Get started
FTSE Bursa Malaysia KLCI IndexFTSE Bursa Malaysia KLCI IndexFTSE Bursa Malaysia KLCI Index

FTSE Bursa Malaysia KLCI Index

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Components

FBMKLCI trade ideas

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.
FTSEMYX:FBMKLCI
by zhafrihandsome
Green or blue arrow ?The Malaysia stock market is definitely bullish and has gone up by 30+ % since the March low. You can also see the benefits of buying Malaysia index or stocks as SGD currency is stronger than Malaysia ringgit. That means you are exchanging SGD1 dollar for MYR 3.0674 ringgit. That increase your purchasing power in Malaysia, in this case you have more local currency (ringgit) to invest. Now that it has reached a resistance level at 1616.05 , I think the next 1-2 months , we could either see a correction or the price moving sideways before it decides to go up or down. So, if you have bought some Malaysia stocks, you may want to take some partial or full profits to be on the safe side. Imo, it is a bit too late to go long now for this index. If you want, wait for the breakout first and observe the price action. If it breaks above 1616.05 and retrace well, then the uptrend will continue else wait for the sideway move to complete first.
INDEX:KLSELong
by dchua1969