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
FKLI TRADING : 256) downtrend persiststhis is trade 256 frm haidojo trading...
today is the last day of fkli-jan...it closed lower at 1560-65...again, pop quiz frm previous trade...
option 2 hits the situation and it sounds like this...
2)retest high ranging frm 1593-1604, but reverses lower than 1573, creating lower-low...
quote frm earlier trade...
and as predicted, it really hit higher back to 1604 before hitting 1573 and moves lower today...this prediction was a few days ago...
so as for fkli-feb, my guess is going to continue down...as covid-19 sets on for record new-high, it will probably pull down stocks market alongside with fkli with it...normally, I dun do fundamental analysis but this one is hard to ignore...
*plan your trade and trade your plan... gud luck*
resistance : 1578
immediate support : 1560
lower support : 1545-1550
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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*
FCPO TRADING : 255) bull is backthis is haidojo and the number is 255 ...
today, another day of continuous uptrend...price hits higher than the 3450 resistance and stopped close to 100-pts abv previous close...
so, officially, the bull is back...wait for long/buy on retracement, that's the higher percentage trading now...
those who are looking for counter-trend might wanto hold your horses first...wait for the bull to catch some breath first, or when the uptrend
is running out of steam...
*plan your trade and trade your plan... gud luck*
higher resistance : 3596
resistance-turn-support : 3450
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
FCPO TRADING : 254) INcoming---more reversal signalsthis is haidojo and the number is 254 ...
after hovering in the tight range for some time(a few days), 3170-3300, we witnessed a breakout on wednesday...
price action did not one, but two things,
1) creates an initial new high 2)before that, creates new higher-low too...
so, now the trend has reversed...
if the trend continues creating more and more higher-highs and higher-lows, then we have a new uptrend coming...
then, we turn into buy/long on dip...or buying on retracement...that's the best offer frm the market now...
now, that is not so much info. in this episode, but...trust me...it is probably worth much more than the paid info out there...
hence, giving u guys free for such valuable info...would probably make me...either crazy...or real...ok best of luck
*plan your trade and trade your plan... gud luck*
higher resistance : 3446-3450 (might reverse bear trend)
resistance-turn-support : 3270- 3350
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
Top Glove (Put your Masks On!) Updated View On Top Glove (10 Jan 2021)
Did you read our previous analysis of 17 Aug 2020, on the Top Glove? (I will put the link of the prev post below)
It went down to $6.5 as expected.
Now. Listen.
Something BIG happened in 04 Jan 2021.
It could be the potential trend changer and the pullback of Oct 2020-Jan 2021 may be over.
For the starter, $6.8 will be the nearest resistant and it shall be easily reachable. The $7.5~$7.6 region be next.
So, do not short sell for now as the higher price can come in for quite sometime.
On the flip side, $5 shall be strong support. Let's see.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Malaysia Tech Sector - Dufu, JHM, MI, Penta, VS Buy or Sell?Since 2 weeks ago, Malaysia technology sector including OSAT (Outsourced Semiconductor Assembly and Test), ATE (Automated Testing Equipment), EMS (Electronic Manufacturing Services) and other supporting groups has charging up due to global chip shortage. MYX:DUFU , MYX:JHM , MYX:MI , MYX:PENTA and MYX:VS have been selected because they are potentially at the pivot point based on price action trading and volume spread with Wyckoff analysis.
Find out the trading plan of DUFU, JHM, MI, PENTA and VS with entry point and stop loss based on either breakout trading or simple pullback trading strategy.
FKLI TRADING : 252) option 4 hits jackpot!this is trade 252 frm haidojo trading...
this time I got option which hits the bull-eyes...option 4
4) slipped back to 1615 and goes lower to 1595-1580...(if the price breaks below 1580 then trend has reversed) ...previous quote...
for a few days, fkli-jan has dropped back to 1596...if it hits lower than 1573, than a lower-low has formed...then fkli has turned downtrend...
a few options to consider :
1) price moves lower and hits lower than 1573, then downtrend...
2) price of fkli hits higher at 1615 but drops back to 1596 and lower...
3) price of fkli hits higher at 1615 but goes sideway...
4) fkli moves to 1615 and reverses recent low and continues uptrend...
the analyst is not for impressing anyone, juz for fun...if it doesn't match anything on Monday, it only proves that I don't have any magical crystal ball...however, if thing turns out to match some of the analyst, pliz like, share or comment...
*plan your trade and trade your plan... gud luck
resistance : 1650
immediate resistance : 1615
immediate support : 1593-1596
support : 1572-1580
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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*
FCPO TRADING : 251) bullish divergencethis is haidojo and the number is 251 ...
as for what has happened today is...a glimpse of possibility of reversal of the trend...
Why I say that?
I saw the first sign of reversal ----which is bullish divergence in hourly chart/timeframe...
but all counter-trend traders, hold your horses first, it is not that simple...I don't mean that fcpo-apr will reverse tmr and hit all time high again
immediately...what I mean is, price action shows that the bull has rebound a bit today, trying to fight over bear for control...
however, the whole fcpo market is still in downtrend...bear is still in firm control...if we see more and more reversal patterns/signals come in, then only we can say that the bull has come back...
bullish divergence that I try to introduce here is when price hits lower but RSI shows the opposite direction...moving up...
that is the classic bullish divergence but beware bcox daily chart RSI hasn't hit OverSold region yet...not quite yet...
so, the chance of market dropping lower is still higher...short on rebound is still a preferred strategy...
*plan your trade and trade your plan... gud luck*
highest resistance : 3464 (might reverse bear trend)
resistance : 3270- 3350
support : 3145-3200
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
FCPO TRADING : 249) trend has reversed into fast-dropthis is haidojo and the number is 249 ...
As I has mentioned earlier in trade 247(go watch it if you haven't), critical support is at 3670, if it has been broken, then downtrend has arrived.
what I don't expect is a fast-dropping downtrend...I tot the transition will move frm "uptrend - sideway - downtrend"...
instead, what has happened is "fast uptrend --- fast downtrend" a 180 degree upside down turn which happens immediately...
two consecutive days with down more than 100pts...so, no counter-trend trade...
the best offer market is providing now is short on rebound...a friendly reminder : if you are new to the fcpo, and has never traded it before..
pliz, stay away...now is the fast-swing period...it is certainly not a gud news for newbies and the faint-hearted ones...
although I consistently hear the gurus out there urge their students/apprentices to "short it", " don't think, juz do it" ...
it is not recommended to do that...bcox after fast fall, we might have fast rebound...especially those deadly gaps...
Get a trading plan, test it, then stick to it...don't follow blindly what the gurus say, test it...verify it, make sure it is repeatable...
then only apply it...
*plan your trade and trade your plan... gud luck*
highest resistance : 3600
resistance : 3470
support : 3320-3470
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
FKLI Q1 Outlook: Sideways Down to Major S-zone 144x-8x 🐻📉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, looking to add to current position shorts shall Major R fails.
Happy Hunting! 🥂🚀
-jk-
FCPO TRADING : 247) a possible reversalthis is haidojo and the number is 247 ...
after consolidating for a few days, fcpo-march today evidently has a huge drop...
if you trade using other method, pliz use back ur own methodology but the way I do it is...as long as the support 3670 holds,
it is still uptrend///
however, if this level of support is broken, then a reversal is said to happen...
observe closely 3670 support level and the 3800 resistance level...
if the 3800-resistance is reversed, then uptrend resumes...
*plan your trade and trade your plan... gud luck*
highest resistance : 4334 - 4486 (high in 2008)
higher resistance : 3890 - 3967 (high in 2011)
current resistance : 3775-3800
support : 3670 critical
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
FKLI TRADING : 246) option 3. fallback to previous support
this is trade 246 frm haidojo trading...
none of the situation stated in the previous trade 245) has really 100% occurred. Rather, something very close is option 3)...
3) lower a bit to 1625-1620, then sideway for a while but falls back to 1615......
-----quotation frm previous episode, if you haven't watched it, you could go tru it in the link below.
the analyst is not for impressing anyone, juz for fun...if it doesn't match anything tmr or wed, it only proves that I don't have any magical crystal ball...however, if thing turns out to match some of the analyst, pliz like, share or comment...haha...
these are a few scenarios to ponder about:
1) fkli-jan shoots up to test 1650 resistance; I dunno what is the reason, perhaps with mco announcement, the worst has gone?
2) after hovering at 1615 support level, price shoots a bit higher at 1632-1634 and forms a "V-shaped" Double-Top...THEN? rollover and falls...
3) after hovering at 1615 support level, price shoots a bit higher at 1632-1634 and forms a "V-shaped" Double-Top...THEN? more sideway...
4) gap down go down scenario or slowly slides below the 1615 support and rollover frm thr to test lower and lower price...
*plan your trade and trade your plan... gud luck
resistance : 1650- 1660
resistance-turn-support : 1615
lower support : 1578
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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*
KOSSAN - Potential ST Long (Learning Notes #12) (Paper Trade #1)Enter above RM 4.05
TP 1 RM 4.55
TP 2 RM 5.16
CL RM 3.75
Hello Traders,
I am currently learning Technical Analysis , and the ideas I post are what I call ("Learning Notes").
Comments on my analysis are very much welcome and will be greatly appreciated.
If you like my analysis, kindly drop a like and follow me! :)
Let us learn together, and grow together to be a better trader!
Sincerely,
Kenneth Lee
Disclaimer:
This is not a long/short recommendation, nor should it lead to any market actions and/or activities. Trade at your own risk.
FCPO TRADING : 245) party is not over yet! this is haidojo and the number is 245 ...
After playing sideway for 2 days, fcpo-march has formed new support level, lower level at 3660-3680, another one at 3775-3800...
but one more thing, next week is the last week before the exchange date, which happens every month on the 16th,
so the interest for trading fcpo might fall drastically and the inevitable boring and sideway movement will rule for the whole week...
if nothing goes wrong, the real movement would likely be visible after the week of exchange date...the closest is frm 18th - 22nd Jan 2021,
or most likely at the end of the month too...
another possible thing is a huge, violence move either to the upside or the downside (probably testing the max high and low in recent price)
then only followed by the real move after Xchange date/at the end of the month...
*plan your trade and trade your plan... gud luck*
higher resistance : 4334 - 4486 (high in 2008)
current resistance : 3890 - 3967 (high in 2011)
support : 3775-3800
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
ECOHLDS (Learning Notes #11)Entry : RM 0.235
Cl : RM 0.23 (-6%)
TP1 / TP2 : RM 0.27 (10%) / RM 0.29 (18%)
Risk Reward : 1.67 / 3
Hello Traders,
I am currently learning Technical Analysis , and the ideas I post are what I call ("Learning Notes").
Comments on my analysis are very much welcome and will be greatly appreciated.
If you like my analysis, kindly drop a like and follow me! :)
Let us learn together, and grow together to be a better trader!
Sincerely,
Kenneth Lee
Disclaimer:
This is not a long/short recommendation, nor should it lead to any market actions and/or activities. Trade at your own risk.
CEPAT - Enter above RM 0.71 (Learning Notes #8)Hello Traders,
I am currently learning Technical Analysis , and the ideas I post are what I call ("Learning Notes").
Comments on my analysis are very much welcome and will be greatly appreciated.
Let us learn together, and grow together to be a better trader!
Sincerely,
Kenneth Lee
This is not a buy/sell recommendation. Trade at your own risk.
CIMB (Learning Notes #4)Hello Traders around the World and Malaysia,
I am currently learning Technical Analysis , and this analysis is what I call ("Learning Notes").
Any sort of constructive comments on my analysis are very much welcome and will be greatly appreciated.
Let us learn together, and grow together to be a better trader!
Sincerely,
Kenneth Lee
This is not a buy/sell recommendation. Trade at your own risk.
SPSETIA (Learning Notes #1)Hello Traders around the World and Malaysia,
I am currently learning Technical Analysis , and this is my first analysis which I call ("Learning Notes").
Any sort of constructive comments on my analysis are very much welcome and will be greatly appreciated.
Let us learn together, and grow together to be a better trader!
Sincerely,
Kenneth Lee
This is not a buy/sell recommendation. Trade at your own risk.
FKLI TRADING : 243) in the middle of nowherethis is trade 243 frm haidojo trading...
finally the tp 1582 is filled...so a possible reversal frm 1573 low that reach somewhere in the middle of nowhere...so, what's next?
1) possible downtrend continues, 1600-resistance blocks it, then fkli-jan nosedives frm its price now to make new-structure low,
and downtrend persists...
2) market advances a bit higher to retest the 1615 but fails, rollover and falls...
3) market retests 1615 and reverses upward...possible reversal has happened...trend changes to uptrend...
4) none of the abv, market juz...goes sideway...gotcha! \
"market always does whatever it wants whenever it wants... "
the only thing we can do is...participate when market give us some edge...so make your stand and roll your dice!
*plan your trade and trade your plan... gud luck*
resistance : 1650- 1660
immediate resistance : 1615
support : 1574-1582
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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*