FKLI TRADING : 332) downtrend is likely persiststhis is number 332...
As a summary of what had happened in the full-month August: what you are looking at was hourly chart in August for fkli-aug. FRm the beginning of the month till 17th Aug, index was moving in uptrend. After the mid-month, we had a huge drop frm 17th till 24th August which went frm 1530 all the way to 1465...frm thr, we had an "end-of-month rebound", which was very usual. The rebound merely hit 1509 and didn't go any further. This gave us a "Lower-High" formation and now we are waiting for "lower-low" formation which is a breakdown below the 1460 strong support.
As for the fundamental part, one of the reason why we had a huge fall on 24th Aug 22 was based on Powell's speech on interest rate. Jerome Powell is the current Federal Reserve's chairman, and a lot of huge fund managers in the world have a mutual consensus, they all have a "follow-the-fed" strategy in trading. According to Powell, the interest is "still on the hike". Therefore it is expected to announce another round of interest hike in September. In that case, we could have expected another round of selling in September. so, short on rebound now. till the news come out, then we might have some counter-trend trades.
higher resistance : 1520-1530
resistance : 1503-1510
lower support / : 1460-1465
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
Fkli1
FCPO TRADING : 330) bracketing market this is haidojo and the number is 330...
First half of July month, it was a downtrend. Frm the low of 3500, it rebounded to the 1st high at 4080, then another round of selling to hit 3636-3700, another rebound came and hit higher at 4310 at the end of JUly, which is exactly the same high as the previous high at 4300...now, we wait for breakout of either side to confirm the trend...IF it breaks abv the high of 4300 and creates higher-high, THEN new uptrend has emerged. IF it falls below the current support of 3600-3700, THEN the price will fall further and recent rebound is a false alarm.
**plan your trade and trade your plan... gud luck**
resistance : 4240-4340
current support : 3500-3600
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , cryptos, warrants, CFDs, spreads, options or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only …this is not a signal service channel and DON'T TREAT IT LIKE ONE!
TRADE AT YOUR OWN RISK!
FKLI TRADING : 326) possible reversal signthis is number 326...
9th May 2022 was indeed a false alarm. So, back to our story in fkli both limits which are the 1480 --the low and 1612--the top are both not broken. so basically we are still in the box. Sideway, and our best strategy is still trading in the box strategy, which is short on resistance and long on support...the trending is actually a "no, no".
the alphabets you saw on the diagram are "LH--NSL--ISH", stand for " Lower-High, New Structure Lower, and Initial Structure High...hence, it is a signal potential for a reversal. so I will look for a long position. Again, this is not a signal service channel and I am not giving any signal of buying nor selling. I am just saying that is what I am going to look for if I were to trade.
As for the fundamental stuff, or for stocks, stay alert on news on when is the next GE going to take place and also the potential hike of interest rate to tackle the very high inflation. That's all folks. Happy hunting and stay safe. 2nd June 2022
higher resistance : 1612-1618 (highest resistance so far)
resistance : 1570-1578
immediate support : 1547-48
lower support/critical support : 1527 / 1480 (1480 is the lowest support we had since Nov 2020)
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
KLCI Plunged by 2.01% With Support Hold at 1520Malaysia slumped despite US markets gains as the proposed one-off prosperity tax and weighed market sentiment. However, the valuation of the local market remained attractive despite the Prosperity Tax compared to regional peers.
Market hit day low at 1523.5 and reached on the Major support level at 1520.
Stochastic level near to Oversold level at 30.00.
Pending for confirmation if market would rebound from the major support level or further declined to next Major Support level at 1500-1510?
KLCI what next after 33% affluent tax? 1/Nov/21KLCI future index is on its last leg to complete wave (E) ( Cyan /Light Blue).. The last leg of bullish contracting triangle correction. Price will rebound soon as price now close to :- 1) Volume Profile ( POC) ( Point of Control) at around 1517 AND 2) Daily Demand Zone (Cyan Rectangle Box).. 3) Dynamic cycle 4 ( cyan/light blue) reached soon 4) There is a selling Climax Signal from VSA ( Volume Spread Analysis ) on 4 hours Time Frame Chart ..
Oh! Futures Kuala Lumpur Index Marching to Support Level 1550?Profit taking activities and market lack of catalyst led market lower ahead of the announcement of Malaysia Budget 2022 by 29 Oct 2021.
Stochastic shows buying forces deteriorating.
Maintain short term correction view with immediate support level at 1550 and next support level at 1520.
Market may rebound after tomorrow announcement. We shall see market resume uptrend by next week.
May17: FKLI (Weekly) - Sideways-Down <R1 @161x-3x 📉🐻Momentum turn from neutral to slight weakness...
Major Support at 150x-3x still holds , albeit weekly close below ema100 (~158x area)
❇️ Fundamentals:
Market sentiment likely dragged down by deteriorating COVID situations, both nationwide & worldwide.
Q2 GDP figure unlikely to be favorable (despite mainstream media bullish projections)
Commodities price spike + money printing: Inflationary pressure will continue to add to households burden & current economic woes.
❇️ Interested in initiating Positional Shorts on FKLI should:
1) Upon failing of S1 zone, 2) COVID worsen, 3) Tightening on MCO3.0 SOP
Happy Hunting! Stay Safe! ⭐️
-JK-
May03: FKLI (Weekly) - Sideways-Up, Major Range 150x-170x 📈📉Major Support at 150x-3x still holds, while price struggling above weekly ema100 (~158x area)
Expect further sideways-up movement if major support holds, possible wedge pattern in formation.
Watch: Immediate R @ 169x-172x
Happy Hunting! ⭐️🚀
-JK-
Feb18: FKLI (1D) - Sideways-Down to 157x,3x Support 🐻📉FKLI Index price consolidated past 1-2weeks, between 157x-160x range. Bears in control following multiple fail test of 1600 crucial Resistance mark.
Staying below Major R: 159x-161x will see bear attempt to push price back to range low 155x-7x or to lower S1 area.
🔔Underlying Support: 155x-7x ; 153x ; 150x
❇️❇️Q1 Outlook: Attempt to breakdown to Major S1... (check out post link below)
FCPO TRADING : 258) sudden reverse to the downsidethis is haidojo and the number is 258 ...
juz as bull seems like coming back and all things look shiny and glittering, all of sudden today we had a 80-pts gap down and went down...
at last, it closed at -160pts++ frm the previous day...
so now market is going down, unless the resistance 3460 is reverse, then we might have otherwise...
watch closely as the support 3167 which is also the latest low is breached or not...?
if it is breached, then lower-low is going to happen and more downside will come...
*plan your trade and trade your plan... gud luck*
higher resistance : 3309
lower support : 3167-3170
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
FKLI TRADING : 256) downtrend persiststhis is trade 256 frm haidojo trading...
today is the last day of fkli-jan...it closed lower at 1560-65...again, pop quiz frm previous trade...
option 2 hits the situation and it sounds like this...
2)retest high ranging frm 1593-1604, but reverses lower than 1573, creating lower-low...
quote frm earlier trade...
and as predicted, it really hit higher back to 1604 before hitting 1573 and moves lower today...this prediction was a few days ago...
so as for fkli-feb, my guess is going to continue down...as covid-19 sets on for record new-high, it will probably pull down stocks market alongside with fkli with it...normally, I dun do fundamental analysis but this one is hard to ignore...
*plan your trade and trade your plan... gud luck*
resistance : 1578
immediate support : 1560
lower support : 1545-1550
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FKLI TRADING : 253) downtrend this is trade 253 frm haidojo trading...
today fkli-jan has come to 1573-low again...so, it seems like option 1 hits the right track...
1) price moves lower and hits lower than 1573, then downtrend... ...quote frm earlier trade 252)...
if you haven't watched it, you could look at it at the link at the bottom...
a few scenarios to think about, in the next episode:
1) nose-dive drop frm current price to 1550-1545, next level of support
2)retest high ranging frm 1593-1604, but reverses lower than 1573, creating lower-low...
3) retest high ranging frm 1593-1604, but go sideway...
4) retest high ranging frm 1593-1604 and moves higher to 1615, going higher and higher...
Personally, I am in favor of option 1) and option 2), since the market has turned back into downtrend...so now short on rebound is the best offer frm the market ...
technical analyst basically is for predicting the future movement of the price so as we are able to trade them in our favor...hence, putting a few
options allow us to prepare for the range of possibilities that might come out and preventing us frm being caught at surprise by market...
*plan your trade and trade your plan... gud luck*
resistance : 1615
immediate resistance : 1593-1604
immediate support : 1572-1580
lower support : 1545-1550
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FKLI TRADING : 252) option 4 hits jackpot!this is trade 252 frm haidojo trading...
this time I got option which hits the bull-eyes...option 4
4) slipped back to 1615 and goes lower to 1595-1580...(if the price breaks below 1580 then trend has reversed) ...previous quote...
for a few days, fkli-jan has dropped back to 1596...if it hits lower than 1573, than a lower-low has formed...then fkli has turned downtrend...
a few options to consider :
1) price moves lower and hits lower than 1573, then downtrend...
2) price of fkli hits higher at 1615 but drops back to 1596 and lower...
3) price of fkli hits higher at 1615 but goes sideway...
4) fkli moves to 1615 and reverses recent low and continues uptrend...
the analyst is not for impressing anyone, juz for fun...if it doesn't match anything on Monday, it only proves that I don't have any magical crystal ball...however, if thing turns out to match some of the analyst, pliz like, share or comment...
*plan your trade and trade your plan... gud luck
resistance : 1650
immediate resistance : 1615
immediate support : 1593-1596
support : 1572-1580
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FKLI TRADING : 248) option 3 + option1 this is trade 248 frm haidojo trading...
none of the situation stated in the previous trade 246) has really 100% occurred. More obviously, it is a combination of option 1 + option 3 ...
1) fkli-jan shoots up to test 1650 resistance; I dunno what is the reason, perhaps with mco announcement, the worst has gone?
3) after hovering at 1615 support level , price shoots a bit higher at 1632-1634 and forms a "V-shaped" Double-Top...THEN? more sideway...
-----quotation frm previous episode, if you haven't watched it, you could go tru it in the link below.
SO, what really has happened in the past few days? First, fkli-jan inches up higher to 1632-34, then sideway for a while before hitting higher at 1650...now, it is hovering at 1625-1635...what's next?
1) continuation of uptrend back to 1650. Then? sideway
2) continuation of uptrend back to 1650. Then? test higher at 1685-1700 the Dec 2020 high
3) slipped back to 1615 support but rebound immediately to 1650
4) slipped back to 1615 and goes lower to 1595-1580...(if the price breaks below 1580 then trend has reversed)
the analyst is not for impressing anyone, juz for fun...if it doesn't match anything on Monday, it only proves that I don't have any magical crystal ball...however, if thing turns out to match some of the analyst, pliz like, share or comment...
* plan your trade and trade your plan... gud luck
resistance : 1685-1700
immediate resistance : 1650
immediate support : 1625-1635
support : 1615
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FKLI Q1 Outlook: Sideways Down to Major S-zone 144x-8x 🐻📉Technicals
Jan: Test major R @ 162x-4x 📈📉
Feb: Test major S1 or S2 🐻🐻
March: Test major S2 or S3 📈🐻
👇🏻 Prev idea on potential Dec2020 Top Formation
🔔 Q1 Risk Factor to Watch:
Covid, Reinstating/further extension of MCO, Political instability (Malaysia), US President transition, Geopolitical tension in Iran/Taiwan
I'm short bias for FKLI for Q1, looking to add to current position shorts shall Major R fails.
Happy Hunting! 🥂🚀
-jk-
FKLI TRADING : 246) option 3. fallback to previous support
this is trade 246 frm haidojo trading...
none of the situation stated in the previous trade 245) has really 100% occurred. Rather, something very close is option 3)...
3) lower a bit to 1625-1620, then sideway for a while but falls back to 1615......
-----quotation frm previous episode, if you haven't watched it, you could go tru it in the link below.
the analyst is not for impressing anyone, juz for fun...if it doesn't match anything tmr or wed, it only proves that I don't have any magical crystal ball...however, if thing turns out to match some of the analyst, pliz like, share or comment...haha...
these are a few scenarios to ponder about:
1) fkli-jan shoots up to test 1650 resistance; I dunno what is the reason, perhaps with mco announcement, the worst has gone?
2) after hovering at 1615 support level, price shoots a bit higher at 1632-1634 and forms a "V-shaped" Double-Top...THEN? rollover and falls...
3) after hovering at 1615 support level, price shoots a bit higher at 1632-1634 and forms a "V-shaped" Double-Top...THEN? more sideway...
4) gap down go down scenario or slowly slides below the 1615 support and rollover frm thr to test lower and lower price...
*plan your trade and trade your plan... gud luck
resistance : 1650- 1660
resistance-turn-support : 1615
lower support : 1578
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FKLI TRADING : 244)option 3. reversal has happenedthis is trade 244 frm haidojo trading...
Frm trade 243 previously, option (3) has happened,
3) market retests 1615 and reverses upward...possible reversal has happened...trend changes to uptrend... ...quotation frm previous episode, if you haven't watched it, you could go tru it in the link below.
Friday's analyst is important as it helps us to prepare for what might happen on Monday... so it is possible a reversal has taken place...
long on retracement is the winning edge...
What is expected on Monday?
---1) straight shoot-up to test 1650 resistance
2) lower a bit to 1625-1620, then sideway for a while and rebound to resistance 1650...OR
3) lower a bit to 1625-1620, then sideway for a while but falls back to 1615...
4) sideway, sideway, and...sideway...the way fkli likes to fool on us...haha... :)
*plan your trade and trade your plan... gud luck*
resistance : 1650- 1660
resistance-turn-support : 1615
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FKLI TRADING : 243) in the middle of nowherethis is trade 243 frm haidojo trading...
finally the tp 1582 is filled...so a possible reversal frm 1573 low that reach somewhere in the middle of nowhere...so, what's next?
1) possible downtrend continues, 1600-resistance blocks it, then fkli-jan nosedives frm its price now to make new-structure low,
and downtrend persists...
2) market advances a bit higher to retest the 1615 but fails, rollover and falls...
3) market retests 1615 and reverses upward...possible reversal has happened...trend changes to uptrend...
4) none of the abv, market juz...goes sideway...gotcha! \
"market always does whatever it wants whenever it wants... "
the only thing we can do is...participate when market give us some edge...so make your stand and roll your dice!
*plan your trade and trade your plan... gud luck*
resistance : 1650- 1660
immediate resistance : 1615
support : 1574-1582
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FCPO TRADING : 242) retest 9yrs high at 3890-3967this is haidojo and the number is 242 ...
as predicted earlier on 4th Jan 2021, fcpo-march persists in uptrend...
now, the next level is challenging the Feb 2011 high-3890-3967, the price which has not appeared at least in the past 8yrs++,close to 9yrs.
If this level of resistance is breached, then fcpo is looking at the 12-yrs historical high ranging frm 4334 - 4486, the peak which
has never been reached ever since March 2008...
Ok, after some brief history of price, let's talk about what has happened today(6th Jan 2021).
after a brief retracement yesterday, fcpo-march continues its marching to climb higher at gap up 3775 (20pts gap frm closing yesterday 3755)
and closed at high of 3877...up 122pts today...
needless to say, best offer frm the market : long on retracement, DON'T go for counter-trend, unless u hate your money bcox market could still gap up and go up the next day...
*plan your trade and trade your plan... gud luck*
higher resistance : 4334 - 4486 (high in 2008)
current resistance : 3890 - 3967 (high in 2011)
support : 3800
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
FCPO TRADING : 241) uptrend still persiststhis is haidojo and the number is 241 ...
after hovering in sideway for around a week, fcpo-march resumes its momentum in moving uptrend in this new year 2021!
today fcpo-march has gained a strong momentum of gap-up go-up scenario and definitely releases a "green light" for both breakout trade and also a long position...so, it is a good start for new year and new resolution...
the gap up is close to 80pts and fast-forward to 3700 pts, ending in 3724, up 124pts...
this price has never appeared in fcpo ever since 2011, a record new high which has never been breached in the past 9yrs...!
so, the upcoming resistance level we can expect at 3800-3920 top which was set somewhere in Jan 2011...
well, let's not forget the historical-high 4300 in early 2008 which was set some 12-years ago...
Dun go for any counter-trend trade as now it might gap up and even go higher...
simply put, long-on-retracement is the best offer now...
PS : do you ever noticed that fkli and fcpo almost frequently run in separate direction? If you have any comment feel free to leave it below...
*plan your trade and trade your plan... gud luck*
higher resistance : 3800-3920
temporary resistance : 3720-3720
support : 3660-3680
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
FKLI TRADING : 240) downtrend startsthis is trade 240 frm haidojo trading...
After 2-weeks of absence, this is the first episode in this new year 2021...so happi new year...
fkli-jan has been stopped at 1615 and the next level of support is at 1582...
however, if the price moves higher than 1650, then we might face another round of reversal...
so, to make long story short go for "short-on-rebound" while the trend is still in downward spiral...
*plan your trade and trade your plan... gud luck*
resistance : 1650- 1660
immediate resistance : 1615
support : 1574-1582
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*