fuad_khairi

fuad_khairi

1. Key Levels & Context: Range: Price is rebounded from Higher Low for External Structure and MA200 at 0.265 and it is noticeable that the during the pullback, the volume is drying out. 2. Resistance Zone: Strong resistance at 0.340 - 0.360 and 0.365 - 0.380, influenced by: a) Previous Lower Highs acting as dynamic resistances. b) Bearish weekly candle. c)...

fuad_khairi

A new IPO listed in December 2023 that mirrors the bullish continuation pattern with regards to Zantat Holdings Bhd, Wentel Engineering Holdings Bhd. In daily timeframe, price is currently trapped in the sideways/accumulation ranging from 0.280 to 0.315 since Mid April 2024 with a low volume. However, price is struggling to close above 0.315 which is a strong...

fuad_khairi

In daily timeframe, price is currently trapped in the sideways/accumulation ranging from 0.305 to 0.335 since April 2024 with a low volume. Price also is holding up well above both the MA 20 and Ma 50. A weekly bull candle already taken out the long wick bearish candle showing that the bullish momentum still intact for short term period. In lower timeframe H1,...

fuad_khairi

In daily timeframe, price is holding well above the MA 20 indicates the momentum still intact for short term period. In lower timeframe H1, we can see a reversal followed by a bullish continuation pattern and currently price is capped below the supply zone area of 0.515 to 0.525. To further validate the bullish movement, price to close above 0.515 in weekly...

fuad_khairi

Over 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...

fuad_khairi

The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) is a prominent benchmark of the Malaysian stock market, reflecting the performance of the top 30 companies listed on Bursa Malaysia. Over the past six months, the FBM KLCI has experienced a dynamic interplay of local technical factors, global economic sentiments, and the performance of major indices...

fuad_khairi

A bullish continuation pattern can be seen as the price continuously making series of Higher Highs and Higher Lows. For the past 2-3 months, price formed a pullback after the Break of Structure reaching RM 1.87 as the new 52 Weeks High. There are three key things that are worth to be observed: 1. Price rebounded at MA 200 confluence with the Order Block zone. 2....