14th June 2021
The FBM KLCI finished 0.46% or 7.3 points higher at 1,582.46 in line with gains in regional markets. It a good start to the week but also a challenging week. The local political front, uncertain over the outcome from the Agong's meeting with the council of rulers this Wednesday, expect investors to stay sideline waiting for the final outcome....
Pansar successfully break above the 2019 major resistance level!
The price broke away the resistance with significant volume , widely expected the big boy is in action!
According to the FIBO Projection show that PANSAR could challenge the RM0.680 (61.8%) , if the momentum strong enough could hit RM0.755 (100%) .
The current support level at RM0.59...
Since Oct 2011 S&P 500 started the bull run after the happened of "Black Monday" (the US and the global stock market crashed following the credit rating downgrade by Standard and Poors)
According to the chart, the index follows the EMA signals quite closely.
Red EMA = Momentum movement
Blue EMA = Mid term trend
Yellow EMA = Long term trend
Firstly, as we can...
The Gold price movement currently moving at downtrend direction, but it could create another lower high point. The GOLD moves nicely into the trend with hitting the upper and lower bands channel line. Based on its behavior, the bounced and correction it could in the ranges of approximately 3.5%-4%.
Now the GOLD price touches the lower bands of the trend channel,...
