KLCI - Correction in ProgressTrend : Uptrend
EW No.: Wave 1 to Wave 2. Wave B to Wave C.
Note: Currently I see a correction pattern of 535 in progress to complete the Wave 2. Wait for the completion of Wave 2 in the zone before taking any action.
FBMKLCI hammer on daily timeframe may signal REVERSALminor wave is not the wave 2, need to recount the wave
Looking at the FTSE Bursa Malaysia KLCI Index chart, here's my analysis:
Current Price Action:
- Trading at 1,585.52, down 1.05%
- Currently testing key Fibonacci support levels
- In a potential wave (ii) correction
Elliott Wave Analysis:
- C
FBMKLCI will rebound from level 0.786Looking at the FTSE Bursa Malaysia KLCI Index chart, here's my analysis:
Current Price Action:
- Trading at 1,603.22, up 0.15%
- Currently testing key support levels
- Below all major moving averages indicating bearish trend
Elliott Wave Analysis:
- Completed waves (i) through (iv)
- Currently in
Bullish forecast on FTSE Bursa Malaysia KLCIThe FTSE Bursa Malaysia KLCI (FBMKLCI), currently at 1,606.96 (+0.72%), shows bullish momentum, suggesting potential upward movement. If 1,600 holds as support, the index could target 1,620–1,630 in the short term and potentially 1,650 in the medium term. A sustained breakout with rising volume woul
FBMKLCI index going to challenge 1676 in short period
With the very volatile market condition, KLSE index looks trending up to the MA20 of 1650, and next target 1576 at the resistance zone of the DC channel
Based on the 2 trend lines, long term and short term, both have well supported
With the RSI closing to value 50 with trending up could se
Time Cycle AnalysisNext key date 03-10-2024 (Thursday) which is associated with the first day of the 9th month of Lunar calendar.
Disclaimer: the content of this chart is not an investment advice and does not constitute any recommendation of BUY or SELL as it is intended for the purpose of academic discussion.
KLCI INDEX above 2000Prediction technical Analysis base on Elliott Wave and Fibonacci with Trendline.
Jom comment any idea discuss
FBMKLCI - Bullish RetracementFBMKLCI is still bullish. The weekly candle is in retracement as it reached the overbought level. The market wants to take a breath first before continuing the bullish trend.
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) Mont
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
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current value of FTSE Bursa Malaysia KLCI Index is 1,591.03 MYR — it has risen by 0.85% in the past 24 hours. Track the index more closely on the FTSE Bursa Malaysia KLCI Index chart.
FTSE Bursa Malaysia KLCI Index reached its highest quote on Jul 8, 2014 — 1,896.23 MYR. See more data on the FTSE Bursa Malaysia KLCI Index chart.
The lowest ever quote of FTSE Bursa Malaysia KLCI Index is 169.83 MYR. It was reached on May 2, 1986. See more data on the FTSE Bursa Malaysia KLCI Index chart.
FTSE Bursa Malaysia KLCI Index value has decreased by −0.12% in the past week, since last month it has shown a 0.49% increase, and over the year it's increased by 2.60%. Keep track of all changes on the FTSE Bursa Malaysia KLCI Index chart.
The top companies of FTSE Bursa Malaysia KLCI Index are MYX:MAYBANK, MYX:CIMB, and MYX:PBBANK — they can boast market cap of 28.38 B MYR, 20.19 B MYR, and 19.64 B MYR accordingly.
The highest-priced instruments on FTSE Bursa Malaysia KLCI Index are MYX:NESTLE, MYX:KLK, and MYX:HLBANK — they'll cost you 90.50 MYR, 21.00 MYR, and 20.50 MYR accordingly.
The champion of FTSE Bursa Malaysia KLCI Index is MYX:GAMUDA — it's gained 85.94% over the year.
The weakest component of FTSE Bursa Malaysia KLCI Index is MYX:PCHEM — it's lost −40.94% over the year.
FTSE Bursa Malaysia KLCI Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy FTSE Bursa Malaysia KLCI Index futures or funds or invest in its components.
The FTSE Bursa Malaysia KLCI Index is comprised of 30 instruments including MYX:MAYBANK, MYX:CIMB, MYX:PBBANK and others. See the full list of FTSE Bursa Malaysia KLCI Index components to find more opportunities.