FBMKLCI trade ideas
FBMKLCI 19/9/20 : MINGGU KE 38 2020, LOWER HIGH?1. FBMKLCI dengan support di 1480
2. harga sudah berada di bawah EMA50&200 menandakan permulaan bearish
3. adakah kita akan menyaksikan terjunan merah minggu hadapan?
Stay Safe
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"Right place, right vision, right action"
KLCI START TO REBOUND SLOWLY, THIS IS THE RIGHT TIME TO ALL OUT KLCI START TO REBOUND SLOWLY, THIS IS THE RIGHT TIME TO ALL OUT (INVEST)
The more greener KLCI, the better for the retailers.English version
Today(17/9/2020), we can see that KLCI opening price is getting into every traders@investors' attention.
Based on what i can see, i always stick with my own decision by saying that KLCI will go further upwards to the blue line before doing a reversal price to the red line below.
As far as we can see, the orange line is the weekly resistance... I can say that its hardly to be broken but it doesnt mean that cannot be broken.
Since the bearish ABCD pattern is still below the weekly resistance level, i stan with my own analysis on KLCI.
All the best traders !! Trade based on what you see. Tayorrrr.
Will KLCI go up?In long term, it is a strong uptrend since it is HHHL + Y1Y2 + No Power Up. Despite W&R; reversal signal has appeared. TP @ 1904.77
In conclusion, is unlikely it will go up tremendously as there are no strong indicators yet. It may go up a little in ST because W&R; reversal signal appeared. But it may turn into downtrend quickly if the next wave is LHLL.
Index KLCI1. Let the trend go down
2. Draw the downtrend line and wait for breakout downtrendline
3. Monitor closely for the reversal
KLCI M15 PRICE ACTION DAILY FORECASTShort bias. Possible resistance 1516.60 or 1526.86. Stop loss previous swing high, target price 1487.04.
KLCI M15 DAILY PRICE ACTION FORECAST - KLCI WEEKLY BIAS DOWNStrong resistance 1530.07, recommended stop loss previous swing high, target price 1487.04 or 1:1.
It's all about the Dollar: USD and the Malaysian KLCII would argue that since 2014, the Dollar has been the single most important indicator for Malaysia's KLCI, and perhaps for most Emerging Markets.
Note the inverse correlation between the DXY Dollar Index vs KLCI.
With the Dollar finally finding some support and perhaps making a bottom (temporary or longer-term, who knows?), will probably mean a consolidation spell for the KLCI.
TIME TO CATCH THE MOMENTUM IN KLCIThe strategy is simple. Buy at support as we can see the price consolidate and still in bullish momentum. Watch closely the price action around the green zone. Cut loss if the price break the support line 1548 and always take into consideration your risk and money management. Happy trading!
Resistance tested multiple time, KLCI has a potential boom! KLCI's resistance has been tested multiple times and the possibility of a rally is very strong. Ascending triangle and mid-day rally indicate a very strong bull!
