Next Sector Focus for Bursa MalaysiaI am surprised myself, Plantations takes precedence, followed by Technology and lastly, Construction.
KLSE trade ideas
BURSA forecast in Mid JuneBursa KLCI expect to make a correction, it may going to 20MA area, if it can not hold, it will going to 50MA area with Gann Fan support as well.
FBMKLCI - Bearish Engulfing ! GET OUT ???Salam traders,
Market closed pada 15/6/2020, terbentuk selling signal yang kuat iaitu Bearish Engulfing. Mana yang hold mana-mana kaunter, aku nasihatkan jaga trading plan, trading plan bermaksud jaga CUT LOSS level anda, bila support level tembus, silalah CUT LOSS, kalau tidak anda akan menyesal tak sudah. Kalau anda jenis banyak margin, boleh la hold & buat averaging bila indeks mula ada signal untuk reversal. Bila ada signal reversal aku akan update.
Aku bukan nak takut-takutkan anda, itulah realiti. Anda boleh lihat tahun-tahun sebelumnya, Bila Bearish Engulfing muncul, apa akan jadi? Strong Bearish Engulfing apabila indicator Stochastic dan RSI berada di area overbought.
#BiarLaburJanganLebur
BURSA MIGHT PULLBACK TO PREVIOUS DEMAND ZONEHere's the updated market structure for KLCI. As expected, KLCI recovered which very fast as the investors already have confident to participate in the market. On the fundamental side, we can see the efficiency of Malaysia government to tackle the issue of COVID-19 and the announcement of Stimulus Package in order to recover the economy. For this moment, it's hawkish for the investors perspective and the price might be pullback to the previous demand zone before continues bullish . Last but not least, on the technical side shows the major trend still trending uptrend as we are still above the EMA 200 as well as respecting the trendline . So, let us wait to see how the price react.
KLSE forecast year 2020Am expecting bullish mode after retrace 61.8% from current level, anticipate KLCI will touch 1900-2000 by 2021
KLCI 1DAs you can see, the KLCI already complete the Gap.
The regression line in downtrend and on support level.
Resistant 1425 and 1506.
If the price can break through 1400, the market have bullish sentiment to break over the resistant.
For moment with Covid case, maybe we can see the price will in range.
KLCI - teruskan perjuanganSemoga KLCI mampu mendaki dengan lebih tinggi selepas 'Rebound' pada paras 1507 di ats EMA 200
KLCI forecastcurrently ongoing wave 4, will retrace around area 0.5 to 0.618. Then will proceed to form wave 5
FBMKLCI - Ulangan Pemulihan 2008-2009Sekadar untuk kajian index - apakah akan berulang seperti masa lalu (2008-2009)
KLCI will make history high again! Before having>50% discount!Expanding Ending Diagonal Pattern. Detail @ The Chart. p/s Inside any Impulsive there is only abc subways
The economy well managed. The Malaysian government make it happen. Even NASDAQ report has given a good credit for KLSE.
Malaysia is one of a big rubber producer in the world. With advantages of rubber plantations, Malaysia have a good cash flow in rubber market, the demand is coming from all the world. Demand of plastic gloves and health care supplies are high due to pandemic Covid-19, beside that Malaysian digital, multimedia and technology company are also giving the good impact. The economy impact will be boost up with the new injection and reopen domestic economy.
KLSE has get trough all the hard resistances, and still far to go. From the monthly chart view, the market price still in bearish. But in weekly and daily chart, a healthy recovery is seen in this Q3 . Crucial resistance is still need to break.
FBMKLCI: Menuju kepada 1690 mataIndeks akan menuju kepada 1690 mata dengan jayanya.
4 tumpuan teknikal untuk diberikan perhatian :
1. Berjaya melepasi MA 200 kali pertama semenjak Oktober 2018.
2. Berjaya melepasi Fibo 0.618, 0.786.
3. Berjaya melepasi paras rintangan terkuat 1555 mata .
4. Berjaya memecahkan garisan trendline .
2 tumpuan fundamental untuk diberikan perhatian :
1. Pengumuman pelan pemulihan ekonomi jangka pendek yang akan menjadi catalyst kenaikan.
2. Konflik politik yang mungkin bakal menjadi catalyst penurunan seketika.
FBMKLCI: Breakout DowntrendlineFBMKLCI: Full candle Morobozu appears breaking downtrend line after 2 years ++.
The "marubozu" Candlestick is roaring..Overall momentum remains strong, underpinned by “marubozu” candlestick pattern. Expected the index will test the psychological resistance in the near term.
Due to Malaysia Government is struggling to fight back the economy, in Q3 is seen a little bit of hope to recover back for a short period.
FBMKLCI: Breakout? We shall see. It is possible FBMKLCI break the downtrend trendline and break out? Or still on Resistance? We shall see it.
FTSE Bursa Malaysia Index - uptrend under wayThe Malaysian index has finished a corrective 3-wave intermediate pattern that retraced around 50% and reached the fourth wave level of two lower degrees, which is a typical end of corrections. It is now finishing to trace intermediate wave 1 or A. We could see a smaller correction up to 1,430 before the uptrend continues. FOLLOW SKYLINEPRO TO GET UPDATES.
FBMKLCI MONTHLYFTSEMYX:FBMKLCI
FBMKLCI DONE CORRECTION AT FIBONACCI RETRACEMENT 38% & 50%.
TRY TO BREAK MONTHLY DOWNTREND THIS MONTH.
Have your cake and eat it !Can we possibly have the cake and eat it at the same time ? I mean is there such thing as best of both world ?
If you understand the intermarket relationship between forex, stocks, commodities, etc , then there are pockets of opportunities available.
For example, those who stay in Singapore (SG) will know that SGDMYR is historically on a bullish trend. Based on the chart, we can exchange for 3.06 Ringgit (MYR) with 1 Sing dollar (SGD).
Like the recent stock meltdown of more than 30% globally, Malaysia stock market has presented those who use SGD an unparalleled advantage. Technically speaking , due to the exchange rate, we are using lesser SGD to buy MYR. So, as the stock price falls, we can buy more lots than before.
And if the KLSE index rose say 10%, you are getting more Ringgit back in your account.
That probably explains why many Singaporeans love to go to Malaysia to do shopping on the weekends, some even invest in the properties there as well.
Now, you can have your cake and eat it at the same time. Go enjoy !
