KLCI 1515 is the "key" support. 20/9/21KLCI may found major support at around 1515 where there is a confluence zone of 1) trend line (yellow dotted) resistance/support flip zone 2) Major Demand Zone
FKLI1! trade ideas
FKLI hourly breaking support?The FKLI1! Index futures are looking to break its immediate 1543 support on the hourly timeframe to head lower targeting a low of 1525.
Drop a comment if you agree.
FKLI COMMENTARY 07092021Comment:
FKLI traded in sideway between two yellow trendlines highlighted. IF FKLI break above yellow trendlines , bullish flag will materialize. Traders may looks for Buying opportunities.
Our preference:
IF FKLI break above yellow trendlines , bearish flag will materialize. Traders may looks for selling opportunities with targets at 1595 resistance level .
KLCI sentiment turned Bullish Even w/ "Old" Hse Cabinet 30/8/21Hallelujah!! ( Hari -Hari Duit Ah !!) ).... KLCI Index Price have broken wave b (Green Circled) High AND descending Channel confirmed the Running Flat Pattern wave B (Red Circled) completed. Meant KLCI index have turned from bearish to bullish and index price will break all time high in 1-2 years...
KLCI. Should we runaway from Bull's Torn?! 25/August/21KLCI index price now currently at the down trend line (yellow dotted) and Supply Zone (Red Zone).. Price could be stalled and resuming its down trend..
FKLI TRADING : 299) celebration moodthis is number 299...
The announcement has been made yesterday. The "you-know-who-he-is" has made an important announcement that he is resigning...and the whole market is celebrating...yeah, yahoooo, yesssss...
OF course not, the market is celebrating bcox there is an uplift frm the stricter mco to a more lenient emco and the opening of the 18 industries for economical recovery. that is the main reason for fkli-aug to shoot all the way up frm low of 1500 to 1524 tdy on 17th Aug 21...
I am not an economist so I won't cover much abt the economy part...but for the technical analyst part, fkli-aug has made an ISH (Initial Structure High) in hourly chart and might move further up to test 1532-1538 b4 challenging the strong resistance at 1550...
Of course, new PM and new government which is formed will oso bring some impact on the economy and stocks market as well. I believe that the stocks market will show some kinda rebound as well. fingers cross.
Albeit all the gud factors, market is still haunted by high covid-19 infection numbers, vaccination numbers which is still low, the market recovery and unemployment/retrenchment issues on the rise...so, this could be a temporary release of the falling pressure and the rebound could be a short lifespan and a longer sideway market could prevail...so I am bullish in the short term as a rebound/recovery and still maintain bearish in mid-to-long term.
IF you are keen on fundamental analysis , then watch out for mco uplift, covid-19 situation in Malaysia, political uncertainty, etc...
*plan your trade and trade your plan... gud luck*
higher resistance : 1550
immediate resistance : 1522-1538
support : 1494-1505
critical support : 1478-1486
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FKLI TRADING : 296) a bullish divergence signalthis is number 296...
fkli-aug has a fresh start with sliding near the support level of 1486...today, it is seen that a bullish divergence signal has appeared.
the price has slid lower but the RSI going up, sometimes it is called rsi divergence too. this happens in hourly timeframe, so u can check it out.
Of course, this doesn't mean u should jump in and ride this bad boy straight away. For me, I would wait for a breakout above the Lower-High of 1534 before anything. SO, u should still stick to ur trading plan if u have any. If u dun have, get one.
IF the rebound attempt fails, we should see some support at the next level at 1457-1460...that's all for the update.
IF you are keen on fundamental analysis , then watch out for mco uplift, covid-19 situation in Malaysia, political uncertainty, etc...
*plan your trade and trade your plan... gud luck*
higher resistance : 1550
immediate resistance : 1516-1533
critical support : 1486
lower support : 1457-1460
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
DAILY FKLI COMMENTARYComment:
The immediate trend remain down.
Our preference:
A candle break below 1482 could trigger selling pressure towards the 1460 support.
Alternative scenario:
A candle closed above 1500 resistance level could suggest buying pressure . Trader may look for long opportunities with 1510 as target.
DAILY FKLI COMMENTARYComment:
The immediate trend remain down. However, there might shows some weakness in this downtrend as FKLI reach it's support level 1485 zone.
Our preference:
Traders may looks for selling opportunities at least have a candle closed below 1485 zone with targets at 1460 support level .
Alternative scenario:
A candle closed above 1500 resistance level could suggest buying pressure . Trader may look for long opportunities with 1510 as target.
KLCI maybe forming an expanding flat pattern. 1/August/21Even KLCI future index breaking a previous low it's still possible for its price to rebound back to around 1540..
DAILY FKLI COMMENTARYComment:
The immediate trend remain down as long as FKLI stay below 1525 level.
Our preference:
Traders may looks for selling opportunities with targets at 1500 support level .
Alternative scenario:
A candle closed above 1525 resistance level could suggest buying pressure . Trader may look for long opportunities with 1538 as target.
DAILY FKLI COMMENTARYComment:
A candle closed below yellow highlighted will conclude that FKLI will continue trend downside.
Our preference:
IF FKLI break below yellow trendlines , bearish flag will materialize. Traders may looks for selling opportunities with targets at 1500 support level .
Alternative scenario:
A candle closed above 1525 resistance level buying pressure will kick in. Trader may look for long opportunities with 1538 as target
FKLI - Still Plagued by WeaknessFKLI Daily
Trend: Bearish
Rst: 1,532
Spp: 1,509
Remain in tight consolidation zone between Fibo Ext 50 - 61.8%, no significant sign of improvement observable from Daily or 4H chart yet. The index will plagued by weakness for certain period of time.
DAILY FKLI COMMENTARY Comment:
FKLI traded in sideway between two yellow trendlines highlighted. IF FKLI break below yellow trendlines, bearish flag will materialize. Traders may looks for selling opportunities.
Our preference:
IF FKLI break below yellow trendlines, bearish flag will materialize. Traders may looks for selling opportunities with targets at 1500 support level .
DAILY FKLI COMMENTARYComment:
There is potential bearish flag in 1 hr chart. Once the bearish flag materialize immediate trend remains down
Our preference:
Short positions below 1525 with targets at 1500 support level .
Alternative scenario:
Above 1525 resistance level look for further upside with 1538 as target.
DAILY FKLI COMMENTARYComment:
The immediate trend remains down with strong resistance zone at 1525.
Our preference:
Short positions below 1525 with targets at 1500 support level.
Alternative scenario:
Above 1525 resistance level look for further upside with 1538 as target.
FKLI If FKLI fail to break resistance zone 1525 will expose FKLI into downtrend with 1st support zone 1,500
FKLI TRADING : 293) building base but not confirm reversal yetthis is number 293...
after breaching below the strong 1550 support level, fkli july has been trading below it since...the recent move is...hovering below 1515 and reached low at 1500...1534 has to be breached to confirm a reversal...till then, still a sideway market with bear in charge...bull has lost its fight and not sure when it will return...
IF you are keen on fundamental analysis, then watch out for mco uplift, covid-19 situation in Malaysia, political uncertainty, etc...
but normally, before the news come out, price action already made the move...that's why, I am not a fan of fundamental analysis...
it is not the bad news which "kills" the market, it is usually the uncertainty...so sideway market breeds advanced pattern, so if thr is any, I shall update...gud luck folks...
*plan your trade and trade your plan... gud luck*
higher resistance : 1550
immediate resistance : 1523-1533
critical support : 1515
lower support : 1486
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
KLCI Future Index updated. 13 July 21KLCI future index price possible could have a retracement back to around 1570 at upper trend line of the channel ..
KLCI Future possible hold above 1500..4/July/21If ....KLCI Future Index Price could hold above 1500 by end of the year..possible forming an ending diagonal pattern at wave (C)(Cyan/light blue).. AND ..Probably will resuming its up trend toward above 2000
FKLI - Risk of Breaking DownFKLI Daily
Rst: 1,565
Spp: 1,532
The index is on the verge to break down from pennant formation, since this is the second round it fails to hold its support at MA200, the tendency to breaking down is high.
KLCI Future Index possible Deep Correction as US Index. 21/6/21As "They" Said When US Future up, KLCI won't always follow.. BUT When US Future "drowning...."... KLCI will sing...l " I will follow You.....".. Maybe KLCI Next Major Support Could be around 1400
FKLI TRADING : 291) consolidation phase-bullish bat patternthis is number 291...
another advanced pattern discovered side-by-side to the earlier advanced pattern, bearish cypher pattern...this is a bullish bat pattern...\
entry level is the controversial 1550 ---super strong support, also the indicator of sideway or bear market...entry is possible at 1552, SL below 1545, 1st tp 1570...no 2nd tp...haha...not sure if it is going back up this time...we hit this level at least 4 times this year alone...
the higher the frequency of the hit, the "softer" it gets, so, gud luck folks...
*plan your trade and trade your plan... gud luck*
higher resistance : 1592-1597
immediate resistance : 1572
critical support : 1550 (the-hasn't-broken-and-possibly-never-will-level) also the lowest-low so far
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
