Boring_Trader

Boring_Trader

Comment: 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.

Boring_Trader

Comment: 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...

Boring_Trader

Comments: FCPO had hits our 1st uptrend at 4260. There might have small retracement at 4260 level. However, FCPO remain UP trend if FCPO can stay above 4040 level. Our preference: LONG positions above 4260 level with targets at 4437 resistance level . Alternative scenario: A close below 4040 support level look for further downside with 3852 as target.

Boring_Trader

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 .

Boring_Trader

The immediate trend remains UP with strong support zone at 4040. Our preference: LONG positions above 4040 level with targets at 4260 and 4437 resistance level . Alternative scenario: A close below 4040 support level look for further downside with 3852 as target.

Boring_Trader

Comment: 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.

Boring_Trader

The immediate trend remains UP with strong support zone at 4040. Our preference: LONG positions above 4040 level with targets at 4260 and 4437 resistance level . Alternative scenario: A close below 4040 support level look for further downside with 3852 as target.

Boring_Trader

Comment: 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.

Boring_Trader

FCPO still in bearish mode. Those trades who are looking for long may consider enter LONG trade on retracement. 1st Support level: 4,019 1st Resistance level: 4,260 1st Resistance level: 4,437

Boring_Trader

If FKLI fail to break resistance zone 1525 will expose FKLI into downtrend with 1st support zone 1,500

Boring_Trader

AIRASIA closed above EMA 200 on the daily timeframe with a long term support marked by the RM0.51 level. Has the long term downtrend? In order for this bullish narrative to happen, price action need to stay above the EMA 200 days and not break below the RM0.51 support.

Boring_Trader

A successful daily close above the ATH could expose Tesla prices towards the $670 or $750 resistance. Nearest support is the $507 level.

Boring_Trader

Alibaba prices are currently just above the EMA 200 days support. Shall prices manage to stay above this important support, there is a good chance it could retest the $284 resistance. If that resistance gets taken out by the buyers, the next possible resistance is its all time high of around $320. However a close below $247 could put an end to this uptrend potential.

Boring_Trader

Maybank could have a long term uptrend shall prices keep staying above the EMA 200 days. This bullish analysis is invalidated shall prices closed below the RM7.00 support level. Additional fundamental info: relatively low P/E and high dividend yield.

Boring_Trader

Tesla prices are trading below its ema 20 days and could further drop. Its a short term short selling opportunity with targets at 50% or 61.8% Fibonnaci level. Subsequently any bullish price action from 50% or 6.8% Fibonnaci level represents long term buying opportunities with targets towards the $400 and its all ATH level.

Boring_Trader

S&P 500 Futures currently trading above the 3,400 level and hence there's a chance it might retest the all time highs or touch the 3,600 psychological level. However a successful daily close below the 3,400 support could invite selling pressure and a potential retest to 3,200 support.

Boring_Trader

Prices of gold managed to sustain above EMA 200 in the daily time frame. Coupled with MACD golden cross, there is a possible chance GOLD could rally towards the 1,950 resistance or even the 2,000 level. However a close below 1,888 could negate this uptrend analysis.

Boring_Trader

GOLD IS ON CONSOLIDATION STAGE. WATCH OUT