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FTSE Bursa Malaysia KLCI IndexFTSE Bursa Malaysia KLCI IndexFTSE Bursa Malaysia KLCI Index

FTSE Bursa Malaysia KLCI Index

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FBMKLCI trade ideas

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: - Completed wave (i) at 1,682.48 - Currently in wave (ii) correction - Projecting waves (iii), (iv), and (v) ahead - Wave (iii) target around 1,720 - Final wave (v) target could reach 1,720-1,730 Key Technical Levels: 1. Support: - 1,587.66 (0.618 Fibonacci) - 1,605.77 (0.5 Fibonacci) - 1,561.89 (0.786 Fibonacci) 2. Resistance: - 1,623.87 (0.382 Fibonacci) - 1,682.48 (previous high) - 1,693.20 (major resistance) Technical Outlook: - Descending triangle pattern forming - Price near critical support level - Potential for bullish reversal if support holds - Volume needs to confirm any breakout Trading Considerations: - Watch for bounce off 0.618 Fibonacci level - Major resistance at previous wave (i) high - Stop loss could be placed below 1,561.89 - Wait for confirmation of trend reversal
FTSEMYX:FBMKLCILong
by pengamalgelombang
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 wave (v) of the correction - Potential for completion of larger corrective structure Key Fibonacci Levels: - 1,645.61 (0% retracement - major resistance) - 1,632.89 (23.6% Fibonacci) - 1,625.02 (38.2% Fibonacci) - 1,618.66 (50% Fibonacci) - 1,612.30 (61.8% Fibonacci) - 1,591.70 (100% retracement - major support) Technical Considerations: - Price in downtrend channel - Support around 1,600 level critical - Volume showing potential exhaustion of selling pressure - Money flow indicator suggesting potential for reversal Short-term Outlook: - Watch for bounce from current support - Need to break above 1,612 for bullish confirmation - Risk of further downside if 1,600 breaks - Volume pattern suggests accumulation phase possible
FTSEMYX:FBMKLCILong
by pengamalgelombang
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 would confirm this trend. However, rejection near 1,606–1,610 could lead to a pullback toward 1,580–1,590, where institutional accumulation might occur. A Break of Structure (BOS) below 1,600 would signal bearish reversal risks. Key indicators include market structure, volume trends, and liquidity zones. While the short-term outlook remains bullish, cautious observation of institutional activity is essential for accurate forecasting.
FTSEMYX:FBMKLCILong
by THLING
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 see the momentum is ready become stronger in the near term Since 7 Oct it has been moving horizontally around neckline zone of M shape chart pattern form in mid term, this zone is also lower part of DC channel
FTSEMYX:FBMKLCI
by SASSA39
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 who was PM of Malaysia during 80s "making" Malaysia's GDP grow higher! It's "Cycle Trend/ circumstances?!!". AND. The "Cycle Trend/ Circumstances" was "created" by its millions of citizens! as "weather!" not just because 1 person! P/s. AND Most politicians are "good opportunist" they know how to "grab" the "cycle/Trend"!.
FTSEMYX:FBMKLCILong
by SteveTan
KLCI after Raya HajiNothing says 'Selamat Hari Raya Haji' like preparing to short the KLCI. After all the festive cheer, it's time for the market to face a reality check. As everyone else is winding down from their celebrations, I'm gearing up for what looks like the perfect opportunity to capitalize on the inevitable post-holiday dip. Because why not turn the holiday spirit into some serious gains? Here's to hoping the market crashes harder than my diet did during the festivities.
FTSEMYX:FBMKLCIShort
by CatalystEdge
FBM KLCI Reaching Swap Zone The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) is a prominent benchmark of the Malaysian stock market, reflecting the performance of the top 30 companies listed on Bursa Malaysia. Over the past six months, the FBM KLCI has experienced a dynamic interplay of local technical factors, global economic sentiments, and the performance of major indices such as the Dow Jones Industrial Average and the NASDAQ Composite. Technical Analysis of FBM KLCI From a technical analysis perspective, the FBM KLCI has exhibited significant fluctuations. The index started six months ago at around 1,430 points and has seen a series of rallies and pullbacks. Below are the indicators used which have provided insights into these movements: 1. Moving Averages: The 50-day moving average (MA) and the 200-day MA have been critical in determining the trend. On September 19 2023, the Golden Cross can observed indicating a bullish reversal trend in a longer term. The said reversal validated with the index crossed and maintained above the 50-day MA. 2. Relative Strength Index (RSI): The RSI has oscillated between 30 and 70, reflecting alternating periods of overbought and oversold conditions. Notably, the RSI dipped below 30 in early January 2024, signaling an oversold market and triggering a subsequent rally. By mid-April, the RSI approached 70, suggesting overbought conditions and prompting a minor correction. 3. Support and Resistance Levels: The key support levels at 1,600, 1,575 and 1,530 points, with resistance around 1,620 and 1,640 points. These levels have been tested multiple times, indicating strong market psychology at these price points. The index’s ability to stay above the 1,600 and 1,500 support levels have been crucial in maintaining investor confidence. Impact of Global Sentiments Global economic sentiments have significantly influenced the FBM KLCI's performance. Over the past six months, several factors have shaped investor behavior: 1. Inflation and Interest Rates: Rising global inflation rates and corresponding interest rate hikes by central banks, especially the Federal Reserve, have created a challenging environment for equity markets. These moves have led to increased volatility in emerging markets, including Malaysia, as investors seek higher yields in safer assets. 2. Geopolitical Tensions: Ongoing geopolitical tensions, particularly in Eastern Europe and trade tensions between major economies, have affected market sentiments. These uncertainties have led to risk-off behaviors, with investors pulling out from riskier markets, thereby impacting the FBM KLCI. 3. Economic Data: Positive economic data from the US and China have had a mixed impact. While strong US economic growth has supported global markets, it has also led to fears of more aggressive monetary tightening. Conversely, China’s economic recovery has positively influenced commodity prices, benefiting Malaysia's export-oriented economy. Correlation with Dow Jones and NASDAQ The performance of the Dow Jones Industrial Average and the NASDAQ Composite over the past six months has provided a significant context for the FBM KLCI's movements: 1. Dow Jones Industrial Average: The Dow has seen a robust performance, driven by strong corporate earnings and a resilient US economy. This upward momentum in the Dow has had a positive spillover effect on global markets, including the FBM KLCI, particularly when US economic data beats expectations. 2. NASDAQ Composite: The NASDAQ, with its heavy concentration of technology stocks, has experienced more volatility due to rising interest rates, which typically hurt growth stocks. This volatility has sometimes spilled over into the FBM KLCI, especially on days when tech stocks see significant sell-offs. FBM KLCI Outlook A mixed outlook on the FBM KLCI for the next few months: 1. Cautious Optimism: Given the technical indicators showing a potential for short-term gains, combined with support levels holding firm, there is cautious optimism. 2. Risk Management: With global uncertainties still prevalent, traders usually maintain a diversified portfolio to mitigate risks with a balanced approach, including defensive stocks and those with strong fundamentals. 3. Monitoring External Factors: Keeping a close watch on global economic indicators, especially US inflation data and Fed interest rate decisions, is crucial. Any significant deviations from current expectations could lead to heightened volatility. The FBM KLCI's performance over the past six months reflects a complex interplay of technical patterns, global economic conditions, and influences from major US indices. While there are opportunities for gains, given the index currently at the key swap zone , investors usually to proceed with caution and remain vigilant to global developments. Disclaimer: The information provided is for educational and informational purposes only and should not be construed as financial advice. Before making any investment decisions, individuals should conduct thorough research and consider their financial situation, risk tolerance, and investment objectives. Investing in stocks involves significant risk and may not be suitable for all investors. The value of stocks can fluctuate and may result in partial or total loss of investment capital. Past performance is not indicative of future results. Furthermore, the content provided does not constitute a solicitation or recommendation to buy, sell, or hold any particular security or investment strategy. Investors are encouraged to consult with a qualified financial advisor or investment professional before making any investment decisions. All investments carry risks, including the risk of loss of principal. Investors should be aware of the potential for volatility, market fluctuations, and geopolitical events that may impact the value of their investments. Investors are solely responsible for their investment decisions, and any reliance on the information provided is at their own risk. The author and publisher of this disclaimer disclaim any liability for any direct, indirect, incidental, or consequential damages arising out of or in connection with the use of the information provided herein.
FTSEMYX:FBMKLCI
by fuad_khairi
Time Cycle AnalysisKLCI above 1552 is bullish and below 1552 is bearish. The most likely trajectory is heading south. Following the discontinuation of UPSR and PT3 by the Ministry of Education, there is a discernible decline in the commitment of our students towards their academic responsibilities. The absence of these benchmarks has resulted in a lack of effective evaluation tools for assessing students' learning abilities. This concerning trend raises the prospect of a nation destined for failure if not appropriately addressed.
FTSEMYX:FBMKLCI
by Yang358
RTS linked stock indicatorThe Johor Bahru–Singapore Rapid Transit System (RTS) Link is an international cross-border rapid transit system that will connect Malaysia's second largest city, Johor Bahru and Woodlands, Singapore, crossing the Strait of Johor. It will consist of two stations, with the Malaysian terminus at Bukit Chagar station and the Singaporean terminus at Woodlands North station, which also interchanges with Singapore's Thomson–East Coast MRT line. (source: Wikipedia)
FTSEMYX:FBMKLCI
by Yang358
Honeymoon over, FBMKLCI looks to continue the downtrend for nowSince the index failed to break the 1900 barrier and formed the double top in 2014 & 2018, it has been down ever since. Though the index managed to recover from sharp drop during the COVID-19 pandemic, it remains below the 200 moving average. Expecting it to retest the downtrend line in the second half of the year. Government looks more stable now but honeymoon time is over. Budget 2023 tabled today was not so enticing so it seems the only way is down for now. Poor index performance makes momentum trading more challenging. Just reminding myself to be more selective and conservative in the coming weeks to months.
FTSEMYX:FBMKLCI
by sahamdanlatte
What will happen to KLCI after State Elections? Currently KLCI hoover around strong Resistance at 1460 and we can see the double top potential on the chart. The MACD indicator also showing weakness by developing the bearish divergence pattern. Current support is at 1450 level and if this support broken, next support will be at the strong support 1437 and 1432.68. KLCI must defend this support in order to continue the bullish movement. (Disclaimer : Personal analysis and for educational purpose only)
FTSEMYX:FBMKLCIShort
by ichivergence_hunter