IFCA: Enemies at .50 border.After successfully breaching enemy defense at .33-.34 border, IFCA continues to march forward only to be halted by quite a strong enemy force at .49-50 outpost.
IFCA had fallback to resupply at the previous defeated defense of .33-.34 and is now ready to launch a full frontal to penetrate that heavy defense at .50.
If it manages to breach that defense, the road is cleared for IFCA to continue its march toward the next line of defense at .575.
However, if the enemy force is still strong, IFCA might need to resupply once again.
DISCLAIMER: This is not an investment advice nor a buy call. This is just some analysis of based on some technical factors coupled with just a little or totally nonexistent fundamentals. This analysis is based on lagging (past) data (ie historical prices) thus any forward looking statement is just based on perceived highly probabilistic assumption(s) to assist personal trading decision.
Klci
HWGB-WD: Sectoral Tailwind to Push Back Price to .815 levelMYX:HWGB-WD is poised to retest its .815 retracement level after successfully broken the downtrend resistance. It has also succesfully bounced from the RBS and now is ready to fly to the next roof.
Currently its mother trades just shy below RM1 while its peers like MYX:SOLUTN and MYX:BINTAI had already broken past RM1 and maintain above that level.
We could potentially see HWGB to follow suit as early as this week.
DISCLAIMER: This is not an investment advice nor a buy call. This is just some analysis of based on some technical factors coupled with just a little or totally nonexistent fundamentals. This analysis is based on lagging (past) data (ie historical prices) thus any forward looking statement is just based on perceived highly probabilistic assumption(s) to assist personal trading decision.
LONG: On its way to test next Resistance at .15MYX:ZELAN has been breaking up trendline resistance and might continue to do so especially given the sectoral comeback post-budget 2021 which saw some bullishness towards construction sector.
Any pullback can be strategically averaged down as long as it does not break below .10.
DISCLAIMER: This is not an investment advice nor a buy call. This is just some analysis of based on some technical factors imbued with a little fundamental support. This analysis is based on lagging (past) data (ie historical prices) thus any forward looking statement is just based on perceived highly probabilistic assumption(s) to assist personal trading decision.
Dec02 - FKLI (1D): Sideways-Up 157x-161x, Dec Top Formation 📈📉Technicals
Longterm: Bear 🐻📉
Midterm: Neutral (Sideways-Up) 🐻🐮 📈📉
This Month: Seasonally bullish in Dec 🐮📈
👇🏻Prev idea still largely intact, albeit with an added hint of Dec bullishness / year-end rally
🔔Watch: Budget2021 debate & its subsequent approval/rejection
flat on FKLI; might take a seasonal Dec long near current sideways range low, ~156x-7x area.
other than that, I'm sidelined + holiday-ing~~ 😁
Happy Hunting! 🥂🚀
-jk-
TopGlove?I will be looking forward to going Long at the red highlighted zone. Yes although the factories now are temporarily closed, it is expected that they will start with their operation in the next 2 to 3 weeks after the Quarantine period.
My criteria to go Long when it reached the Zone:
1) Dtosch/Stoch Crossing up
2) Low bearish volume with small CandleS / High Bearish volume but with no to little CandleS.
3) Followed by high volume of bull (optional cup with handle shape)
4) Bull CandleS close above 15MA
Additional: For Daytrader, You can use Daily TF for indication, H1 to look at the right location, and M15 to enter the position.
PRICE ON TRENDLINE SUPPORTThe price did a pullback for the previous one month and had retraced just nicely on trendline support. Heiken Ashi just turned green on last Friday as well as Parabolic SAR on daily timeframe had shown its first buy signal which indicates a reversal in near term from downtrend to uptrend will take place. Ride the trend until it bends. Price will try to break its 52w high @ RM0.68, let's see how it goes. Cutloss 3-5% below trendline. (Just a trading idea)
29/10/2020 ANCOMLB - Forming inverted cup and handleThe recent daily candles shows that inverted cup and handle is in the making.
Inverted CNH pattern is valid when the daily candle close BELOW neckline with high volume above monthly average (Scenario 1). The pattern is invalid when daily candle close ABOVE down trend line (Scenario 2)
If neck line is broken, next price will test strong support 0.27
Nov18: FKLI (1D) - Sideways-Down <162x, Watch UTL Breakdown 🐻📉Index testing prev major LH near 162x, with momentum weakness above 158x...
Fundamentally, there's a lack of new positive triggers for price to go higher, neither for a strong bear case (unless go full MCO again)...
Thus, I'm keeping to a wide sideways-down view as long as Major R / 1600 mark resists.
Watch: Immediate UTL breakdown , may invite bears
Shall we reverse down from here, a downmove similar to that in August month may take place, pretty good range if true. ;)
Happy Hunting! 🥂🚀
-jk-
TOPGLOV - TRADE PLAN "Trend Following"Just ignore the current vaccine news because the trend is your friend!
Unless RM6 is broken which indicates M-shape trending since June 2020.
Good opportunity to load some around the current level and RM6 level.
In other words, "Buy on Dip" with good risk vs reward opportunity.
Take care, stay safe everyone.
KLCI/FTSE Bursa Malaysia - Wave/Trend AnalysisWe are in the current horrifying pandemic which puts most businesses at an unhealthy level. Most commercial projects are not moving especially in Construction Industries. Most traders are worrying that their investment in Bursa Malaysia will lead them to losses or maybe book yourself a seat to dive straight to the ocean.
Through my analysis, I don't see it as anticipate problems. Generally speaking, the Malaysia economy is still in a good shape, I'm not saying it is good, not that bad either, but nothing to worry about if you would like to start to invest in the Bursa Market.
The current KLCI price is between 1460 ~ 1480 as of November 2nd 2020, and yes, price will go even lower, and it is not because of bad business but rather bad politicians that screw up the foreign investor confidence, when I say politician, I meant both the government and oppositions.
Let us hop into the conclusion. Well, I am looking at the most, the price will go down to 1400 range (Target 1) or 1290~1300 range (target 2) before shooting up into the recovery of our economy, and this must be due to:
1) The introduction of Covid 19 Vaccine worldwide (Most probably will be supplied by end of 1st quarter in 2021)
2) Changes in Malaysia's political rulers through a valid and legit process.
3) 5G which includes the construction of telecommunication structures in Malaysia.
If you are looking for a long term trade, then next year might be the year. If you are a Day-Trader, there are a lot of stocks that you can look up to. Downtrend? Bear Market? no worries, trade when the stock is doing correction. :)
Oct26 - FKLI (1D) - Breaking 147x Will Mean Plunge to ~1400 🐻📉Well-positioned to the downside.
Waiting to add if a bounce to ~150x take place...
RISK FACTOR❗️
Political uncertainty
Further deterioration of COVID wave2
Targets: S3 (138x-140x) / S4 (133x-6x, need strong bear to reach)
Time Target: End-Nov / Early-Dec
Happy Hunting! 🥂🚀
-jk-
SORRY BURSA, NOT THIS TIME.My forecast for KLCI still in bearish bias. Fundamentally, due to global pandemic and internal political issues. Technically, we can see big reversal chart pattern double top and there's no bullish momentum in price action as for now. Please be informed this analysis based on my long term perspective. If this analysis is wrong, perhaps we can see big movement of recovery. Happy investing!
Oct20 - FKLI (1D) - Still Sideways-Down, Likely Stay <152x... 🐻Again, still bearish on the big picture view.
Had done multiple rounds of Swing shorts within the sideways range, while still holding Dec Position Shorts.
❇️ Mid-term Targets: S2 or lower
Economy & consumer spending has seen significant slowdown since start of October, which is typical of economy lagging 6mths behind market (Covid plunge was March2020). Adding to the pain -- new CMCO, now employers have to open for business, pay workers, no subisdy, AND customers aren't coming...
Do check out my updates on various social media platforms! ;)
Like & Share! ⭐️
Happy Hunting! 🥂🚀
-jk-
19/10/2020 P.I.E - Forming rounding bottom patternToday's daily candle has filled the gap down on 27th Aug. If this daily candle for this week break the resistance 1.75
we can assume rounding bottom pattern is valid and price will continue to climb. Pay attention on volume as well as we need volume more than 1 month average to support
pattern confirmation.