ENERGY: ANOTHER RALLY TO GO?Any opportunity around this area or maybe slightly lower range? Keep on eye...
Disclaimer:
For discussion and sharing purpose only. NOT entry recommendation. Trade at your own risk.
#TAYOR
ENERGY trade ideas
Energy Simple Chart AnalysisEnergy - Market recent rise seem to have favour the commodities too. Perhaps we all can take a look into our klse energy index. Once this pattern complete, it will set towards the next resistance 854 area there to complete the rounding bottom pattern. Individual may monitor Hibiscus & Dayang.
Haven't Investors Notice About FBMKLSI Energy Index?If we look to the chart above, we can see that Energy Sector in Malaysia is still undervalue or maybe I am wrong.
Eventhough Oil price is continue rising, but we can see that the Energy Index is at what can be consider a low territor. If we see, while the index making Lower High (arrow 1,2,3) but the oil price (Brent crude) during that particular day keep getting higher. That is an inverse to the index point.
Why is this? It's either investors are overlooked this sector or Malaysian Energy sector is not attractive enough.
This should be a chance for small retailers to start join this bandwagon because sooner or later it will fairly be price eventually.
Weekly Index Review: EnergyIndex price supported above 916 line. Can it reach 1126 zone before oil supply recover?
Energy Index Bursa MalaysiaWeekly potential wave-3 (EW) movement for Energy Index and what is leading stocks going to be?
Break ChannelBreak on 08.02.2021. Possibility forming W5. currently completed W4 on 05.02.2021. Can buy with risk 5%-10%.
Weekly Index Review: EnergyForming a higher low. But the MCDX is not showing any banker chip flowing in. Lets observe again if it can continue bullish next week.
Weekly Index Review: EnergyPulling back and Index 868 is important support and find the entry if support can hold.
Energy, retracing to regain momentumNot able to continue its bullish but however the price is still get supported above 900. Regaining its momentum for time being before next surge.
Energy index, better than constructionContinue the bull after breakout. Much better than construction.
However, another resistance is awaiting next week.
Malaysia Energy Index Closing GapMalaysia Oil and Gas Stocks is closing the gap being made during the March sell off. Super bullish on energy stocks.
Follow the smart money, news will always comes later.
Get into a trend at the beginning, not at the end. The risk reward ratio is favorable here.
Energy Projection using Fibs Speed Resistance FanFSRF will indicate the following;
- price level of potential trend correction rise or fall
- combination of trendline and % retracement
- measure the trend speed
- also can be viewed as support and resistance lines.
Significant uptrend line for the energy sector. Hope price to stays above the higher speed line to keep the momentum.
energy index klcienergy index just show a good pullback and forming wave 1 as uptrend 80% confirm
currently ongoing to complete wave 2 fib retracement about 50% form the wave 1
predict pullback will be happening anytime soon
suggest buying energy stock
