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Klci

FKLI TRADING : 305) full reversal of trend has happenedthis is number 305... As what I have told frm the previous passage, the trend will reverse once the resistance of 1552.5-1563 has been breached. The momentum of uptrend continues on for fkli-oct and it closed abv the 1600 resistance tdy, 13th Oct 2021. It has turned into bull for both daily and hourly charts. SO now, the most practical trading strategy would be "long on retracement" until the change of the trend. We are in recovery phase frm the fearful covid-19 pandemic therefore fkli is expected to rise to even higher region, 1655-1685, which could only be seen somewhere Dec last year to early this year. the closest support region ranging frm 1580-1600 and the closest resistance range frm 1611-1631. hence, there is a high chance we might closing in the range abv 1600 and testing 1700 during the end of year window-dressing period. However, that is still too early to say. Hopefully, US and other big market dun catch us by surprise. *plan your trade and trade your plan... gud luck* higher resistance : 1655-1685 immediate resistance : 1611-1631 immediate support : 1580-1600 critical support : 1560 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*
MYX:FKLI1!Long
by HAIDOJO_trading
FKLI TRADING : 303) downtrend oh donwtrendthis is number 303... fkli-sept ended yesterday. Nothing much to report actually but it is still in downtrend for the fkli. It is downtrend and sideway as fkli-oct is more sensitive to the news events and market sentiment. Support is ranging frm 1513- 1524 and resistance frm 1552.5 - 1563. IF the price breaks above the 1552.5-1563 resistance, THEN it will retest the 1580-1600 resistance. IF it falls below the 1513-1524 support level, THEN it will go to 1482-1497. I am of the opinion that if the market still lacks any sentiment or "exciting" news, it will continue to slide and drop... as there is still much uncertainty and the market is still haunted by the ghoully effect of covid-19, it is still more doom and gloom than glory. As in term of technical analyst, fkli-oct needs to break higher than 1552.5-1563 to reverse the downtrend and invites the bull home. *plan your trade and trade your plan... gud luck* higher resistance : 1580-1600 immediate resistance : 1552.5-1563 immediate support : 1513-1524 critical support : 1480-1500 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*
MYX:FKLI1!Short
by HAIDOJO_trading
2
FKLI TRADING : 299) celebration moodthis is number 299... The announcement has been made yesterday. The "you-know-who-he-is" has made an important announcement that he is resigning...and the whole market is celebrating...yeah, yahoooo, yesssss... OF course not, the market is celebrating bcox there is an uplift frm the stricter mco to a more lenient emco and the opening of the 18 industries for economical recovery. that is the main reason for fkli-aug to shoot all the way up frm low of 1500 to 1524 tdy on 17th Aug 21... I am not an economist so I won't cover much abt the economy part...but for the technical analyst part, fkli-aug has made an ISH (Initial Structure High) in hourly chart and might move further up to test 1532-1538 b4 challenging the strong resistance at 1550... Of course, new PM and new government which is formed will oso bring some impact on the economy and stocks market as well. I believe that the stocks market will show some kinda rebound as well. fingers cross. Albeit all the gud factors, market is still haunted by high covid-19 infection numbers, vaccination numbers which is still low, the market recovery and unemployment/retrenchment issues on the rise...so, this could be a temporary release of the falling pressure and the rebound could be a short lifespan and a longer sideway market could prevail...so I am bullish in the short term as a rebound/recovery and still maintain bearish in mid-to-long term. IF you are keen on fundamental analysis , then watch out for mco uplift, covid-19 situation in Malaysia, political uncertainty, etc... *plan your trade and trade your plan... gud luck* higher resistance : 1550 immediate resistance : 1522-1538 support : 1494-1505 critical support : 1478-1486 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*
MYX:FKLI1!Long
by HAIDOJO_trading
FKLI TRADING : 296) a bullish divergence signalthis is number 296... fkli-aug has a fresh start with sliding near the support level of 1486...today, it is seen that a bullish divergence signal has appeared. the price has slid lower but the RSI going up, sometimes it is called rsi divergence too. this happens in hourly timeframe, so u can check it out. Of course, this doesn't mean u should jump in and ride this bad boy straight away. For me, I would wait for a breakout above the Lower-High of 1534 before anything. SO, u should still stick to ur trading plan if u have any. If u dun have, get one. IF the rebound attempt fails, we should see some support at the next level at 1457-1460...that's all for the update. IF you are keen on fundamental analysis , then watch out for mco uplift, covid-19 situation in Malaysia, political uncertainty, etc... *plan your trade and trade your plan... gud luck* higher resistance : 1550 immediate resistance : 1516-1533 critical support : 1486 lower support : 1457-1460 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*
MYX:FKLI1!
by HAIDOJO_trading
2