FKLI1!
a possible reversal signal _ formation of "lone island" today we saw a formation of a classic reversal pattern which is called "lone island" in both hourly and daily charts...this could mark the end of the recent uptrend and reverses to downtrend...
current support : 2400
lower support : 2300
resistance : 2420
FKLI TRADING : 93) deep bullish gartley patternhi, everyone...this is trade 93) frm haidojo trading...a possible formation of a deep, bullish gartley pattern in hourly chart, fkli...
"consolidation breeds advanced pattern", so the saying goes...but of course, if you don't trade advanced pattern, or you never even heard of that name, PLIZ...STAY AWAY...a possible leg D completion ranging frm 1667-1660 kill zone...SL can put a few points below 1660...
1st tp 1587, 2nd tp 1600...pretty gud risk reward...
WARNING : this is juz a trading idea...thr is no indication of buying nor selling...this is juz my personal trading journal, trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FKLI TRADING :92) BULLISH CYPHER PATTERN hi, this is haidojo trading in trade no 92)...a possible formation of bullish cypher pattern with leg D completion at 1512-1518...
yeah, I know...it is too early too say...so juz KIV...(Keep In View)
WARNING : this is juz a trading idea...trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FKLI TRADING : 91)formation of "head-and-shoulder" patternthis is trade no 91)...haidojo trading here...we are right at the support level now, 1587-1594...
the neckline is range frm 1550-1560, as long as this neckline is not broken, uptrend still persists...However, as lower-high and lower-low are formed, then higher possible that the price is moving downside...
higher resistance level : 1616-1620
immediate resistance : 1608-1610
so now , it is either sideway or reverse...unlesss 1620-previous high is broken, then onli uptrend is confirmed...
WARNING : this is juz a trading idea...trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FCPO TRADING : 90) one-day of sidewaypay attention to support level : 2625-2630...
resistance level : 2690-2700
watch out for gap down go down scenario, whr a possible reversal signal has been formed...
lower support level : 2580 -2560
fcpo-oct still on uptrend, temporarily no reversal signal yet...
WARNING : this is juz a trading idea...trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
bracketing the market again...waiting for breakoutfcpo has yet come to a tight range consolidation...as I am a breakout trader, I am anticipating a breakout to either side, upside or downside also will provide some trading opportunity...
current support : 2420
lower support : 2400
current resistance : 2470-2474
lower highs are formed for fkli_junenot looking gud for fkli as more lower-highs are formed in hourly chart...IF the breakout of 1486-1490 happens, we shall see more selling pressure...the gud news is, june is " windows-dressing" month...so probably we will see some uplift during the last few days of the month..
immediate and critical support : 1486-1480
immediate resistance : 1515 - 1520 depends on SMA-200
strategy : short on rebound or wait for breakout of 1486 support...
9) johore tin- top 20 jewel series of malaysia stockstop 20 jewels frm a very popular local bank...
technical : let's look at some price action...
johore tin has been trading sideway since 2017...now it is trapped in a possible "head-and-shoulder" pattern with the neckline formation at RM1.38...
current support : RM1.38
lower support : RM1.28
resistance : RM1.62 - 1.76
Overall, johore tin is still in consolidation phase, breakout to either side shall signal us a buy or a sell...
WARNING : this is juz a trading idea...trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
8) hibiscus - top 20 jewel series of malaysia stockstop 20 jewels frm a very popular local bank...
technical : let's look at some price action...
after a huge "head-and-shoulder" pattern, hibiscs has been tru a gap down in mid-March, and a slow, rebound has occurred...
recent move, hibiscs is in asymmetrical triangle pattern, breaking to the upside is RM0.71-0.76 resistance while to the downside, is the RM0.55 support level...
current support : RM0.55
lower support : RM0.40-0.25
resistance : RM0.71-0.76
Overall, hibiscus is still in consolidation phase, breakout to either side shall signal us a buy or a sell...
WARNING : this is juz a trading idea...trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
this is trade 88)
FKLI TRADING : 83) 1st support level reaching the 1st support level --- 1587 -1590...
1) long 1587, 1st tp 1606, 2nd tp 1616
This is trade no 83) frm haidojo trading. this is one of the trade in the last 2 possible trades...fkli-july din make a Double-Top as expected...reaching the 1st support level at 1587-90...
or if you can wait, the second support level at 2560-2555...
support level : 1587-1590
lower support level : 2555-2560
resistance : 1616-1620
still indecisive of the direction yet...but overall, market still in uptrend...
WARNING : THIS IS JUZ FOR EDUCATIONAL PURPOSE ONLI, TRADE AT YOUR OWN RISK
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FKLI TRADING : 84) I have a confession to makethis is trade 84) frm haidojo trading..as predicted earlier, fkli has broken below the 1587 and went very close to the 1555-1560 level, but not touching it...
so now after breaking tru 2 level of supports, which are 1587 and 1570 (I have to confess, I totally missed this)...now price has found a new support level at 1563...somewhr in between 1560 and 1570...
support level : 1555-1560
lower support : 1512 -1500
resistance : 1587-1590
higher resistance : 1616 - 1620
in my opinion, some key level of support has been broken, therefore reversal has happened and ur trading trend should change...watch out for short instead of long...of course, I could be wrong...? hehe, no expert here but definitely a chart-luver...
WARNING : this is juz for personal use and educational purpose onli, pliz do not take this is hint of buying and selling, trade at your own risk...
**welcome to leave any comments and your "LIKE" and "FOLLOW" are highly appreciated bcox they have become my main motivation to continue posting high-value contents...**
FKLI TRADING : 81) 2 possible trading opportunitieshi, this is trade 81) frm haidojo trading. I am presented with 2 possible trading opportunities in fkli-july...
1) for a possible counter-trend trade, if formation of Double-Top happens near 1616-1620, and RSI OB(Overbought), then go for short with the 1st tp near support level 1580, 2nd tp near 1560...make your SL possible like 5-10pts abv entry...
2) if you are going for trend-continuation trade, then wait for some signals at 1580, tp 1616, SL 5-10pts below entry...
or long at lower support level, 1560, 1st tp 1580...2nd tp 1616...SL put 5-10pts below entry...
WARNING : This is just for educational purpose onli, it is not a hint of buying nor selling...pliz consult your financial advisor before putting any extra risk in your futures trading...
FCPO TRADING : 82) reaching the 1st resistance-2560still uptrend, reaching the 1st resistance -2560...
might retest the next level at 2630...or retraces back to previous resistance-turn-support, 2476-2500...the end of fcpo-sept, new active month is fcpo-oct...
current support/resistance : 2560
higher resistance : 2630
lower support : 2476 - 2500 psychological number
WARNING :THIS IS FOR EDUCATIONAL PURPOSE ONLY. NOT FOR HINT OF BUYING OR SELLING.TRADE AT YOUR OWN RISK.
**your FOLLOW and LIKE are my best motivation to continue posting valuable contents...**
FKLI TRADING : 80) bearish divergence formation in daily chartthis is trade no 80) frm haidojo trading... bearish divergence is formed in daily chart for fkli-july so it is possible a signal for reversal...
fkli is facing resistance for 1620-1640 range...
current support level : 1580
lower support level : 1560
thr is no confirmation shift of trend yet...therefore shorting the market seems to be a bit too early...however, eyes wide open for more reversal signals to come...
WARNING : juz for educational sharing, not for buying nor selling hints, pliz trade at your own risk
FCPO TRADING : 79) imminent breakout to the upsidethis is trade 79) frm Haidojo trading...fcpo-sept has broken to the upside to test further resistance frm 2560-2630...
full steam ahead...! with 2 more days before the exchange date on 16th of the month, so I guesss the price is going to go wild...
overhead resistance : 2560 -2630
support : resistance-turn-support 2474-2500 psychological number
market is bias to the upside so trend-continuation trade is preferred...
WARNING : no hint of buying nor selling, pliz trade at your own risk...
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FCPO TRADING : 78) false breakout shows its ugly head again...!this is trade no 78, an added info to the same fcpo chart...
introducing a breakout killer - "false breakout"...today false breakout has yet shown its ugly head again...if you trade a breakout strategy then you need to add extra filter to eliminate those bad trades...well, I have found one...hehehe...let's share yours if you got one...tell me in the comment section below...
I was waiting for my entry signal today and at last...found none...saved by the bell...
gud luck and gud trading
**PS : as a token of encouragement to motivate me further, I am really in need of some "LIKE" and "FOLLOW" **
FKLI TRADE : 77) imminent upside to retest 1620-1640fkli continues its uptrend, despite having some political issues in the Parliament...which is not suitable to be discussed here...however, for most of South-East Asia's countries, politic cannot be separated from its economy...that's the hardcore facts...
current resistance : 1620-1640
support : 1587-1600
strong support : 1556-60
I am no expert, but I am definitely a chart's maniac...hehehe...
gud luck and gud trading
**PS : as a token of encouragement to motivate me further, I am really in need of some "LIKE" and "FOLLOW" **
An overdone bear rally that shall end soonFTSEMYX:FBMKLCI
Due to unprecendented market intervention by various central banks, we are witnessing an increasingly volatile market. Gone are the days where market moves in orderly manner with orderly pullback in between.
Instead, corrective waves are exhibiting strong movements akin to impulsive moves.
Market can be imagined as having two throttles at extreme ends of bullish-neutral-bearish spectrum.
Instead of slow/gradual transition, market now switches gear swiftly to either bullish or bearish throttle, hence the dramatic moves and being coined as Kangaroo market. Excess of bullishness will breed dramatic sharp rebound that die suddenly when the 'long' boat is overloaded, ensued by excess bearishness for dramatic decline, which die suddenly when the 'short' boat is overloaded, rinse and repeat.
Despite the potential erratic moves, I'm extremely bearish biased for the moment, and expecting the dramatic up/down swing in the nett will yield (ugly) negative return to stock market in the long run.
In near term, I'm anticipating a dramatic decline in FBMKLCI, which will be widely regarded by everyone as a 'healthy' pullback/retracement from March low rally, followed by a strong sharp rebound which will be 'celebrated' widely as resumption of bull rally.
However, this decline followed by sharp rebound more likely will be the Wave 1 decline and Wave 2 rebound of an unfolding 5-waves decline in disguise.