Malaysia
Vitrox, going south?Hi, this is my first idea publish. Would like to see feedbacks and comment on my idea. I see a trend reversal here. The price is currently trading under the bull support band. The band looks curve to toe downside, i see the price leaning towards the downside. Looking for it to hit the support at RM1.335.
Trend Rider 121. Weekly EMA 12>EMA 36 but lower than EMA 200. Seems like a break on this level.
2. Expecting this as a Wave 4 (previous low come to Wave 1 thus not valid), hammer formed at 0.618 and broken. But does not move higher and comes down again and retrace. Strong RBS zone.
3. Bursa Marketplace Rating 7 TP RM25.52, isaham 7.8, i3 RM24.21
Trend Rider 111. Supposed corrective Wave has finished and already making Wave 1 and Wave 2 retrace at .382. Reversal candle formed.
2. Good risk reward ratio.
3. Weekly EMA 12 > EMA 36 > EMA 200.
4. Bursa Marketplace rating 6 (net income 2020 expected to raised significantly) iSaham 9.3, i3 ATP none.
SINGAPORE UK INDONESIA COVID-19 UpdateSingapore COVID-19 is on a downtrend, albeit a potential small spike due to some infected hostesses may have affected a number of people. Not the most flattering of ways to get a spike. But it is tapering off for now...
UK on the other hand, eases its measures today, but leaves me wondering IF anyone is even watching the charts, or doing any statistical studies. The wave onset projected is on time, and it is on now... starts now, for the next couple of months! Hello ??
Indonesia has gotten from bad to worse to even worse. Projections are underestimating the acceleration as daily cases from 20,000 a week ago now hits 40,000 yesterday. This would take more than a couple of months to slow down, if at all. IT's too little too late for vaccinations now, but that's the best weapon there is in the shed.
Malaysia is modulating the current wave, and current projections point to a slow down in infection spread.
Malaysian MCO 3.0 effect.Due to Malaysia have decide to run back a total lock down, only some economy areas are open to support sustain the economy. But the inflation and other demands are insisting the economy to fall back in the bearish trend.
Luckily the Malaysian government have make an exit recovery plan, and perhaps all it will work soon.. or the economy impact will be in the bad shape.
When the economy in the bad shape, the recovery will be hard and more difficult to rise back. In the 6 month ahead is the critical economy pull back, And the government must stick to all the plans that have been made to bring back the economy in the psychological area. There still have supports down, but it will be a hard to bounce back when already below the market price.
All the stock market will also impact hard during this session, buying a stock this year is not really worth.
All the best for all Malaysian, and investors..
Be safe, stay at home..
COVID-19 tracking SG and her neighbours (MY, ID and TH)Looking at the weekly charts...
1. All, except ID, are increasing in Wave 3, with differing levels of acceleration.
2. ID may be having an uptick...
3. SG's momentum is still strong for another two weeks at least.
4. Both My and TH have strong momentum to further increase. MY's situation is bad enough with TH's situation being worse.
Overall, the three neighbours have at least another 2-4 weeks of the wave to ride out; of which the northern two probable take months more...
PS. Previously described, the MACD and MACD Histograms are very useful in projecting the virus infection waves. Used here for personal monitoring and analysis. What this simple tool identified does is to allow an advantage to be ahead of the curve instead of being behind it chasing the virus as it silently sweeps across the population.
MALAYSIA COVID-19 situation snapshotLooking at the MACD projection model for Malaysia, it is rather alarming...
The current wave is Wave 2 for Malaysia and it is accelerating at a faster pace than previously. suggesting that the plateau for this wave is further out, being months at least. Unless, a lot is done to control the situation pronto.
As I am not privileged to the local happenings, I can only see from the chart that there is a bigger wave in Malaysia compared to Singapore. Being close neighbours, it would be a while before clearance, and may even affect Singapore in some not so direct way in the future as well.
Take care everyone!