KLSE trade ideas
FBMKLCI index, now at another resistance.If next week the bullish continue, then we are expecting for longer term bullish.
KLSE sector indices performance since November 2020KLSE sector indices performance since November 2020
KLCI Index broke above resistance .. time to long all Big Stocks1620 has been a strong resistance point for KLCI for a long time. It has just broken it this week and it's good time to LONG all fundamentally sound companies especially those that has profitable income and net cash
FBMKLCI: Bullish for GOOD or BADBased on my view,
1) market break the trend and now starting to bullish to completed the last wave (wave 5) - Bullish for GOOD
--------------- OR -------------------------
2) Market already completed correction for wave A and now bullish for wave B before continue bearish for wave C - Bullish for BAD
with current pandemic situation right now and the new MCO order from Government starting next week, most probably the FBMKLCI market will Bullish for BAD.
KLCI - Recent Terms Elliott Wave Count (Bullish) Refer to the chart, KLCI has completed its wave (1) - (2) waves formation and likely moving uptrend towards the wave 1 of wave (3).
This is further supported with past two days candlesticks closing have broken out from its resistance line and stay above the resistance.
Likely to witness bull markets and index will continue to move upwards beginning of next week.
Stay bullish, and happy trading!
FBMKLCI - GOING TO BE SUPER SUPER BULLISHFBMKLCI, after going through many years of index formation into the expanding diagonal pattern the index is highly likely forming into the wave 1 of Elliott wave count.
Market is expected going to be super super bullish as it is now in wave 3 of wave (3) phase.
Stay Bullish.
FBKLCIHistory repeat itself..
July- August double top
now is reapeating
importance to stay above EMA50 - touching this level will be good entry- fail to stay next support will be EMA200
KLSE (MYX)Detailed Elliott Wave Count for Malaysia's KLSE index since its inception.
Once Primary Wave 5 is in - we'll probably head into recession, though that's still a long way to go; probably at least a decade.
KLSE: CAN IT MAKE NEW HIGH?I'M EXPECTING KLSE TO MAKE A NEW HIGH (HH) AND RETEST 1700 LEVEL IN THE NEXT MONTHS FORWARD TO CONFIRM A BULLISH TREND.
Elliott Wave Calculation for KLCIPractising my EW count.
In my opinion, KLCI has completed its Wave 5 and currently having its pullback heading to the south.
Just my 2 cents!
FBMKLCI IS HEADING HIGHERFBMKLCI is going higher in line with the other world's market. Next resistant is at 1861 and should this level hold, the price will go much higher.
KCLI's Performance Relative to Historical Financial Crises. KCLI's Performance Relative to Historical Financial Crises.
Long term Bearish The index has been collapse since early Aug this year followed by a significant breached below an uptrend line and symmetrical triangle in late Oct coincide with MACD sell signal. The collapse was preceded by a Dead cross earlier in Sept, hence confirms our bearish view on the index. The index could continue the down move to at least 1386 which is a minimum triangle continuation target, which falls on the same level at Fibonacci 1.618.
Disclaimer : the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
FBMKLCI [9 November 2020] in Support & Resistant ZoneSupport 1519.39
Resistance 1537.17
To break 1519.39 for next resistance at 1569.67.
KLCI INDEX - REVERSAL CONFIRMED?Chart with timeframe 1 month menunjukan sudah berlaku 'Double Top' dan "Double Bottom'.
Wujud Bullish engulfing pattern disitu.
Target 1565/1640 mata.
#TAYOR
