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Bursa Malaysia KLCI IndexBursa Malaysia KLCI IndexBursa Malaysia KLCI Index

Bursa Malaysia KLCI Index

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FBMKLCI nightmare is over, is it? Towards LT 2300 pointsWe review FBMKLCI performance from 1983, as with other market, is on long term upward bullish trend with high volatility. Economic and financial cycle is obvious from the chart, with KLCI was responding to the bullishness and bearishness of the world financial environment. Suffice to say, 10 years cycle is imminent from the chart. When FBMKLCI touched ATH during 2014 and subsequently failed to produce new high in 2018, although not favoured, it went down to the extreme point of lower regression area during Covid-19 crisis. With the new development that covid 19 will be possibly over, and the recovery is on the track, we think that the nightmare is done, and FBMKLCI will be good to go upper regression band in the future. We think in next 5 years, FBMKLCI will be in bullish mode, underpinned by strong recovery in many sectors, particularly finance, industrials, tech and construction. Risk: Political risk will always surrounds Malaysian market for quite a while, and has no sign of slowing down to achieve stability. Until real election taking place and solid ruling party with good track record and ability, we might experience a lot of uncertainties.
FTSEMYX:FBMKLCILong
by SmartSahamWyckoff
FBMKLCI: Bullish for GOOD or BADBased on my view, 1) market break the trend and now starting to bullish to completed the last wave (wave 5) - Bullish for GOOD --------------- OR ------------------------- 2) Market already completed correction for wave A and now bullish for wave B before continue bearish for wave C - Bullish for BAD with current pandemic situation right now and the new MCO order from Government starting next week, most probably the FBMKLCI market will Bullish for BAD.
FTSEMYX:FBMKLCI
by raslaffan