FTSE Bursa Malaysia Trend Prediction for 20 to 24 September
Greetings, since the trend break through the bottom resistance 1557, now the new test of resistance will be 1527.
The MACD and RSI show the down trend and i feel that it is meaningless to show the indicator, so i use other indicator to show the how the trend is going.
As you see, the trend is down trend now, and the down trend would probably continue at next week 20 - 24 September. Only when the cloud turn into green, and the candle shows up light blue or green colour, then the trend might be rebounce again. When the candle go below the EMA , the EMA will turn into red colour, when it backs to above, the colour will turn green.
Other reason we predict the trend will keep going down is because the week trend and month trend are going weak.
If only the trend does not break through 1527 resistance line and keep above it, then the rebounce may come again.
Again, All the prediction above just assumption, and it is not an advise to purchase or sell the share, please be responsible to your own trade behaviour.
Hope all of you may earn more money and be a rich man/woman.
Malaysiastockmarket
FCPO TRADING : 301) consolidation and a bearish gartley patternthis is haidojo and the number is 301 ...
today is 14th Sept 2021 and fcpo-nov21 is going to end soon. In two days or less, fcpo-dec21 is going to emerge as the new third active month.
We have been in this sideway since the retest of the high near the end-of July 2021. It is almost 2 months now. Adding on to the chart is that, now we are having an "ascending triangular pattern" which could break on either side. If the price breaks below the previous higher-low at 4100-4180, then we might have risk a reversal to the downside. If the uptrend continues, then the price will move towards the previous high ranging frm 4476-4525 and even break the recent high of 4560 and create a new structure high.
Sideway is bad for my trading style as I trade following the trend. So as u see, there is a bearish gartley pattern but pls DON'T enter now as it is a late entry now. ...and I don't trade advanced pattern in fcpo...because there isn't much advanced patterns in fcpo. Average 8-10 trades per year. Don't trust my words 100%, go test for urself. Believe ur own eyes and brain instead of senseless rants I am saying here. Do the same thing to the rest of the "gurus" out there. As recently, I see more and more unlicensed, marketing gurus try their very best to pretend as traders and trading masters.
You probably ask, " How do you know? How do you know they are not real? "
Answer, "It is simple. Look at what they promise u. Normally 3 things. 1. U can learn trading fast. 2. U make tons and tons of money with little or less experience/modal. 3. There is ONLY ONE way of trading, which is their way. They hold the "holy grail/loopholes" in the system and if u use other method, u are going to lose money."
I know some ppl don't like this kind of comments, but for whatever reason, I think I need to warn ppl especially frm Malaysia, as I see more and more ppl claim they are this ...they are that...but when prompt to show their trading records and such, they will start gibbering. If they are those who really been through the trading struggles and live to share their stories and experience, I welcome these ppl. They are the light at the end of the tunnel. PLiz don't hide behind the mask of a trader whose real identity is a marketer who sells course for a living...I have been scammed many times by these marketers pretending as traders therefore I despise these ppl so much. It is already a troubled time. Don't add burden to the ordinary ppl and those who really try to seek the way to trade for making a secondary income.
IF you are frm Malaysia, stay safe. juz go to work, buy groceries and go home. Get vaccinated.
*plan your trade and trade your plan... gud luck*
higher resistance : 4476-4560(the record high)
immediate resistance : 4300-4335
support : 4100-4180
lower support : 3880
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , cryptos, warrants, CFDs, spreads, options 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!
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*
FCPO TRADING : 298) bearish divergencethis is haidojo and the number is 298 ...
today is 16th Aug 2021 and it is the first day of the new exchange date. Now the third active month for fcpo falls on fcpo-Nov21.
so, nothing excited happens tdy...the recent high of 4560 is not broken...and if you scrutinize the daily chart properly, it actually reveals that the previous high formed in mid-May 2021 at 4525 is not even broken yet.
ps : WHy? I tot u said earlier that the new high is formed at 4560...?
my own ps answering the ps : yes, but thr is no higher-high, higher close which is formed abv the 4525 in daily chart.
ps : What? What the freak does that mean?
my own ps answering the ps : That means the daily candlestick/price needs to break abv 4525 (it is already done), and closed abv 4525 (not yet)
Another discovery is that the daily RSI is showing bearish divergence. It means the price continues to go up but the RSI is going down.
For me, I need another gap down go down to confirm a reversal. OR the price sticks at that level for another few days...(or few weeks/months, yesss, it has happened b4). IF the price keeps moving up and creates a New Structure High by closing abv 4525 in daily chart, then turn to long on retracement. (that means buy when it dips, and be super careful! if u have no trading plan and no Stop Loss, pliz dun do that!)
One more thingy, I started talking to my laptop nowadays. Whenever my gf found out that, she would ask me whom I am talking to?
I normally replied, " I am talking to my pets"
she would say "...but your pets are ...hamsters. They know how to read charts now? "
I kept fighting, " Well, they don't. That's WHY I am explaining to them..."
gf "... "
I hope that is not schizophrenia in the play. Social distancing and movement control thingy is still happening here in Malaysia. I have a fren who hasn't gone out to buy anything in 2 months. ...and I just hope that I can go out for my lunch and dinner soon.
that's all for tdy ...if u are frm Malaysia, be safe, stay at home...
*plan your trade and trade your plan... gud luck*
immediate resistance : 4476-4560(the record high)
immediate support : 4330
lower support : 4187-4190
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures, cryptos, warrants, CFDs, spreads, options, 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!
FCPO TRADING : 297) to the peak againthis is haidojo and the number is 297 ...
Yesterday, another test to the peak at 4476-4525 since the July trial. This level was seen in mid-May this year. IF this level is broken and new high is created, THEN this new high is unprecedented and it has never been reached b4. This is where I call it as the "no man land" region. \
Yesterday, new level is breached at 4548, but it closed slightly lower at 4505 bcox of profit taking. This formed an "inverted hammer" in hourly candlestick pattern. Unknown to what is going to happen today, I guess we have reached the top. Why?
Yesterday, fcpo-Oct gap up 100-pts and went up another 250pts! That is one of the sign that the momentum of the bull has reached its peak. It has already given out all its strength. So, look at what will happen today (12th Aug 2021).
2nd reason is, fcpo-aug is going to expire tomoro. Next Monday, on 16th Aug 2021, new active third month fcpo-Nov will emerge.
However, for the bull supporters, it is not all gloom and doom. RSI of the hourly and daily chart are not at "overbought" region yet. SO, there is still chance to create new structure high. See how it plays out today. I need to post now or else, ppl will claim me "cheating", for seeing the results first and typed this thing later. HahA.
that's all for tdy ...if u are frm malaysia, be safe, stay at home...
*plan your trade and trade your plan... gud luck*
immediate resistance : 4476-4525(the record high)
immediate support : 4400-4300
lower support : 4187-4190
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!
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*
Trend Rider 211. Weekly starting to make an uptrend with price managed to broke strong resistance at RM3. EMA 10>EMA 30>EMA 200.
2. Daily in wave 4 with reversal at 0.5 level also RBS. Hammer formed followed with strong bullish candle. Price above EMA 200.
3. Bursa Marketplace rating 6 (fund 10) CTP RM2.9, isaham 11.1 FV RM3.14, i3 RM2.78.
4. From isaham score.
Trend Rider 201. Weekly in uptrend EMA 10>EMA30>EMA 200. Starting to make a reversal at 0.618 level.
2. H4 seems like the corrective wave has finished and start to make Wave 1 then Wave 2. Down trendline has also broken. Reversal at 0.382 level with hammer formed then broke. Price action above EMA 200.
3. Bursa Marketplace rating 10 (Fund 10, Value 10, PE 9) CTP RM4.96, Isaham 11.7 WAFV RM5.91, i3 ATP RM4.23.
Trend Rider 191. Weekly uptrend EMA 10>EMA 30. Most probably start to make Wave 5.
2. H4 price breakout strong resistance and become support at RM0.8. Retraced to that level and hammer with bullish candle formed confirming the expected reversal (wave 2). Price above EMA 200.
3. Bursa marketplace rating 6 CTP RM0.98 (4 buys), isaham 10.4 (fundamental in red but profitable), i3 ATP RM0.85.
Trend Rider 18.1. Weekly in strong uptrend, EMA 10>EMA30>EMA200.
2. Downtrendline broke at H4 and forming Wave 2 with reversal at 0.382 Fibo level. Price action above EMA 200.
3. Reversal candlestick can be seen at H1 (bullish engulfing).
4. Bursamarketplace rating 7 (Mom 10) CTP RM2.4, isaham 10.1, i3 ATP 2.43.
5. From TRS Screener (D10).
FCPO TRADING : 294)retest the previous highthis is haidojo and the number is 294 ...
after the recent rally, bull has its grip back. Till yesterday, it has gone back to the previous level at 4400...
so the next level we are looking at is, the previous high in mid-may 2021, and also the highest price ever in fcpo since 2008...4430-4525
if it falls back for consolidation, we shall see some support ranging frm 4200-4300...
that's all for tdy ...if u are frm malaysia, be safe, stay at home...
*plan your trade and trade your plan... gud luck*
higher resistance : 4430-4525(the record high)
immediate support : 4200-4300
lower support : 4050
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!
FKLI TRADING : 293) building base but not confirm reversal yetthis is number 293...
after breaching below the strong 1550 support level, fkli july has been trading below it since...the recent move is...hovering below 1515 and reached low at 1500...1534 has to be breached to confirm a reversal...till then, still a sideway market with bear in charge...bull has lost its fight and not sure when it will return...
IF you are keen on fundamental analysis, then watch out for mco uplift, covid-19 situation in Malaysia, political uncertainty, etc...
but normally, before the news come out, price action already made the move...that's why, I am not a fan of fundamental analysis...
it is not the bad news which "kills" the market, it is usually the uncertainty...so sideway market breeds advanced pattern, so if thr is any, I shall update...gud luck folks...
*plan your trade and trade your plan... gud luck*
higher resistance : 1550
immediate resistance : 1523-1533
critical support : 1515
lower support : 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*
FCPO TRADING : 292)at the crossroadthis is haidojo and the number is 292 ...
First of all, my apology for the delayed episode...heavy duty...
after a full-raged bear tore down fcpo on 14th June last month, fcpo-sept has been slowly and gradually step up..till now...right at the crossroad...
IF fcpo-sept emerges higher than the current resistance ranging frm 3880-3950,THEN higher-high is formed...and a new uptrend is formed...
bullish rotation is said to be formed...
IF the challenge to retest the this resistance fails, THEN it goes back to the previous downtrend...
that's all for tdy ...if u are frm malaysia, be safe, stay at home...
*plan your trade and trade your plan... gud luck*
higher resistance : 4073-4200
resistance : 3880-3950
immediate support : 3874-3880
lower support : 3300
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!
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..
Malaysia Health Care Index.Correlation with Gloves Stock.20/6/21With geopolitical and economic issues, Should we "trace" Glove Stocks "Future Paths" with US Glove Stock ADR/OTC? or "Local" Health Care Index? which is Comprise ≈ A Quarter (28.5% ) ( 4 out of 14 Malaysia Health Care Index Stocks are Gloves Stocks)
FKLI TRADING : 291) consolidation phase-bullish bat patternthis is number 291...
another advanced pattern discovered side-by-side to the earlier advanced pattern, bearish cypher pattern...this is a bullish bat pattern...\
entry level is the controversial 1550 ---super strong support, also the indicator of sideway or bear market...entry is possible at 1552, SL below 1545, 1st tp 1570...no 2nd tp...haha...not sure if it is going back up this time...we hit this level at least 4 times this year alone...
the higher the frequency of the hit, the "softer" it gets, so, gud luck folks...
*plan your trade and trade your plan... gud luck*
higher resistance : 1592-1597
immediate resistance : 1572
critical support : 1550 (the-hasn't-broken-and-possibly-never-will-level) also the lowest-low so far
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*