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FTSE Bursa Malaysia Small Cap IndexFF

FTSE Bursa Malaysia Small Cap Index

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FBMSCAP trade ideas

FBMSCAPFTSE Bursa Malaysia Small Cap Index - Overall Trend : The index has experienced a strong uptrend from late 2023 into early 2024, with prices consistently making higher highs and higher lows. However, starting around June 2024, the index began a significant correction, with a noticeable downward movement that broke below the support of the middle Bollinger Band and continued lower. Bollinger Bands : The Bollinger Bands indicate increased volatility, especially in recent weeks. The bands have widened, and price action has moved sharply from the upper band to the lower band, suggesting a bearish sentiment. After touching the lower Bollinger Band, the price experienced a brief bounce, but it remains below the middle band, which could act as resistance. Recent Candlestick Patterns : The recent candlesticks show large red bodies, indicating strong selling pressure. There’s a gap down visible, followed by a small bounce, but the overall pattern suggests that sellers are still in control. Support and Resistance Levels : Support: The most recent low around 14,809.16 could act as a strong support level. If the index breaks below this level, it could lead to further downside. Resistance: The immediate resistance is around the 18,400 to 18,600 level, near the middle Bollinger Band and the recent highs from the minor bounce. Conclusion : Bearish Outlook: The index is in a correction phase after a prolonged uptrend. The recent price action, moving averages, and Bollinger Bands suggest that the bearish momentum is still present. Potential Reversal: A decisive break below the recent support level (around 14,809.16) could signal a continuation of the downtrend. Conversely, a break above the 18,400 to 18,600 resistance level could suggest a recovery. This analysis suggests caution for long positions, as the bearish momentum appears strong. Monitoring key support and resistance levels will be crucial for identifying potential reversal or continuation patterns.
FTSEMYX:FBMSCAPShort
by Sahrin
FBMSCAP possible dead cat bouncekalau kita tengok based on weekly kita dapat lihat momentum masih kuat untuk ke bawah. price dah hit support dekat area psychological 8000. berkemungkinan price akan membuat rebound mencari 38% fibo line di area 10000 sebelum price meneruskan kejatuhan mencari area 7000 tetapi sekiranya pada minggu ini atau minggu depan support 8000 break kita dapat lihat selling masih boleh berlaku dan mencari support sebelum ini di area 7000 #remisierMIB #stallionbrothers
FLong
by Luqmanmatyusof
FBM Small Cap possibility to rebound after forming a Hammer!FBM Small Cap is always our best indicator to track the overall market performance and benchmark. We have let our readers knew that we have took profit on 26th April for all our short term position and remain our long term position. The reason we exit was due to the forming of Bearish Engulfing candle on the closing of 26th April and we would never expect the escalation of trade wars will continue. But we are lucky to escape the huge drop of FBM Small Cap from 13800 to 12600 approximately 9% due to the technical analysis we used for entry point and exit point. Today which is 14th May our stock markets was opened low at 12500 and having a huge rebound to 12700 and forming a Big Green Candle. Based on the market sentiment, today we decided to re-enter our short term position partially due to technical analysis. Why would we only enter partially? As the market is still pretty volatile at current stage therefore we would not put all our eggs in one basket. Even though the market is volatile and turn bearish we will still give it a chance as we have manage to exit on top of the down turn. Hence we will try our luck this round to see whether we manage to enter some position on the market mega sales. Solely for education purpose without any buy or sell recommendation. Please follow us if you would like to have more trading opportunities in KLCI stock market.
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by oneplus12
FBM Small Cap Alert for Selling SignalThose who have been follow us closely would know that FBM Small Cap is always the indicator we used to enter and exit for Malaysia Stock Market Last Thursday we have alert our readers on the buying signal on the hammer formation after a 5 days red streak. And our trading strategy is always to out perform the market. After a 6 days green streak, finally we see selling signal today and decided to sell off all our short term position. Based on the Small Cap Index, 4.45% gain is the benchmark hence if you have made more than 4.45% you will be consider out perform the market while making less than 4.45% will be consider beaten by the market. Obviously this week we are way out performing the market as we have make a few good trade including Gadang(29%), Ekovest(66%), Econbhd(19%), and the so so trade which is GenM(4%), JHM(7%), Jtiasa(10%). But in overall we have profit over 20% in this week trend, and we will call it off and exit all our short term position and remain the long term position and revised our cut loss point to entry point to keep ourselves as "nothing to lose" position Solely for education purpose without any buy or sell recommendation. Please follow us if you would like to have more trading opportunities in KLCI stock market.
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by oneplus12
FBM Small Cap Index is the right way to look at Malaysia StockFBM Small Cap Index is one of the best index to track if you are following Malaysia stock market As it represent more stock compare to FBM KLCI therefore the accuracy will be higher Therefore we highly encourage traders to trade based Small Cap Index instead of KLCI as it provide more accuracy In the chart we can see that the index is having very good uptrend as it is forming higher high and higher low Hence we could try to accumulate good stocks on retracement with buy in signal such as hammer or bullish engulfing Try to take profit on selling signal such as shooting star or bearish engulfing.
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by oneplus12