JPG MARK UP CAMPAIGNFor JGP, This is a Typical Rising Bottom (Schematic #2 of Accumulation)
Few reasons, should be pointed out :
1/ Based on Comparative Analysis , JPG somehow shows interest from the CO (JPG did HH HL, While General Market did HL LL)
-- This is a sweet spot
2/ Supply Evaporating (black arrow
Malaysian Economy is in an alret state. This month will be a challanging economy for Malaysia. With impact of USQ trade war, Malaysian economy also get hit. To be sure it''s not a small hit, but a super massive hit. If this coming weeks the trend keep on tumbling, and breaking the supports. A bearish run will bring along all the way down.
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:
- C
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
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 woul
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 se
Time Cycle AnalysisNext key date 03-10-2024 (Thursday) which is associated with the first day of the 9th month of Lunar calendar.
Disclaimer: the content of this chart is not an investment advice and does not constitute any recommendation of BUY or SELL as it is intended for the purpose of academic discussion.
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Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
Bursa Malaysia KLCI Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy Bursa Malaysia KLCI Index futures or funds or invest in its components.