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Bursamalaysia

{SWC} FBM KLCI/Malaysia 30, Closing Bell (real) 14th Apr 2020 Thank you for your continued support! :) FTSE Bursa Malaysia KLCI closed higher 15.63 points at 1.15% today. I just noticed the previous idea was titled wrongly because I referenced my PC's time at midnight. Asian indices were generally in the green today as China released better than expected trade data. The FBM KLCI staged a breakout at the 1360 region short term resistance and pressed onward to the 1370 region of resistance. As this was recent high on 9th Apr (1371), some volatility is expected from potential profit taking. The KLCI retraced a few points but managed to close just barely above 1371 for a technical breakout. For reference, the high on 13th March was 1369. Bullish targets for the short term include 1383 and 1403. The 1402-1404 region should be more important given it is the junction of both hourly and 15 minutes Fibonacci extensions. For the medium term, the region around low of 12th March confluences with the MA on daily chart making 1420 a key potential resistance to take note. Short term support remains at the 1353 region, while the key Fibonacci levels between 1371 and 1353 have potential for forming new supports. 1317 still stands as the more medium term support region. Stay safe, everyone :)
FTSEMYX:FBMKLCI
by ShareWorldConsulting
{SWC} FBM KLCI/Malaysia 30, Closing Bell 14th Apr 2020Thank you for your continued support! :) This Monday, the FBM KLCI main index closed 0.11% or 1.47 points lower. HKEX is closed for Easter Monday, and the US markets don't open until at night XD. Overall, KLCI was in sideway movement today. The bears teased the 1350-1353 region, but a quick support was found as the KLCI touched today's lowest point at 1352.78, leaving a long lower shadow on the candle. On the 15 minutes chart, we further project a series of intraday fibonacci key levels and found that the 38% at 1359.78 was putting up some resistance as the KLCI tried to move higher in the afternon. Will the 1350-1353 support hold next time? Stay safe, everyone :)
FTSEMYX:FBMKLCI
by ShareWorldConsulting
KLCI Heading To 1405.37 Before Trump| 15th April 2020Looking to the price daily chart, the price is about to breakout the 1370.00 which is the key before the price going to 1400.00. I am holding the buying position today as the price of value RSI showing up before the previous value. The confirmation also has been develop after the candlestick eating all the price previous day. Ringgit has strengten against the dollar this week. You might want to see those article as per below if you haven't read so. www.thestar.com.my I am closely watching and monitor the trump administration. The trump statement made on the 'shortly' is very dangerous to the KLCI. After the news that he only know when is the time to re-open the US economy, perhaps not now the KLCI is in safe mode to 1405.37 if the G7 meeting is not in favour. I am targeting the KLCI to 1405.37 before close the target profit. www.marketwatch.com www.cnbc.com For malaysian traders, I want you guys to read all these article that i have provided. Please subscribe to my telegram if you wish to trade with me or asking me a question regarding the trading. I know many of malaysian traders need help towards the trading. Please contact me if you need answer to your trading. I am opening a study group to regroup company of traders around the malaysia. I also do coaching if you guys seriously want to be a serious traders for full time or part time trading job aspect. Invest at the knowledge first before you make investment towards the trading before you loss money on your pension money or business money. Trading is a serious things and not can be played by gambling. Invest in knowledge first so that you can make a living forever and trade with confident so that you can see your bigger picture of the trade. Thank you. Regards, Zezu Zaza 2048
FTSEMYX:FBMKLCILong
by Zezu_Zaza
FBMSCAP possible dead cat bouncekalau kita tengok based on weekly kita dapat lihat momentum masih kuat untuk ke bawah. price dah hit support dekat area psychological 8000. berkemungkinan price akan membuat rebound mencari 38% fibo line di area 10000 sebelum price meneruskan kejatuhan mencari area 7000 tetapi sekiranya pada minggu ini atau minggu depan support 8000 break kita dapat lihat selling masih boleh berlaku dan mencari support sebelum ini di area 7000 #remisierMIB #stallionbrothers
FTSEMYX:FBMSCAPLong
by Luqmanmatyusof
KLSE Is Going Bearish to 1151.75| Bursa Saham| 16th Mac 2020"Dont buy or sell until you see significant pattern and price. Price has inertia because it carry heavy volume inside the price. Follow the trend and the trend never wrong.." -Zezu Zaza Bursa Saham Trading @ Hotel Armada Petaling Jaya 15th November 2019 As you can see the world market right now is contain of fear. Great great depression is on the way. Economy will collapse. Before it does, the market will pause its trading first time in history. We are making history right now. Anything that passed upon the action towards the reaction is history. Greedy will develop after the fear. After this fear of selling vanish, people will greedy to buy. You must understand the concept of trading before preaching. How can you be so sure the price at this certain time of point will going to increase while all others investor pull all their money out? When the fear took over the market, it must be follow with consolidation. This consolidation has not yet been formed. Bursa Saham trading is not volatile like gold trading or forex trading. Just because of this, we cant expect spike to be happen. In Bursa Saham market, spike will always occurred in bear market. When you have understanding the market and how the market works, then your theory could be functional. While the coronavirus has been declared as pandemic, airport closed, tourism closed, events cancelled, Malaysian new cabinet reformed under the Tan Sri Muhyidin Yasin has not yet started, dollar collapse, stock market crash... who on earth want to buy and hold the buy position for the KLSE stock? If you can answer my question, then I will buy the stock market of KLSE. I love having a debate because it is not simply just give people signal and people losing after following your signal of trading. Every trading buy or sell, we must keep questioning ourself that every trade we put must be under concrete reason. No good reason, dont put the trade because doubt will follow together with fear. Since the price is right now @ 13++, I believe the price will continue to bearish until 1151.75. For my trade, I will looking to close the profit when the price reached 1200.00. You can see the price that the presence of bull trader is not there yet. Bull traders looking the bear traders to losing its momentum on selling the KLSE. While other bull traders is waiting and waiting to push the market up since the bearish momentum was strong. When you see the significant buying, then you can close the selling trade and buy the KLSE after the market is ok. The selling can be in oversold position for a very long time until the stimulus from FED. Next week FED meeting on Thursday 19th March 2020, will expecting they will reduce the interest rate again as expecting. People will sell KLSE again. So, are you gonna buy KLSE ? Ask this question before making any trade. Thank you. Regards, Zezu Zaza
INDEX:KLSEShort
by Zezu_Zaza
BRAHIMS Think to buy BRAHIMS only if it surpasses above ST Resistance level @ 0.310 or Pullback @ 0.255-0.266 BRAHIMS last close (6 Feb 2020) was RM 0.26, +0.030 (+13.04%).This market condition is considered to be bearish. Fundamental for BRAHIMS (9474). brahimsgroup.com FA Ratings : N/A PE = -0.64 ROE = 0.00 % DIY = 0.00 % Mkt Cap: 61.4M (RM) in Small Cap, Consumer Products & Services, Main Market. (Only for education and imformation purposes, should not be taken as a trading call.)
BLong
by Ahmad101