FKLI1! trade ideas
FKLI - No Sign of Recovery Yet, Way LowerFKLI - Our index futures still plagued by consistent bearishness, no sign of recovery can be observed from RSI, MACD & Stochastic at the moment. And widening Bollinger Band suggests the momentum shall continue to drag towards 1,530
FKLI - Bearishness To Continue Amid of Weaker Global SentimentFKLI - Our index futures shall continue its downward trajectory after slipping down from symmetrical triangle formation, widening Bollinger Band and bearish crossover of Stochastic will lead the index way lower. Support level at 1,530; resistance level at 1,580
FKLI - Bearish Breakout From Symmetrical TriangleFKLI - Our index has just broke down from crucial support level at 1,580 and at the same time broke out from symmetrical triangle, which is bearish continuation signal. Stochastic is weakening again. Further downside can be expected towards 1,530
FKLI - Still Testing Crucial Support LevelFKLI - Our index future is still testing important support level at 1,580. Bollinger Band is narrowing which signals the index is seeking new direction. If it breaks below this important support, it will form bearish breakout from symmetrical triangle which is shall unleash stronger downside. RSI remains weak, no sign of recovery. Support again, is at 1,530
Direction for FKLI FKLI - Daily chart indicates the index still plagued by weak tone, resistance is strong at 1,600 as we can see attempts to break above this level is proven hard. Downward sloping RSI & softer MACD shall drag the index lower. And there's another risk hovering, the index may risk falling below the pennant formation which will continue to lead further bearishness to unfold. We maintain our bearish view, coming support should be observable at 1,530
FKLI REVERSALThe bottom have been in.
We printed a higher low on daily time frame. Crucial 1600. If we break up we try to reach the yellow trend line.
KLSE. FKLI. The last time KLSE blew pass this box. It went down. With the current market sentiment and constant bearish news.
2 scenarios. We might continue to dump today. Or We will get a dead cat bounce then dump further to the next support.
FKLI encounter mid-point resistance level.Today FKLI's buyers start slowing down at mid-point resistance level (1651 level) .
If buyers failed to breakthrough 1651 resistance level, we could see price retrace to 1635 level.
DISCLAIMER: ABOVE ARE BASED ON MY OWN ANALYSIS, IT'S NOT A BUY/SELL CALL AND DOES NOT CONSIDER YOUR RISK APPETITE.
FKLI analisaFKLI agak bearish .ia tidak dpt berdiri di atas ma 20. macd walaupun golden cross tapi masih di bawah bear zone. resistance pada minggu lepas berada pada 1659
FKLI Ride the UPTrendeven the market open today is gapping down but the candlestick is still close in bull candle.
try to ride the trend when there is the retracement.
can wait at the price 1710. need to wait for the price action for confirmation.
FKLI - Rebound From 3.5 Years Confluence ZoneIf you look at daily chart, FKLI did not move any lower than 1606 since 2015. Market trade in 150 range for 1 year before a rally started in Jan 2017 and brought market to 1900. The recent low 1655 become a new price level to monitor and further expand the zone by 50 points from 1606 to 1656 (as confluence zone highlighted in the chart).
The market have tested the "confluence zone" 6 months ago and rebound. 2 days ago, price further tested 1647 and then rebound to today's high 1674.
Here the current swing projection to manage your trades:
If price trade above 1674, price target 1678.
If price trade above 1678, price target 1698.5.
If price trade above 1698.5, price target 1730 (Major resistance as highlighted in red arrow)
Trader please be aware potential pull back from each target level.
FKLI heading to bear cave? From trendline analysis, FKLI level still trading within downtrend line. No visible breakout is observed at the moment to break the bear spell.
Trading Plan:
Short: 1668 (2 points lower than 1670 physological level)
Target: 1655 ; 1640
Cut loss: 1680
Continuation of Mark-Down Stage in FKLI ChartFKLI chart continue to show weakness with the continuation of mark-down stage after re-distribution. Notice a huge Sell-Off bar follow by Up-Thrust pushes the price back to the trend line.
Based on 30-minute FKLI chart, we’ll continue to short with the next Sign of Weakness (Up-Thrust) at resistance level.
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
FKLI Failed to Break Above ResistanceBased on 30 minute chart above, FKLI failed to break the resistance even with lots of Sign of Strength. The failed breakout mean lack of interest by Smart Money in long position. The bars subsequent close lower with Sign of Weakness (Sell-Off) show there is a chance Mark-down stage will continue.
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
