Malaysia
Bitcoin remains a good bet versus Global Indices and CurrenciesBitcoin just needs to go another 10% higher to break the 2019 high versus benchmark Malaysian Indices. And Bitcoin will remain a good store of value versus currency devaluation and economic reccesion.
Bitcoin remains in parabolic move versus most assets. Bitcoin is not going anywhere anytime soon.
Feeling sorry for most malaysians who are losing jobs and will suffer more from currency devaluation. I wish they would spend some time reading books on economics versus watching nonsense dramas on television.
Oct20 - FCPO (1D) - Sideways, Retesting Range Low 2.6-2.7k 🐮🐻Bounce reached ~304x R-zone previously mentioned. Didnt manage to test the 3100 highs.
Didnt get to capitalise early on the current plunge from 30xx highs, tbh was expecting a milder retracement.
And we got a sharp plunge instead, thus potentially a large sideways range in play, before continuing the monthly bullishness.
Major Support: 2600-2700 ; ~244x
Happy Hunting! 🥂🚀
-jk-
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! ;)
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Oct01 - CPO (Hourly) - Potential test 26xx if 2700 Fails...We're dealing with a MAJOR SIDEWAYS situation here, seeing the steep Up & Down swings & abrupt reversals between 2.6,2.8k --- 3.0,3.1k.
2.6-2.8k is KEY SUPPORT area on Weekly, price likely to consolidate within this zone, before deciding its next major direction.
Long-term view, currently favoring UP, as long as S2 holds.
Happy Hunting! 🥂🚀
-jk-
MALTON - Analysis by MFA @ 19-Sep-20Demonstration & Ilustration For Analysis Tools by MFA
Status: Currently in transition mode from Bearish Momentum to Bullish Momentum (Red to Green).
Bullish Signal: Confirmation by Yellow Arrow.
Arrow's Charateristic:~
Yellow: Strong Bullish Signal
Blue: Weak Bullish Signal
Red: Bearish Signal
Trading Style: Swing
Estimated Holding Period: 0-2 month
Disclaimer:~
The writing purpose is for demonstration & ilustration of Analysis Tools only.
ASIAPAC - Analysis by MFA @ 19-Sep-20Demonstration & Ilustration For Analysis Tools by MFA
Status: Currently in transition mode from Bearish Momentum to Bullish Momentum (Red to Green).
Bullish Signal: Confirmation by Yellow Arrow.
Arrow's Charateristic:~
Yellow: Strong Bullish Signal
Blue: Weak Bullish Signal
Red: Bearish Signal
Trading Style: Swing
Estimated Holding Period: 0-2 month
Disclaimer:~
The writing purpose is for demonstration & ilustration of Analysis Tools only.
FKLI TRADING : 165) short on reboundthis is trade 165 frm haidojo trading...
so short on rebound is still the best option...until the formation of higher-high and higher-low...till then, short...
we are at the brink of final support wall right now...ranging frm 1475-1486...the next level is at 1450...
take a short position and see what happens next...
higher resistance : 1540
current resistance : 1512-1520
support : 1475 -1486
lower support : 1450
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 : 164) gartley pattern is invalidthis is haidojo and the number is 164...
deep bullish gartley pattern...formation of D leg completion at 2774...SL could be below 2763, 1st tp 2805...
A leg is violated...so the gartley pattern is no longer valid...
higher-high is formed in hourly chart...again, no confirmation in daily chart yet...wait for daily chart...
IF price stands abv 2900 then go for LONG...
higher resistance : 3030-3100
immediate resistance : 2900
support : 2764- 2805
lower support : 2605
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**
Sept09 - FCPO (1D) - Mild Bullish Above August Sideways Box...August sideways box, ranging roughly btw 2600-2800 zone has been broken, and recent test shows price chosen to stand above it aka bullish.
Immediate resistance is near, R1 @ ~289x-291x ; while new support is formed, S1 @ ~278x-280x .
Sideways-Up situation for me...
Staying above immediate UTL, L1, may send price higher above >2900
Else, we may be in another consolidation range, trading within S1-R1 range.
My latest mobile updates available on TeL egr am ;)
Happy Hunting! 🚀🚀
-JK- MyTradingSpace
FKLI TRADING : 161) wait and seethis is trade 161 frm haidojo trading...
we actually got the signal of the price being rejected...entered the market and short...but shxt happened...
an unexpected "kostan" or the price reversed...then a formation of higher-low after that...making me to take profit early at 1500...
better cut it short than sorry...so,now waiting for further confirmation...
higher resistance : 1540
current resistance : 1512-1520
support : 1475 -1486
lower support : 1450
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 : 160) a possible formation of "HEAD"this is haidojo and the number is 160...
fcpo-nov still in sideway position...it is still a puzzle whether the price is going to form a higher-high or retest the support at 2850-2800...
higher resistance : 3030-3100
immediate resistance : 2900
support : 2800-2850
lower support : 2760
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**
STOCK TRADING :11)Kpower- top 20 jewel series of Malaysia stockTHIS IS TRADE 159) FRM HAIDOJO TRADING...
-top 20 jewels frm a very popular local bank...
-technical : let's look at some price action...
kpower has been in uptrend ever since Apr 2019…it is trying to retest the previous high at RM3.00-3.10…Since the “Great Fall” in mid-March this year, kpower has since gained more than 300% frm the bottom RM0.90…!
latest update frm trade 99) is kpower has broken abv the resistance RM3.10 and made a new structure high at RM3.60...so it will probably continue its uptrend momentum until lower-low and lower-high are made...
current support : RM3.00-3.10
lower support : RM2.50
resistance : RM3.60-3.63 new high
Overall, kpower is still in tandem with its uptrend momentum…
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 : 157) short on reboundthis is trade 157 frm haidojo trading...
"after the counter-trend yesterday, we have a pretty painless trade today...short near 1540 and took profit at 1520...
price even moves lower than the previous low and continues to 1500++...
now we are anticipating the price to move back retest 1512-1520,
support-turn-resistance level and short near that level ... next level of support is at 1475-1486 ...
dun try anymore counter-trend at this moment...
market is at full speed downtrend now..." frm my earlier QUOTE...
- so today fkli-sept did exactly what I had expected yesterday, which are:
1) went into the 1475-1486 region and rebound...
2) retesting the 1512-1520 resistance...
now for Monday, we shall wait for signal of the price being rejected and go for short...if thr is no signal then wait for the price to slowly glide
upward and retest the higher-resistance at 1540...1540 is a critical area for shift-of-trend...
higher resistance : 1540
current resistance : 1512-1520
support : 1475 -1486
lower support : 1450
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*
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.
FKLI TRADING : 155) downtrend persiststhis is trade 155 frm haidojo trading...
after the counter-trend yesterday, we have a pretty painless trade today...short near 1540 and took profit at 1520...
price even moves lower than the previous low and continues to 1500++...
now we are anticipating the price to move back retest 1512-1520,
support-turn-resistance level and short near that level...next level of support is at 1475-1486...
dun try anymore counter-trend at this moment...
market is at full speed downtrend now...
higher resistance : 1540
current resistance : 1512-1520
support : 1475 -1486
lower support : 1450
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 : 152) UPTREND PERSISTShi, this is haidojo trading and the number is 152...
As what I had said yesterday, today is a critical level for confirmation of uptrend...
we can see today, new structure high and higher high is produced...so, "long on retracement" is the best strategy now...
"buy on dip" is another way of saying this...until new structure low is formed...ganbateh...
higher resistance : 2900
immediate resistance : 2810-2825
support : 2760
lower support : 2710
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 : 150) NEW STRUCTURE HIGH NOT CONFIRM YEThi, this is haidojo trading and the number is 150...
FCPO-NOV has broken through the previous high of 2810 and formed new structure high in hourly chart...
but the new high-2825 is too close to previous one(not more than 20pts)...and a possible pin-bar in daily chart...so tmr is critical...
higher resistance : 2900
immediate resistance : 2810-2825
support : 2750-2760
lower support : 2710
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**
JCY 31/8/2020JCY rebounded strongly upon dropping below its uptrend line. According to the fibonacci entrancement level, it managed to bounce back up upon touching/breaching the 0.595 level, demonstrating bullish sentiment still intact. Overall, from what i can see, i believe JCY's uptrend momentum still intact, especially after its strong retracement/rebound. I believe current price level provides a good entry too, RSI at oversold and price is near support level.
EP: 0.605-0.610
TP: 0.735
CL: 0.580-0.570
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.
Aug12 - FCPO (1D) - Sideways Box, Imminent Test ~260x...Weakening momentum finally coming into effect. 🐻
First close below UTL-L1 since July, potentially find L2, which resides near S1: ~260x
Sideway box between 2600-2800 thus far, if S1 fails, look for next support zone, S2.
Major Levels to Watch: ⚠️
R2: 276x-8x
R1: 270x-2x
S1: ~260x
S2: ~250x
My latest mobile updates available on TeL egr am ;)
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