KLSE is looking bullish.KLSE is in the nice ascending channel. From the current position the index might push down a bit to 1460 before making a push higher into 1500 area.
KLSE trade ideas
KLSEOpportunity for KLSE. >> TAYOR
* Waiting this breakout guys, good opportunity for KLSE. Keep Watching Together, Rise Together.
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
Honeymoon over, FBMKLCI looks to continue the downtrend for nowSince the index failed to break the 1900 barrier and formed the double top in 2014 & 2018, it has been down ever since.
Though the index managed to recover from sharp drop during the COVID-19 pandemic, it remains below the 200 moving average.
Expecting it to retest the downtrend line in the second half of the year.
Government looks more stable now but honeymoon time is over.
Budget 2023 tabled today was not so enticing so it seems the only way is down for now.
Poor index performance makes momentum trading more challenging.
Just reminding myself to be more selective and conservative in the coming weeks to months.
What will happen to KLCI after State Elections? Currently KLCI hoover around strong Resistance at 1460 and we can see the double top potential on the chart. The MACD indicator also showing weakness by developing the bearish divergence pattern. Current support is at 1450 level and if this support broken, next support will be at the strong support 1437 and 1432.68. KLCI must defend this support in order to continue the bullish movement.
(Disclaimer : Personal analysis and for educational purpose only)
Is Malaysian market going to the NEW HIGH...?It's not financial advice, be wise when you trade, and take note this analysis for long term investments.
Everything was explained on the chart.
GOOD LUCK
Lets Hope FBMKLCI Visit 2008 LevelThe 1997–98 Asian financial crisis began in Thailand and then quickly spread to neighbouring economies. It began as a currency crisis when Bangkok unpegged the Thai baht from the U.S. dollar, setting off a series of currency devaluations and massive flights of capital.
The 2008 sub prime crisis-The decline in overall economic activity was modest at first, but it steepened sharply in the fall of 2008 as stresses in financial markets reached their climax. From peak to trough, US gross domestic product fell by 4.3 percent, making this the deepest recession since World War II. Housing prices increased, then fell, due to the subprime mortgage crisis. Banks went into crisis. The stock market plummeted, erasing wealth.
2023?
KLCI. Waiting for re-budgeting. 22/Feb/23.Long KLCI @ 1408 +/- on around March/April. Probably last “chance” to “accumulate” blue “cheap/chips” stocks! But probably not Banking Stocks.
FBMKLCI 2023 OverviewThe S&P500 rose after the release of minutes from the Federal Reserve's most recent meeting, which revealed members were laser-focused on managing inflation even as they decided to delay their rate hike pace. Officials at the Fed's policy meeting on 2022 December 13-14 agreed that the US central bank should continue to raise the cost of credit to restrict the rate of price increases, but in a gradual manner to reduce the risks to economic development. Investors were pouring into the Fed's internal debates for hints about the central bank's future course. Following the meeting, Fed Chair Jerome Powell stated that additional raises were required, striking a more hawkish tone than markets had anticipated.
My POV on KLCI could traded as low as 1000.00. International trade could affected from strengthening in USD currency whereby hawkish in import/export prices.
FBMKLCI Simple Chart AnalysisKLCI - Possible a rounding bottom to be form under the administration of new Government which led by unity government.
How to view the guidance via chart ( Refer back to pin message guidance if to trade )
Red Line = Support
Blue Line = Resistance
Light Blue = bullish/bearish pattern
Arrow = Double/Trip top/bottom
Red Chip = $$
Green Chip = XX
KLCI with new PM/Gov. 25/Nov/22For Studies Purpose ONLY. Malaysian have just voted and celebrated for their new government with its stock index surging >5%..BUT it probably need “some time” to “reformatting” the “bad hardisk’s sector” left by previous....
FBMKLCI - Breaks below the NecklineComment :
1) FBMKLCI has fell below Neckline A on 19-Sept, the prior short term rebound is likely over. The next supporting/rebounce point is expected to be around 1402. The bearish trend underway since 19-Aug. Please take cautious in your trading plan at the moment as the market could be getting more fluctuate.
2) TrendX+ indicator - red candlestick still moving below trend line, mid-term downtrend.
3) DDX+ indicator - bear signal on 19-Aug still valid.
4) MCDX+ indicator - banker bar (red) is absent, while retailer bar possess more than 80%.
Support & Resistance :
R : 1402 +/-
Remark :
Length of ab=cd
DISCLAIMER :
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
KLCIFrom my point of view, this index shows a possible bullish movement as the price already test the bearish trendline for the third times. Its mean that resistance trendline might become weak. Futhermore, price also did a breakout from previous high or resistance and on it way to resistance become support area. Malaysia general election also in near time and surely it will affect stock market. It is because the candidate or parties will give 'gula-gula' which is to good to be true manifiesto in order the citizens vote them in upcoming election. The budget 2023 announcement also can affect this index as the budget been postponed due to parliament collapse. US index also in recovery mode from their lowest before this. Rip my english hahaha
FBM KLCI Weekly TimeframeBuying Opportunity of Lifetime.
- August 1998
- End of 2008 to early of 2009
- March 2020
- October 2022
Simple strategy - buy blue-chip/component of KLCI when the price on lower channel.
Profiting way - Capital appreciation and Dividend given.
KLCI possible “bottom” @ around 1320 by end 2022. 13/Oct/22FMBKLCI’s “seem” like forming a triangle pattern in supercycle wave (b) (yellow). Price seem like contracting before “exploring” to upside “ONLY” after 2027..P/s.. it seem like most Index. E.g US, Asian point to year 2025, 2035..
KLCI On Going To $1206 Price | Bearish Movement | 111022 | It has been an excellent rollercoaster for KLCI Indeks.
We are in the midst of a downturn in pricing when the price of Ringgit will not stand a chance to recover in the next 2 years.
While we are in the midst of dissolution in Malaysia. We do not have any current prime minister running for management.
While this dissolution only makes the settlement in not go in order. While all the companies in Malaysia are still having a downturn in profit.
In order for the index KLCi on going to the trend, I can't see anything on the clear road except bearish.
The CPI index accumulates and all the housing price is on the going rising to make the purchasing powerless.
The breath and health of the current demand is not in favor.
I predict the price of KLCi bearish to $1206.
KLCI - Malaysia Composite Index Expected to Fall !!!!Based on the early analysis, KLCI is expected to fall to 1008 if it closes below 1270 on the monthly candle. Keep track of the monthly levels, the market is expected to be volatile due to the upcoming elections and the associated outcomes from the election.
Continued USD strength could mean lower lowsHowever once USD starts to persisently weaken next week or 2 weeks than KLCI could get a significant relief rally
FBMKLCI - Bear signal watchoutComment :
1) TrendX+ indicator - first red candlestick appear, wandering above trend line , mid-term uptrend
2) DDX+ indicator - watch out for bear signal that came out on 19th August 2022, and also look out for red trend-cross which indicating a resistance
3) MCDX+ indicator - banker bar (red) fall below MA10 line, while retailer bar (turquoise) starting to appear, indicating a retracing now
4) FBMKLCI is under retracement currently, it will need to break through resistance @ 1519.68 to potentially enter long positions
Support & Resistance:
R : highest on 19th August @ 1519.68
DISCLAIMER :
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
KLCI could go down another 10% from hereContinued BNM rate hikes might bring KLCI to 1350 by December or January
Market trajectory for the remaining 2022 According to the latest data release on Q2 GDP growth, klci are looking bullish and with the general election outlook being the focal point or the remaining month of 2022. Technical view of the forecast , expecting the target 1710 to be reach high are formed around 1695 and likely to trade pass that price. Looking forward on the remaining GDP data for more information.
Consolidation may occur when passing 1610 mark . Awaiting for the next catalyst on September for Quarter result.
Higher USD and Yields will push equties downOnly low Inflation, BNM easing and Big Spending can push Equities higher again
KLCI - Sub-impulse wave ended, Potential buy at 1,469KLCI has completed its minor 5-wave move and as the diamond top has formed, it hinted a potential reversal. Furthermore, the corrective expanded flat is forming, with 1469 being 161.8% extension of the diamond top.
