ENERGY: ANOTHER RALLY TO GO?Any opportunity around this area or maybe slightly lower range? Keep on eye...
Disclaimer:
For discussion and sharing purpose only. NOT entry recommendation. Trade at your own risk.
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Energy Simple Chart AnalysisEnergy - Market recent rise seem to have favour the commodities too. Perhaps we all can take a look into our klse energy index. Once this pattern complete, it will set towards the next resistance 854 area there to complete the rounding bottom pattern. Individual may monitor Hibiscus & Dayang.
Haven't Investors Notice About FBMKLSI Energy Index?If we look to the chart above, we can see that Energy Sector in Malaysia is still undervalue or maybe I am wrong.
Eventhough Oil price is continue rising, but we can see that the Energy Index is at what can be consider a low territor. If we see, while the index making Lower High (arrow 1,2,3) but th
Weekly Index Review: EnergyIndex price supported above 916 line. Can it reach 1126 zone before oil supply recover?
Energy Index Bursa MalaysiaWeekly potential wave-3 (EW) movement for Energy Index and what is leading stocks going to be?
Break ChannelBreak on 08.02.2021. Possibility forming W5. currently completed W4 on 05.02.2021. Can buy with risk 5%-10%.
Weekly Index Review: EnergyForming a higher low. But the MCDX is not showing any banker chip flowing in. Lets observe again if it can continue bullish next week.
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.