FBMKLCI exact high is forecasted on the vertical lineFBMKLCI exact high is forecasted on the vertical line on the daily chart
FBMKLCI trade ideas
FBMKLCI TECHNICAL ANALYSISTechnical analysis for FBMKLCI Stock based on Trend Analysis, Chart Pattern and VPA
KLCI: Long in the short term, short in the mid-termBigger picture - this cycle that started after the 1998 Asian financial crisis is coming to an end.
Expecting a major 70-80% drop possibly in first half of 2022.
Prior to this we may have a year-end rally and final melt-up in the US exchanges.
FBMKLCI TECHNICAL ANALYSISTechnical analysis for FBMKLCI based on Trend Analysis, Chart Pattern and Fibonacci Retracement
Political impact on KLSE marketRead latest article here
Some years ago, I have seriously consider investing in Malaysia properties as part of my retirement plan and/or weekend get away. I am glad I did not commit as I discovered I had not study enough the market. I thanks my procrastination in this instance else I would be suffering huge losses.
Read article here. and here
Please do not let the 50% discount overwhelm you and start rushing to go buy the properties. With slower Covid-19 recovery and the new Political Party yet to settle down, it is best to wait and see (IF you really want to buy)
Remember, many of these condominiums and landed properties were built for foreigners like the Singaporeans and Chinese. They too have suffered especially those who have no holding power and horrified to see the value going south by the day.
However, I think the stock market may have a temporary rebound in view of the new appointment of the new PM. The FED has said they are prepared to taper and this will affect the global stock market (as you can see today all markets are in the red !)
From chart , we can see that price action remains bearish as it has yet to breakout from the main trend line. However, short term traders may want to seize this opportunity to ride the political wave to make some money!
KLSE formin wave 3 KLSE forming wave 3 in weekly, medium term index chart.
target is 1729 base on fiboncacci projection , 1.618
KLSEHi everyone. Hope Malaysia can develop their economy again after almost 90% Malaysians already received the second dose of vaccination.
FBMKLCI and tech sector analysis (Malay)This post is in Malay language. A quick review on FBMKLCI and TECH Sector in Bursa Malaysia.
KLCI may on final leg up to complete leading diagonal. 26/9/21KLCI may on last leg up to complete leading diagonal pattern in wave a (Cyan/Light Blue Circled). Where price could reach at around 2144 before more than 50% crash!? on Mid of 2022?
Helicopter view on FMBKLCIDespite a slump on the index this week, we see some reiteration of bullish bias (as labelled on the chart) along this positive trajectory of rising trend channel. Hence, the recent downside movement could be a pullback before further bullish movement. The index is seen moving towards support level at today's low, followed by 1490 and 1445. A breach below the rising channel however, may lay down the foundation for a new downtrend and this will cap off the bullish potential of the index.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
FTSE Bursa Malaysia Trend Prediction for 20 to 24 September
Greetings, since the trend break through the bottom resistance 1557, now the new test of resistance will be 1527.
The MACD and RSI show the down trend and i feel that it is meaningless to show the indicator, so i use other indicator to show the how the trend is going.
As you see, the trend is down trend now, and the down trend would probably continue at next week 20 - 24 September. Only when the cloud turn into green, and the candle shows up light blue or green colour, then the trend might be rebounce again. When the candle go below the EMA , the EMA will turn into red colour, when it backs to above, the colour will turn green.
Other reason we predict the trend will keep going down is because the week trend and month trend are going weak.
If only the trend does not break through 1527 resistance line and keep above it, then the rebounce may come again.
Again, All the prediction above just assumption, and it is not an advise to purchase or sell the share, please be responsible to your own trade behaviour.
Hope all of you may earn more money and be a rich man/woman.
FTSE for next week 06 September to 10 SeptemberThe rising of the ftse has ended this weekend, therefore next week may enter into Retracement period. It may take one week or with two week to complete the retracement, then might rise again.
The reason of the prediction is because if we look into week trend, the new higher point is just about to start. This give us credible basis to believe that the trend will rise further in the future.
If next week break through 1557, the trend may drop further but small probability . If rebounce, may look forward to 1642 as the new high point for next two week.
Therefore the suggestion is, observe the trend until it reach 1557, then wait for the rebouce or break through. But, there is more chance to rise in the future if you refer to the week trend of FTSE.
All the prediction above just assumption, and it is not an advise to purchase or sell the share, please be responsible to your own trade behaviour.
Hope all of you may earn more money and be a rich man/woman.
Idea of the FTSE trend for 30/08 - 03/09We have a nice week at 23/08 to 27/08, however we have to prepare for the retracement in future. It might be a big retracement day before National Day, after that might start to drop. Simple analysis as my main analysis is Hang Seng Index, but the whole week may be a bearish trend
KLSE/BSKL - WE SHOULD SEE A RETRACEMENT VERY SOONKLSE is completing Wave iii of (i) of 3.
The uptrend just begun.
Should expect more goodness in Malaysia's economy soon despite upraising Covid-19 cases.
Stay save everyone.
FBMKLCI In a Downward ChannelFBMKLCI in a downward channel. With the formation of new government, will it be able to improve the sentiment against Malaysian stock market ?
KLCI short term outlook
FBM KLCI on short term perspective is on an uptrend and within this 2 weeks to 1 month has the possibility to gain 10 points and remain neutral until the next turn happen. Price on daily is moving above the 20 & 50 MA with a positive internal technically. Sentiment & news might cause some volatility but the index appear to be bullish
Some crazy price forecast on KLCIAs projected on the chart, follow the movement with the bars pattern.
FBMKLCI BURSA CORRECTION WAVE 2 (BODTL)My prediction using method Elliot wave + Fibonacci Extension Retracement + Trendline
Come on Bursa Malaysia Ku. Go go Bursa Ku
KLCI Index 31 July 2021Looking back using term history repeat itself it can be predicted that current situation is similar what had happen on last year
From August till November market is downtrending and rebound at November until mid of December
Next obvious major reversal support previously is at 1452 area with strong upwards movement
Currently bursa is struggling by parliamentary issue instead of covid which has still be in progress and the number of cases counting up around 17k cases daily
If the trend continues downtrending, next support is at 1452 and hope that politic stability will make the market rebound towards recovery phase
Hala tuju indeksKe manakah hala tuju FBMKLCI? Indeks hanyalah indeks, pedagang masih boleh membuat keuntungan walaupun indeks pasaran sendu bergantung kepada kemahiran dan ilmu masing-masing. Namun kajian indeks tetap penting sebagai langkah menyediakan payung sebelum hujan hahahaha #kerajaanderhaka
Gartley patternHow to Trade when you see the Gartley Pattern?
What to consider to enter the trade?
To enter a Gartley trade you should first take note of the pattern and then confirm if it is valid or not. Outline the four price swings on the chart and check to make sure they respond to their respective Fibonacci levels to draw the Gartley pattern on your chart. Ensure you mark every price action swing with the important letters X, A, B, C, and D. By doing this, you will be able to estimate the overall size of the pattern and get a clear idea about the parameters.
If your chat is a bullish Gartley, open a long trade after noticing these conditions:
CD gets support at 127.2 percent or 161.8 percent Fibonacci level of the BC move.
The price action bounces in a bullish direction from the respective Fibonacci level.
If the Gartley pattern is bearish, then you make use of the same two rules to open a trade. But in this case, your trade will to the short side.
Where to set your stop-loss for a Gartley trade?
It is always recommended that you use a stop loss order regardless of your preferred entry signal. By doing this, you will be protecting yourself from any rapid or unexpected price moves. The stop loss order of a bullish Gartley trade should be found below the D point of the chart pattern. But for a bearish Gartley trade, your stop loss order should be found above the pattern’s D point.
What to aim for your take profit for a Gartley trade?
When you open your Gartley trade and you place your stop loss order, you expect the price to move in your favor, right? And if and when it does, you should know how long you expect to stay in the trade.
It is advisable to enter a full position after the D bounce and then scale out at different levels when trading a Gartley harmonic pattern. If the price momentum continues to show signs of strength, you can opt to keep a small portion of the trade open so as you can catch a large move. Use price action clues such as trend lines, support and resistant techniques, candle patterns and trend lines to find the right final exit point. But generally, if the price action shows no signs of interrupting the new trend, just stay in it for as long as you can.
Crab and Deep Crab harmonic patternHow to trade when you see the pattern?
Trading a bearish Crab pattern
To trade a bearish crab pattern, put a short (sell) order at point D (the 161.8 percent Fibonacci extension of the XA leg).
Entry: Identify where the pattern will end at point D, and place your order
Stop-Loss: Put your stop-loss just below point D
Take Profit: The location of your profit target is highly subjective and depends on your objectives and market conditions. If you desire aggressive profit, place it at point A of the pattern. For a more conservative profit, place it at point B.
Trading a bullish Crab pattern
First of all, choose the crab pattern charting tool and follow all the above rules to identify the pattern. Remember that the Fibonacci ratios are very important to trade the crab pattern. If you notice the pattern on a price chart and if you find the ratios not matching with the pattern rules, it means that the pattern is not valid. So do not trade that pattern.
When the price action confirms the pattern, immediately enter for a buy. If you are a conservative trader, ensure you wait for a couple of bullish confirmation candles before entering the trade.
There are four targets (X, B, C, A) to place the take-profit order in the crab pattern. At the start, traders try to book full profit at point A, but when the price crosses point B, the market turns sideways. So book half of your profit at point B and then close your full positions at point A.
Most of the traders placing their stop-loss way below point D; however, that’s a wrong way to do it because they are risking more due to this simple logic. If the price action breaks point D, it automatically invalidates the pattern.
