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FKLI1! trade ideas

FKLI TRADING : 334) possible reversal but for how long?this is number 334... As a summary of what had happened in the full-month Sept: the whole Sept was a total carnage! It dropped frm 1490 to 1390 at the end of the month. Now, since the interest rate hike is probably at the end of the yr (Nov or Dec?), the market finally has some time to catch some breath. For the technical analysis part, we could see "a higher-high, higher close" formation in hourly candlesticks. Hence, a reversal is formed. As for the fundamental part, the significant event which might trigger some buying/selling is the recent possible declaration of dissolution of Parliament by our PM, and the announcement of budget 2023, which is regarded as the "election budget". Activities of "window-dressing" is almost certain to create an "economically-sound" country and to generate "feel good sensation" to the people in the hope that people will still vote them in return(will they?). My own two-cents prediction is from the announcement of budget/dissolution of Parliament till the real approach of the imminent General Election 15/GE15, we might have a short window-period of time of small bullish in both stocks market and futures. Likewise, there is no guarantee that what I predict will happen 100% accurately. Nothing is certain now, only that the interest rate's increment is imminent and we might have another round of massacre in Oct till Dec period. higher resistance : 1443-1460 resistance : 1427-1430 lower support / : 1380-1407 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MYX:FKLI1!Long
by HAIDOJO_trading
FKLI TRADING : 332) downtrend is likely persiststhis is number 332... As a summary of what had happened in the full-month August: what you are looking at was hourly chart in August for fkli-aug. FRm the beginning of the month till 17th Aug, index was moving in uptrend. After the mid-month, we had a huge drop frm 17th till 24th August which went frm 1530 all the way to 1465...frm thr, we had an "end-of-month rebound", which was very usual. The rebound merely hit 1509 and didn't go any further. This gave us a "Lower-High" formation and now we are waiting for "lower-low" formation which is a breakdown below the 1460 strong support. As for the fundamental part, one of the reason why we had a huge fall on 24th Aug 22 was based on Powell's speech on interest rate. Jerome Powell is the current Federal Reserve's chairman, and a lot of huge fund managers in the world have a mutual consensus, they all have a "follow-the-fed" strategy in trading. According to Powell, the interest is "still on the hike". Therefore it is expected to announce another round of interest hike in September. In that case, we could have expected another round of selling in September. so, short on rebound now. till the news come out, then we might have some counter-trend trades. higher resistance : 1520-1530 resistance : 1503-1510 lower support / : 1460-1465 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MYX:FKLI1!Short
by HAIDOJO_trading
FKLI TRADING : 331) when fundamental clashes with technical...this is number 331... As a summary of what had happened in the full-month JUly, the first half was similar to fcpo, which was a downtrend frm 1460 to 1412.50. Then it started to rebound and hit 1480 first, retraced back to 1460 before hitting higher and yesterday reaching 1500 resistance. Technically speaking, fkli-July has shown series of movement which created NSH-HL-NSH which indicated that the trend had reversed into uptrend. Hence, going into August we should aim for "long on retracement"...look for support at 1480 and 1460 and any signs for rebound frm thr like Double-Bttm or stalled bar candles at very tight range... However, the fundamental speaks differently. With Nancy Pelosi current visit to Taiwan, thr was fear of retaliation action frm the Communist friend(btw, if you dunno who is Pelosi, search google). Everybody is holding their breath right now. Are we at the brink of WW3? nobd is sure of that. Hopefully not. SO, follow up with what is going to happen with the visit and for Malaysia's own news, wait for announcement of General Election or interest rate hike. Fkli is very sensitive to news-event, therefore fundamental such as news and any major events might trigger some selling/buying pressure. When the so-called "bad-news'" has subsided, I would choose on "buy on dip". higher resistance : 1520-1530 resistance : 1500 immediate support : 1480 lower support/ : 1460 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MYX:FKLI1!
by HAIDOJO_trading
FKLI TRADING : 329) downtrend is likely persiststhis is number 329... First of all, we have broken below the critical support of 1480 and the latest low was at 1415. Basically, it is in full downtrend mode right now. As the bad news was sent out yesterday, when BNM announced its hike in OPR to 25 basis, adding frm 2% to 2.25% interest rate for overnight OPR, this sent shockwave to the entire investing/trading community in Malaysia, and today we could see some mild rebound as the market has relieved and fkli-july is heading a rebound. As the over-head resistance ranging frm 1440-1464 is not broken, we expect the fkli-july will make some struggle within this region, slowing down, and compromise to the bear and rollover. Even if price successfully make it abv the recent 1465-high, it is still possible that it is a false breakout, as fkli is news-related and I had "kena"/(had been played) already last month. Temporary support is at 1412.50 and lower support at 1360, a level which was never seen since "the great fall" in March 2020. The critical 1480-1450 support level was also broken and this level is only seen in Nov-20, some 2 years ago. For the fundamental part, wait for the announcement of possible next GE election. That is the only mild spurt of gud news that temporarily we could have expected. With the parties desperately trying to hang on to their power poles, it is expected some kind of "lift-ups" or "window-dressing" will be carried out before the next General Election/GE. Again, dun expect much, as the whole world's economy is deteriorating, one alone couldn't fight the trend that sweeping the whole globe right now. If you have some stocks which you seek to sell off before the worst to come, it could be done during the time after announcement of GE but it is definitely not a gud timing to "buy and hold" strategy. juz my pity 2-cents opinion. Another round of selling is expected to happen in September as it is expected that BNM might increase the interest rate again during that time. See which one happen first? the rate hike or the announcement of GE election? higher resistance : 1480 resistance : 1450-1465 immediate support : 1412.50 lower support/ : 1360 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MYX:FKLI1!Short
by HAIDOJO_trading
FKLI TRADING : 326) possible reversal signthis is number 326... 9th May 2022 was indeed a false alarm. So, back to our story in fkli both limits which are the 1480 --the low and 1612--the top are both not broken. so basically we are still in the box. Sideway, and our best strategy is still trading in the box strategy, which is short on resistance and long on support...the trending is actually a "no, no". the alphabets you saw on the diagram are "LH--NSL--ISH", stand for " Lower-High, New Structure Lower, and Initial Structure High...hence, it is a signal potential for a reversal. so I will look for a long position. Again, this is not a signal service channel and I am not giving any signal of buying nor selling. I am just saying that is what I am going to look for if I were to trade. As for the fundamental stuff, or for stocks, stay alert on news on when is the next GE going to take place and also the potential hike of interest rate to tackle the very high inflation. That's all folks. Happy hunting and stay safe. 2nd June 2022 higher resistance : 1612-1618 (highest resistance so far) resistance : 1570-1578 immediate support : 1547-48 lower support/critical support : 1527 / 1480 (1480 is the lowest support we had since Nov 2020) WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MYX:FKLI1!Long
by HAIDOJO_trading
2
Bullish Pennant on FKLI Bullish pennants are continuation chart patterns formed after strong moves and appear in a bullish market. Just like its name suggests, it signals that bulls (buy side) are about to go a-chargin’ again. Because of this, the price usually consolidates and forms a tiny symmetrical triangle, which is called a pennant. The sharp climb in price would resume after that brief period of consolidation when bulls gather enough energy to take the price higher again. outlook: the price will made another strong move upwards after the breakout. Entry order and position to take Long order (buy) above the pennant Profit target can be set above the breakout of the pennant based on the size of the first flagpole at the beginning of the formation. Protective Stop loss At the bottom of the pennant
MYX:FKLI1!Long
by SirPoji