KLSE
PENTA - STILL BEARISH FOR THE TIME BEINGRETRACING AFTER FORMING DOUBLE TOP. WILL THE SUPPORT BE TESTED. PSAR STARTED TO SHOW FURTHER RETRACEMENT AHEAD
It's all about the Dollar: USD and the Malaysian KLCII would argue that since 2014, the Dollar has been the single most important indicator for Malaysia's KLCI, and perhaps for most Emerging Markets.
Note the inverse correlation between the DXY Dollar Index vs KLCI.
With the Dollar finally finding some support and perhaps making a bottom (temporary or longer-term, who knows?), will probably mean a consolidation spell for the KLCI.
Awaiting breakout above RM1.07Expected to breakout middle band 1.06-1.07
Volume start to increase
Inverted hammer pattern
KLSE: GTRONIC - Coiling for a breakoutA Malaysian semiconductor stock listed on the KLSE, coming towards the upper boundary of a 5-year consolidation pattern.
Depending on how you draw it, it could be a rectangle or an ascending triangle - no matter, the pattern is bullish at this point in time.
The icing on the cake is the small symmetrical triangle forming on the daily chart, which will work nicely as a launching pattern once there is a breakout.
KLSE: P.A. RESOURCES - Compound Fulcrum ??This Malaysian stock listed on the KLSE has been basing for the last 5 years, possibly forming the rare "Compound Fulcrum" pattern.
Price has broken out of the right shoulder high and pulled back slightly in the last week.
This week will be telling if the move has legs to continue higher or further consolidation is up ahead.
DGB Breakout from Trendline. Next Target 0.09DGB beakout from trendline.
Bullish bias.
Next Target 0.09.
Aug26 - FKLI (Daily) - Bearish <154x, Potential Target 148x-150xFailing S1 will invite BEARS, my MAJOR position targets are: 148x-150x, 138x-140x
Don't forget to refer back to midterm ABC correction post below for potential minor targets.
Faster Update on T3L3gram: MyTradingSpace by JK
Happy Hunting! 🚀🚀
-JK- MyTradingSpace
Aug10 - FKLI (1D) - Failing Major UTL, Potential Test S@150x-2xFailing to stay above:
1) Major UTL carrying rally from 12xx COVID-lows
2) Unable to stand above 158x-160x immediate resistance zone
These will lead to further correction. 🐻🐻
near term target: S@~150x-2x, daily ema100
Refer back prev FKLI post for multiple horizontal support zone;
also, not to forget mid-term major correction back to 140x which is still in progress 👇🏻👇🏻
Happy Hunting! 🚀🚀
-JK- MyTradingSpace
Aug03 - FKLI (1D) - Failing Major UTL, Will Invite Bears...🐻Prev post support target, S1: 154x-6x reached~ ✅
After whipsawing between 158x-161x for the most part of July, I believe we'll see further weakness on the index in August month;
with prolonged momentum weakness since June top, while price now testing the major UTL carrying rally from sub-1400. ⚠️
Watch: UTL (blue),
If UTL fail, we will see further weakness ahead. 🐻🐻
Multiple major & minor horizontal Support <156x has been marked. :)
Happy Hunting! 🚀🚀
-JK- MyTradingSpace
Vizione selling momentum decrease, possibly outbreakPossible outbreak on Vizione, price reach Uptrend Tunnel bottom
strong support at 0.405
Entry price : 0.43
1st TP : 0.5
2nd TP : 0.54
Cut Loss at : 0.4
fbmklci momentum decline, might pullback 1488For next week, we might see KLSE move slight high to 1620, but the momentum is declining, a fake up movement.
Most probably to see a pullback to 1488 next 2 weeks.
July06: FKLI(1D) - Midterm ABC Correction to 140x-5x in ProgressMid-term ABC Correction went as expected, see prev post from June15.
June15 - FKLI (1D) - Mid-term Correction towards 140x... 👇🏻👇🏻
Currently, we are in waveB (see: baby blue arrow marker), which may find resistance near R1, 154x-6x.
Declining volume suggests/confirms the correctional-upwave.
I'm positional Short for FKLI, holding thru next potential down-waveC, targeting S3,S4.
Levels to Watch:
R2: ~158x
R1: 154x-6x
Major S1: 147x-149x
S2: 142x-4x
Major S3: 138x-140x
Happy Hunting! 🏹🎯
-jk-
