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Bursa Malaysia KLCI IndexBursa Malaysia KLCI IndexBursa Malaysia KLCI Index

Bursa Malaysia KLCI Index

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KLSE trade ideas

Long term Bearish The index has been collapse since early Aug this year followed by a significant breached below an uptrend line and symmetrical triangle in late Oct coincide with MACD sell signal. The collapse was preceded by a Dead cross earlier in Sept, hence confirms our bearish view on the index. The index could continue the down move to at least 1386 which is a minimum triangle continuation target, which falls on the same level at Fibonacci 1.618. Disclaimer : the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
FTSEMYX:FBMKLCIShort
by ellynacci
KLCI/FTSE Bursa Malaysia - Wave/Trend AnalysisWe are in the current horrifying pandemic which puts most businesses at an unhealthy level. Most commercial projects are not moving especially in Construction Industries. Most traders are worrying that their investment in Bursa Malaysia will lead them to losses or maybe book yourself a seat to dive straight to the ocean. Through my analysis, I don't see it as anticipate problems. Generally speaking, the Malaysia economy is still in a good shape, I'm not saying it is good, not that bad either, but nothing to worry about if you would like to start to invest in the Bursa Market. The current KLCI price is between 1460 ~ 1480 as of November 2nd 2020, and yes, price will go even lower, and it is not because of bad business but rather bad politicians that screw up the foreign investor confidence, when I say politician, I meant both the government and oppositions. Let us hop into the conclusion. Well, I am looking at the most, the price will go down to 1400 range (Target 1) or 1290~1300 range (target 2) before shooting up into the recovery of our economy, and this must be due to: 1) The introduction of Covid 19 Vaccine worldwide (Most probably will be supplied by end of 1st quarter in 2021) 2) Changes in Malaysia's political rulers through a valid and legit process. 3) 5G which includes the construction of telecommunication structures in Malaysia. If you are looking for a long term trade, then next year might be the year. If you are a Day-Trader, there are a lot of stocks that you can look up to. Downtrend? Bear Market? no worries, trade when the stock is doing correction. :)
FTSEMYX:FBMKLCILong
by AMianz
Malaysia FBMKLCI (Weakness Remain)FBMKLCI - A current long term downtrend formation trend but remain sideways pending for price action to trigger a confirmation on its downtrend movement. - Sideways crucial support to take note. A break down will trigger a downward movement on the index bringing sentiment down along especially the blue chips. - A recovery back above its Long term and Mid Term trend line is a need. - Subjected to its sideways resistant to take note in the long run.
FTSEMYX:FBMKLCI
by The_3_Lines_Trader_TFM