BM Technology Sector - BEARISHAs of today, the BM Technology Sector is in a bearish trend. The index came close to the support level. See whether support level still holds or breaks. No buy recommendation for technology stocks at next week until we see a trend reversal.Shortby AdamIdris20
BM Technology SectorI believe the drop is for retracement when the tech sector at overbought. I hope to see a rebound in the next 3 weeks. I want to see a continuation divergence prior to bullish continuation.Shortby AdamIdris20
Bursa Malaysia Technology Index - Bullish Break of StructureOver the past six months, the Bursa Malaysia Technology Index has exhibited moderate performance, reflecting the global tech sector's fluctuating conditions. The index saw a notable uptick in the last quarter of 2023, driven by a rebound in semiconductor demand and increased investments in digital infrastructure. However, it faced headwinds in early 2024 due to concerns over global supply chain disruptions and rising interest rates impacting tech valuations. Overall, the index demonstrated resilience with a gradual recovery in recent months, although it remains below its peak levels from the previous year. Supported with the Nasdaq Composite Index, a prominent benchmark for U.S. tech stocks, has been relatively strong, reflecting the interconnected nature of the global tech market. When the Nasdaq experienced a surge in late 2023, fueled by impressive earnings from major tech firms and positive investor sentiment, the Malaysia Technology Index mirrored this trend with a delayed but noticeable rise. Conversely, when the Nasdaq dipped due to regulatory pressures and inflation fears, the Malaysia Technology Index also saw declines, albeit to a lesser extent. This correlation underscores the global tech sector's sensitivity to macroeconomic factors and investor sentiment, influencing market performance across different regions. Last week we can see that the index became one of the factors that lifted the FBM KLCI Index to make new high as the index made a valid Bullish Continuation Pattern by making Break of Structure on Thursday with a bullish closing on Friday. There are two key things that are worth to be observed: 1. Bullish Break of Structure (BoS) at 69.91 on Thursday. 2. To observe rejection at the area of weekly supply around 75.00 to 80.00 confluence with the fibonacci area. 3. Minor supports at the area 66.64, 62.20 and 60.53. A break below 56.93 is a sign of Bearish Change of Character (ChoCh) where the index changes the trend from bullish to bearish. Disclaimer: The information provided is for educational and informational purposes only and should not be construed as financial advice. Before making any investment decisions, individuals should conduct thorough research and consider their financial situation, risk tolerance, and investment objectives. Investing in stocks involves significant risk and may not be suitable for all investors. The value of stocks can fluctuate and may result in partial or total loss of investment capital. Past performance is not indicative of future results. Furthermore, the content provided does not constitute a solicitation or recommendation to buy, sell, or hold any particular security or investment strategy. Investors are encouraged to consult with a qualified financial advisor or investment professional before making any investment decisions. All investments carry risks, including the risk of loss of principal. Investors should be aware of the potential for volatility, market fluctuations, and geopolitical events that may impact the value of their investments. Investors are solely responsible for their investment decisions, and any reliance on the information provided is at their own risk. The author and publisher of this disclaimer disclaim any liability for any direct, indirect, incidental, or consequential damages arising out of or in connection with the use of the information provided herein.Longby fuad_khairi3
Insight of Technology Index Currently, for Bursa Malaysia Technology Index, there's a formation of symmetrical triangle. There's a possibility that index will decline or there's a bullish move on the near future. What's your opinions?by BlessedInMillion1
Malaysia's Technology Index still in bearish triangle. 30/Nov/23It's better to wait for technology index to drop @ 38 +/- ONLY consider to buy your Malaysia Favourite stoks e.g : Inari, DNEX etc..Shortby SteveTan1
Bursa's Technology sector still bearish....Daily : might pullback. Always protect the downside. Need to break the downtrending line (pink) to awaken the bull 🐂 Weekly : it's oversold. An opportunity? Some may think it's good bargain. But in other way, people reject the price and let it getting lower. OS doesn't mean it will up on the next trading days. >> Overall it may pullback, wait for better signal to enter market. Every time one person buy, another sell, both think they are astute. °° I often aim for overbought, in which where the big boy will pump higher (the big money come). Believe it or not? Check your own indicators and picture always tell story. When a stock / index has gone up substantially, we must be more care if we decide to get involve in it... monitor closely and be agile.... we cannot PREDICT what definitely will happen ~ we can only RESPONSE to what we see! Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.by DSELE990
Technology Simple Chart AnalysisTechnology - Rst 67.4 Supp 63 area Same goes to our klse tech chart. If nas100 were to rise & shine, entire market technology sector will follow. Very soon we able to see 67.4 break to go next level. My 2023 Pick For KLSE Tech Counter as below Frontkn Greatec Penta KGB QESLongby FFCloud1
Technology Simple Chart AnalysisTechnology - For KLSE tech already at support to rebound. Let's monitor if is a strong one then individual may play around with its technical rebound.by FFCloud1
Technology Simple Chart AnalysisTechnology Index - A reset button would be an ideally the strategy for the month cause Feds had just shut down a 2022 Christmas Rally unless there is a miracle from Santa. If individual have any tech sector holdings, you may want to look at a lower price cause these double top here will boost the bear strength to slump further until a strong support can be found. by FFCloud222
Technology Index Simple Chart AnalysisTechnology index - More or less, we need to respect the main klse tech index also. If this area break, tech sector will continue its run. That's the reason I take profit most of my tech sector today & wait for another round. Prove of selling source that I am earning Rm200k = USD45k can visit my link in my signature. by FFCloudUpdated 1
Bursa Technology will Drop More My prediction it will reach the middle of the green box.Longby JudasVespasianUpdated 2
Bursa Malaysia Technology IndexBursa Malaysia Technology Index - 7 months of retracement since November 2021. - At its Major Support for potential bottom without lower low price action. - Will the Tech stocks after 7 months of retracement go for a range bound recovery trade? - A bullish tech rally will only be seen once evidently proven the index rally past its midpoint for price action rally. - Bursa Malaysia Tech stocks that have in a consensus been through a 7 months of retracement are all showing good price action of sideways consolidated bottoming. Longby The_3_Lines_Trader_TFM1
BURSA TECHNOLOGY WILL GO TO 0.618 FIBOThis is my prediction for Bursa Technology. 100% wrong and if it goes right then its only coincidence. Only prediction.Longby JudasVespasian1
BURSA TECHNOLOGY INDEX IN CORRECTIONMy prediction : It will drop to Fib 0.5/0.618 as shown on the chart. Cross finger.Longby mni19750
MALAYSIA: TECH STOCKS PEAKEDRatio of Technology Index vs KLCI is at similar levels as the dotcom bubble. Broke below lower red line. Resistance held. Even if US tech melts up, there's no guarantee Malaysia tech will follow suit. Shortby fightingdragons110
Time to collect Malaysia Tech Stocks? 26/Jan/22Malaysia Tech Stocks Index may find its support near 75.75 which is the confluence strong support zone :- 1) Major Demand Zone (Cyan/light blue rectangle box region )... 2) Region/Zone of The Lower Support Line of the Major Parallel channel (Cyan/Light Blue) by SteveTan4
Technology, Finance and Energy Sector ComparisonRecent market movement show that Finance and Energy sector are performing better than Technology. Technology sector MA200 support broken last week. The previous MA200 broken was back in March 2020. We need to respect the market and let the market guide us. Don't go against the trend as trend is our best friend. Will monitor stocks that have setup in Finance/Energy sector.by adamkhoosk4
TECHNOGOLOY SECTOR - Next supportingRetracement condition : 1) Rainbow+ indicator - Technology sector's next support at 86.32 (Long-term supporting line) 2) Tech sector Oversold currently - Turquoise color = Oversold Red color = Overbought Blue color = BCS signal Yellow color = normal status Support & Resistance: S : 86.32 (-2.88%) Disclaimer: Opinion above posted for case study purpose. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.by TheWinningDay0
Malaysia Technology Index waves updated. 13/Jan/221)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...by SteveTan2
TECHNOLOGY TECHNICAL ANALYSISTechnical analysis for TECHNOLOGY Index based on Trend Analysis, Chart Pattern and Fibonacci Retracementby azwanhuzaimiUpdated 1
Bursa Technology Index predicts to Rally if able to break ATHBursa Tech Index shown a good example of compliance to Fibo Extension. 2nd High/ATH is at Fibo extension of 1.618 and retrace to Lower High. this HL is well supported (2x double bottom) If the index break 93.9 (ATH) - Technology Index and its counters should rally together with Bursa Index. Observer the STO cross, which shows an early rally indicator. Longby AqilahS2
TECHNOLOGY SECTOR - fly to the moon???Refer to the EPRAF indicator, there is good line color management according to the “HARGA PALING MURAH ORANG BELI” formula. This is a good sign for the Technology Sector to continue to grow.by DrRafidah5