KLSE trade ideas
FBMKLSE ready for another rally soonAfter few months of consolidation, markets come to an end of testing the downside.
I'm looking at the first target of reaching 1659 :)
Energy, Finance, Healthcare sectors will be leading the market.
KLCI - Correction ended soonWe suggest KLCI has reached 1769.43 - 1638.81 Price action zone.
Formation X wave might have ended.
Invalidation - 1894.95
Target - 1208.18
KLCI forming bottom Following my last post, that KLCI retraced on 33% on the daily chart, (refer to my last post on KLCI), it seems that on March 26, KLCI retraced at 33% on the hourly chart as well.
KLCI rallied on at the last hour, pretty much the same as SPX which rallied on the last 2 hours on March 26.
Expecting the general markets to go up from here
KLCI right on 33% retracement March 25 - The bursa KLCI index should be on the way up today.
Oil stocks should fare well as Crude rose by more than 5% overnight.
Nothing much to say beyond this.
KLCI Up Trend In TactOverall KLCI still in up trend. Strong support @ 1612... POSSIBLE retrace tp the support and go up.....
KLCI - Potential Inverted Head and Shoulders forming?May be a bullish set up to April 2021 if the index moves up over the next few days to close the neckline around 1640
Weekly FMBKLCI Index reviewWeekly chart breaking off the trendline and gap up this week. Good sign but however a long logi leaving a concern that pull back is expected.
For time being we can set 1600 as the support line. As long as this 1600 support can sustain, overall uptrend pattern is still valid.
#JeremyTrendingStock
Weekly FBMKLCI ReviewGood sign. Breaking out upper trendline last Friday with recover of Bank sector and glove counters rebound. If bullish continue following weeks, then we can expect for longer term bullish cycle.
#JeremeyTrendingStock
KLSE 3.3.21 LONG IDEAKLSE pure technical view..
After the last breakout new high D1 TF..
Need to complete ABC :)
FBMKLCI waiting to breakthroughis for sharing the idea and educational purposes, not for buy/sell call.
Current support level
Momentum, local and global sentiments roll the mkt
FBMKLCI Elliot analysisFrom the daily chart we can assume that the candle already break the major support. The conformation will be tomorrow candle, to see if they can come back from the support. If the klci can't came back from support it will be continue zigzag on arrow that i have been located. The completion is under Y on 0.5 or 0.618 of wave 2.
FBMKLCI - (FTSE Bursa Malaysia) KLCI - Bullish TrendHumbled, we would like to thanks for your support who has already liked, commented and followed us.
Your support, strengthens us, to help in analyzing the market.
FBMKLCI - (FTSE Bursa Malaysia) KLCI - Bullish Trend
KLCI: Head and shoulder fully formedhead n shoulder fully form, next 1560 key point. if cant hold, back to 1520 or lower (probably another flash crash)
1560 is the point where h&s being held or not. (Reversal point)
Weekly Chart:
RISING WEDGE SIGN FOR A MARKET CRASH?Rising wedge is a bearish pattern that begins wide at the bottom and contracts as trading range narrows and the prices move higher. For a short term, the price might bullish and can consider to buy at price RM 1527 since the price in completing Wave D before it will moves to complete Wave E based on Elliot Wave structure. Last but not least, monitor the price action to minimise the risk when have an entry position and control money management.
Fall Two FloorsFBMKLCI will fall breaching below the 1600-point level and fall onto the major trendline (Support 2), corresponding with sma200 and will rebound higher.
Weekly Index Review: FBMKLCILong logi form last week. Next week has to be close higher than 1631 confirm it is a morning loji star.
