KLSE trade ideas
FBKLCIHistory repeat itself..
July- August double top
now is reapeating
importance to stay above EMA50 - touching this level will be good entry- fail to stay next support will be EMA200
KLSE (MYX)Detailed Elliott Wave Count for Malaysia's KLSE index since its inception.
Once Primary Wave 5 is in - we'll probably head into recession, though that's still a long way to go; probably at least a decade.
KLSE: CAN IT MAKE NEW HIGH?I'M EXPECTING KLSE TO MAKE A NEW HIGH (HH) AND RETEST 1700 LEVEL IN THE NEXT MONTHS FORWARD TO CONFIRM A BULLISH TREND.
Elliott Wave Calculation for KLCIPractising my EW count.
In my opinion, KLCI has completed its Wave 5 and currently having its pullback heading to the south.
Just my 2 cents!
FBMKLCI IS HEADING HIGHERFBMKLCI is going higher in line with the other world's market. Next resistant is at 1861 and should this level hold, the price will go much higher.
KCLI's Performance Relative to Historical Financial Crises. KCLI's Performance Relative to Historical Financial Crises.
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.
FBMKLCI [9 November 2020] in Support & Resistant ZoneSupport 1519.39
Resistance 1537.17
To break 1519.39 for next resistance at 1569.67.
KLCI INDEX - REVERSAL CONFIRMED?Chart with timeframe 1 month menunjukan sudah berlaku 'Double Top' dan "Double Bottom'.
Wujud Bullish engulfing pattern disitu.
Target 1565/1640 mata.
#TAYOR
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. :)
KLSE WEEKLYUpon completed Wave B of Bear, Wave C is in progress.
Current outlook : Bull in short term.
Market might rebound to 1600 range before drops till 890 to complete the recession/deflation cycle which is a hard reset for business...
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.
daily analysis of FTSE bursa Malaysia KLCIHi friends
the daily chart shows the downtrend for the next few days so I recommend you not to keep in the portfolio
to have more analyzes please subscribe
thank you
KLCI short the pullback ( Winter is Coming )KLCI INDEX BROKE THE IMPORTANT NECKLINE
AND NOW PULL BACK 1600 AREA .
monthly candle inside bar break down .
SORRY BURSA, NOT THIS TIME.My forecast for KLCI still in bearish bias. Fundamentally, due to global pandemic and internal political issues. Technically, we can see big reversal chart pattern double top and there's no bullish momentum in price action as for now. Please be informed this analysis based on my long term perspective. If this analysis is wrong, perhaps we can see big movement of recovery. Happy investing!
