edramlan

edramlan

Price moved to the targeted level as expected even though it took a while to reached it. As of last week, bearish is still in control. Price is expected to make a retracement to fill up the gap and then continue lower to the first TP (TP1) before eventually reached TP2. If you like or agree to this idea please give it a "Like" or a "Boost". Cheers.

edramlan

Expecting that FCPO will continue lower next week. Probably it will move closer to the 4200 to 4100 area. From there it will depends on price action on the next direction.

edramlan

FCPO is bearish. This is a short week and I'm expecting price to make a retracement before proceeding lower. So it is bearish this week and probably it would be bearish as well going into next week.

edramlan

A retracement followed by a bullish key reversal and an inside bar candle usually a good indication that price would continue higher. Thus next week I'm expecting a higher price for FCPO and TP should be around 5200. However if price failed to move forward beyond the area of 5065 then there is a possibility that price might go lower. For now it is bullish.

edramlan

It is still bullish. It is expected that the price will continue higher or at least tested the 5200 price level. There are 2 options. It will either go ahead bullish on opening next week (OPTION1) or making a retracement to fill in the 4hr GAP and then continue higher (OPTION2). OPTION 2 is the preferred price action.

edramlan

FCPO is having a good retracement last week. Overall the trend is still bullish until proven otherwise. However I'm still expecting a bit more downwards before price settling to start a move a higher. A move below 4600 is a possibility next week. From there, depending on price action, the price might consolidate a bit before starting to move higher.

edramlan

I don't think that we are done with the move downwards. I think there is still some room down and the retracement will continue towards Target 1 and if that level didn't hold then it is likely that the index will move towards 1540 (Target 2). Then depending on the price action, KLCI would probably try to make a move higher. For the week ahead, it is still bearish.

edramlan

I'm expecting that KLCI will continue to track lower to break the 1600 level. TP1 is around 1590 level and from there, depending on the price action, it will continue to go lower. Next target lower is TP2 which is around 1580 to 1570.

edramlan

FCPO is bullish. However it starts to look heavy and overbought. Waiting for a retracement lower might be a good idea before committing. If the retracement holds and creates a support area then there is good probability that FCPO will move higher and possibly creating a new higher high above 5000.

edramlan

Price has been moving higher after penetrating the neckline of the rounded bottom. Price stays above the neckline for the passed 2 weeks and it should be the indication that momentum is building for a move higher. However expect that price will make a retracement lower to the support area. If this area holds then price should continue higher and possibly making a...

edramlan

Bitcoin looks interesting (well at least to me). It seems that it is ready to go in a bullish run. Waiting for opportunity to go bullish once price pullback to the 58,800 area. Immediate target is around 61,200 area and larger target is around 65,000. Like and follow if you agree with this idea. Happy profit day!

edramlan

The 4-hour chart indicates a strong upward price movement. An inverted head and shoulders pattern has emerged, with the price breaking above the neckline, marking the first wave of the move. This was followed by a brief consolidation phase, representing the second wave. Now, the price appears ready to resume its upward momentum, potentially forming the third wave....

edramlan

Yesterday's movement might have broken the range. However, a retracement is expected, presenting an opportunity to sell. Consider selling with a target of 3600.

edramlan

Yesterday, FKLI nearly reached 1500 points due to a significant sell-off, similar to other markets. In the short term, there might be some reactionary buying, but a further decline is expected. I anticipate the price will eventually drop to 1500 points before consolidating to determine the next move, whether lower or higher. Currently, we can expect a brief...

edramlan

Last week, prices moved within a narrow range between 3900 and 4000. Unless there is a significant move that breaks through this range, either higher or lower, the market will likely remain neutral. This week, pay special attention to this range, particularly the levels closer to 4000, as a breakout in this area could signal a strong market move.

edramlan

Last week, it was anticipated that the price would retrace higher before moving lower. However, this did not materialize. The 3900 to 4000 range remains a critical area, with the price continuing to move within this band. Currently, forecasting the outlook is challenging, but based on recent price reactions, the market appears to favor the bulls. Next week, we...

edramlan

Based on last week's price action, FCPO appears to be trending lower. Pay close attention to the price movements between 3955 and 4000. If bearish price action is observed within this range, it could present a good opportunity to enter a short position. Like, comment or follow if you like to idea.

edramlan

Last week, the price broke through the 4,000 resistance area and closed above it. However, it hasn't moved significantly higher and is currently consolidating. It's expected that the price might retest the 4,000 area before moving higher towards the 4,200 level. If the price drops significantly, the outlook could change, potentially reversing the trend. Given the...