FBMKLCI trade ideas
Bursa ready for shortAs we know the emerging market economies are slowdown due to global recycle.
Here are some my technical view on the stock market FBMKLCI.
Malaysia - KLSE - things could get uglyI post this chart not because I invest in this market but because I happen to live there. This count suggests that the downward correction could have quite a bit further to go although on a positive note, it also suggests upside eventually. A possible clue could be the EW principle of alternation and while the wave 2 correction was a short one to the 38.2 fib retracement this one could hit the 50 or even the 61.8. I hope I'm wrong as this would suggest a lot of pain for the economy here......
KLSE Is Going Bearish to 1151.75| Bursa Saham| 16th Mac 2020"Dont buy or sell until you see significant pattern and price.
Price has inertia because it carry heavy volume inside the price.
Follow the trend and the trend never wrong.."
-Zezu Zaza Bursa Saham Trading @ Hotel Armada Petaling Jaya 15th November 2019
As you can see the world market right now is contain of fear. Great great depression is on the way. Economy will collapse. Before it does, the market will pause its trading first time in history. We are making history right now. Anything that passed upon the action towards the reaction is history. Greedy will develop after the fear. After this fear of selling vanish, people will greedy to buy. You must understand the concept of trading before preaching. How can you be so sure the price at this certain time of point will going to increase while all others investor pull all their money out?
When the fear took over the market, it must be follow with consolidation. This consolidation has not yet been formed. Bursa Saham trading is not volatile like gold trading or forex trading. Just because of this, we cant expect spike to be happen. In Bursa Saham market, spike will always occurred in bear market. When you have understanding the market and how the market works, then your theory could be functional.
While the coronavirus has been declared as pandemic, airport closed, tourism closed, events cancelled, Malaysian new cabinet reformed under the Tan Sri Muhyidin Yasin has not yet started, dollar collapse, stock market crash... who on earth want to buy and hold the buy position for the KLSE stock? If you can answer my question, then I will buy the stock market of KLSE. I love having a debate because it is not simply just give people signal and people losing after following your signal of trading. Every trading buy or sell, we must keep questioning ourself that every trade we put must be under concrete reason. No good reason, dont put the trade because doubt will follow together with fear.
Since the price is right now @ 13++, I believe the price will continue to bearish until 1151.75. For my trade, I will looking to close the profit when the price reached 1200.00.
You can see the price that the presence of bull trader is not there yet. Bull traders looking the bear traders to losing its momentum on selling the KLSE. While other bull traders is waiting and waiting to push the market up since the bearish momentum was strong.
When you see the significant buying, then you can close the selling trade and buy the KLSE after the market is ok. The selling can be in oversold position for a very long time until the stimulus from FED. Next week FED meeting on Thursday 19th March 2020, will expecting they will reduce the interest rate again as expecting. People will sell KLSE again.
So, are you gonna buy KLSE ? Ask this question before making any trade.
Thank you.
Regards,
Zezu Zaza
KLCI in ((C)) correctionKuala Lumpur Composite Index shown heavy downward move suggest ((C)) wave are taking place.
we have more further downside to 1251
KLSE Will Rebounced on Thursday The 5th| 5th March 2020After Fed announced to drop the interest rate from 1.75% (29th Januari 2020) to 1.25% (4rd March 2020) , the stock KLSE will be bounce on Thursday 5th March 2020.
This is a good news for Malaysian Ringgit after to recover from the resignation of the Prime Minister of Mahathir Mohamad on 24th February 2020. As you can see on my illustrated chart, the demand has slightly increased and bull trader will be going soon to buy this stock again. After this news released by Fed, investor has already coming partially to purchase. The bull power will be increasing and hoping you guys to catch from the trend starting to bounce and making a correction.
The decision on Fed yesterday is crucial for the whole economy of the world since the panic attack of the recession will about to hit the entire nation again. To counter this part by part, the FED going to reduce percent by percent to let the economy grow a bit after the pendulum of China strikes the wall.
Muhyidin Yasin has become the 8th Prime Minister of Malaysia on the 29th February 2020 and this would be the soon to be the recovery for the KLSE stock.
Those two(2) sentiment of fundamental is enough to catalyze correction on KLSE Stock market by Thursday 5th March 2020 after gaining some early momentum on Wednesday of 4th March 2020 on the short term while waiting the FED making more announcement on 19th March 2020 2am in the morning.
By the index of Ringgit versus the Dollar has slightly stronger.
Regards,
Article by Zezu Zaza
FBMKLCI - Where are we headed on ?- Lets see what market reaction on this trend lines either it will be support level or break the trend line.
- If price are trading below the trendlines my bias totally bearish on this index and the prices will find nearest support on 867.0 level
DISCLAIMER : THIS IS OPINION BASED ON MY PERSPECTIVE. FOLLOW AT YOUR OWN RISK
FBMKLCI - D1 - Long ChanceIf price get down, we can wait for price action reverse candels and then get Long position.
If price go up and get inside the channel we can wait for pullback and get Long position.
Please DO NOT SELL IT.
Good Luck...
FBMKLCI Uncertainties Continue in 20202018 was a terrible year where almost all the global bourses plunged sharply due to the US-led trade wars against China and several other countries. The Malaysian market too has a double whammy following the surprise change of government for the first time since Merdeka day. Year-to-date, most markets recorded fairly good rebound. Unfortunately, the recovery was not seen in Bursa Malaysia. The main reasons include political uncertainties, weak ringgit and poor corporate earnings.
As for 2020, we think the challenges are likely to continue as the US-China trade war is unlikely to see immediate solution. For foreign investors to return, ringgit will have to continue to maintain its recent strength and we must see improvement in political commitment to grow our economy. In the absence of these, we will have to rely on stock picking to make alpha return for 2020.
Despite the impact of US-China trade war, the US market climbed to new high with Dow Jones Industrial Index surged 20.3% for the first eleven months this year. This is largely due to the 3 times cut in Fed Fund rate. US-China trade war seems to have a mild impact on both economies. This is evidenced in the drop in the GDP growth with the US GDP growth fell from 3.2% in 2Q 2018 to 2.1% in 3Q2019 while the China economic growth contracted from 6.7% to 6.0% over the same period.
2019 is definitely a disappointing year for the Malaysian equity market as the FBMKLCI Index (KLCI), which is the popular benchmark used among the foreign and local institutions for the 30 big-cap stocks fell by 7.6% as at November 2019. Leading the losses were banking stocks that have heavy weighting in the index. Hence, the local bourse is probably one of the worse performing markets in the world in 2019.
Persistence selling by foreign funds weighed down on some of the big-cap stocks. For the first eleven months of 2019 foreign funds sold net RM9.9bn worth of Malaysian
shares and this is slightly less than the net sales of RM11.5bn in 2018. The weak ringgit which normally deters the inflow of foreign funds, however, did
not stop them from buying more of Malaysian bonds. For the first eleven months this year, foreign investors bought RM11.7bn worth of our bonds although they disposed of a
substantial RM21.9bn a year ago.
Despite the poor showing of the KLCI, there are stocks that did well especially those mid-and small-cap stocks under the construction and technology sectors. Our right
selection of some of these stocks enabled us to show strong recovery for our portfolio performance.
We believe next year will be another challenging year as the impact of US-China trade war will continue to create more market volatilities. We have to be mindful of a
possible US recession if US yield curve flattens again. On a positive note, November will be the 59th quadrennial US Presidential Election and historically the US stock
markets performed well during election year.
Getting ready to buy KLSE soonIt is now in a consolidation phase and this may go on for a while before it either
break out or break down. If you dislike range movement, then wait for it. No need
to participate in every chart, just the one you like and comfortable with.
Again, Mr Market decides the direction , not the trader. We merely act following its next
move not to dictate the market directions (whoever say he can, you better run away as
fast as you can).
Best of luck
Malaysia Bursa Prediction This prediciton is base on SND and SNR
#newtrader
#waveidea
#Malaysiacitizen
FBMKLCI 101119FBMKLCI forming pennant pattern. Strong resistance level to watch at 1614. It may also go down to test support level at 1516. Market is expected to rally by Dec - Jan.
Long MalaysiaNot much to go on here except that the Bursa has bounced strongly on the 23.6 fib retracement after what might be a ziz-zag correction.
KLSE WILL REVERSAL SOON?? WHEN BULLISH ENGULFING??IM WAITING FOR ANOTHER BULLISH ENGULFING.
BUT SPOTTED SPINNING TOP CS?? REVERSAL WILL HAPPEN SOON ??
ALSO MONITOR OF MACD INDI, CROSS LINE(IN CIRCLE)
..Support Tun M:. ;)
IF THE REVERSAL HAPPENED, EXPECTING MANY COUNTER WILL PROFIT.. MORE MONEY TO COME
