Another round for FKLI?MYX:FKLI1! could be headed for another round to the upside IF it manages to break above 1606. Keeping stops tight at 1602.5 with a target area of 1618.
Good luck.
FKLI1! trade ideas
KLCI Static vs Dynamic Cycle Analysis. 25/Oct/21Both Current KLCI index Price Dynamic Time Cycle No. 6 (cyan) AND Static Time Cycle (Red)(Dashed Curved Line) is pointing south.. Where the average low of the cycle will be due after 19 Nov 2021...
Futures Kuala Lumpur Index take a break?After recent rallied with the strength in plantation stocks and banking industries served support, market somehow touched on the resistance level at 1600-1620.
Profit taking activities likely to step in, with nearest support level at 1550-1565.
MACD showed divergence too. Who holding long position please take note, as market may have small correction after recent surged.
-market likely to move lower if market stays below 1605; target market range 1580-1605
-support level:
S1 1600 S2 1594 S3 1588
-resistance level:
R1 1610 R2 1616 R3 1622
-yesterday daily settlement: 1605.5
mid: 1605.8
strategy 1: Short if stay below 1600
tg stop 1606
tg exit 1582-1594
strategy 2: Long if stay above 1615
tg stop 1609
tg exit 1621-1633
FKLI headed higher on the 1HMYX:FKLI1! is looking to head higher IF it breaks and maintains above 1597.5 on the hourly. Targeting firstly 1608, and then 1614 thereabouts.
Good luck
FKLI TRADING : 305) full reversal of trend has happenedthis is number 305...
As what I have told frm the previous passage, the trend will reverse once the resistance of 1552.5-1563 has been breached. The momentum of uptrend continues on for fkli-oct and it closed abv the 1600 resistance tdy, 13th Oct 2021. It has turned into bull for both daily and hourly charts.
SO now, the most practical trading strategy would be "long on retracement" until the change of the trend. We are in recovery phase frm the fearful covid-19 pandemic therefore fkli is expected to rise to even higher region, 1655-1685, which could only be seen somewhere Dec last year to early this year.
the closest support region ranging frm 1580-1600 and the closest resistance range frm 1611-1631. hence, there is a high chance we might closing in the range abv 1600 and testing 1700 during the end of year window-dressing period. However, that is still too early to say. Hopefully, US and other big market dun catch us by surprise.
*plan your trade and trade your plan... gud luck*
higher resistance : 1655-1685
immediate resistance : 1611-1631
immediate support : 1580-1600
critical support : 1560
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*
KLCI may form a diamond/contracting triangle. 12/Oct/21KLCI index price still in ranging and price may form a diamond/contracting triangle pattern before breakout for resuming uptrend..
FKLI TRADING : 303) downtrend oh donwtrendthis is number 303...
fkli-sept ended yesterday. Nothing much to report actually but it is still in downtrend for the fkli. It is downtrend and sideway as fkli-oct is more sensitive to the news events and market sentiment. Support is ranging frm 1513- 1524 and resistance frm 1552.5 - 1563.
IF the price breaks above the 1552.5-1563 resistance, THEN it will retest the 1580-1600 resistance. IF it falls below the 1513-1524 support level, THEN it will go to 1482-1497.
I am of the opinion that if the market still lacks any sentiment or "exciting" news, it will continue to slide and drop... as there is still much uncertainty and the market is still haunted by the ghoully effect of covid-19, it is still more doom and gloom than glory.
As in term of technical analyst, fkli-oct needs to break higher than 1552.5-1563 to reverse the downtrend and invites the bull home.
*plan your trade and trade your plan... gud luck*
higher resistance : 1580-1600
immediate resistance : 1552.5-1563
immediate support : 1513-1524
critical support : 1480-1500
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*
FKLI reached wave 3 Fibonacci 1.618Just finished corrective wave in Daily timeframe, broke up from downtrend channel ABC.
H4 Timeframe : impulse wave 1 and heading to wave 2 right now
I traded on impulse wave 3, looking for bullish trend soon !!!
This is Elliott Wave !
FKLI hourly has potential for a rebound after breakout to upsideFKLI1! has some potential for a counter-trend reversal to the upside if it manages to break above the 1524 level or if it stays stead above this area.
Targeting 1,544.5 in the short term.
KLCI 1515 is the "key" support. 20/9/21KLCI may found major support at around 1515 where there is a confluence zone of 1) trend line (yellow dotted) resistance/support flip zone 2) Major Demand Zone
FKLI hourly breaking support?The FKLI1! Index futures are looking to break its immediate 1543 support on the hourly timeframe to head lower targeting a low of 1525.
Drop a comment if you agree.
FKLI COMMENTARY 07092021Comment:
FKLI traded in sideway between two yellow trendlines highlighted. IF FKLI break above yellow trendlines , bullish flag will materialize. Traders may looks for Buying opportunities.
Our preference:
IF FKLI break above yellow trendlines , bearish flag will materialize. Traders may looks for selling opportunities with targets at 1595 resistance level .
KLCI sentiment turned Bullish Even w/ "Old" Hse Cabinet 30/8/21Hallelujah!! ( Hari -Hari Duit Ah !!) ).... KLCI Index Price have broken wave b (Green Circled) High AND descending Channel confirmed the Running Flat Pattern wave B (Red Circled) completed. Meant KLCI index have turned from bearish to bullish and index price will break all time high in 1-2 years...
KLCI. Should we runaway from Bull's Torn?! 25/August/21KLCI index price now currently at the down trend line (yellow dotted) and Supply Zone (Red Zone).. Price could be stalled and resuming its down trend..
FKLI TRADING : 299) celebration moodthis is number 299...
The announcement has been made yesterday. The "you-know-who-he-is" has made an important announcement that he is resigning...and the whole market is celebrating...yeah, yahoooo, yesssss...
OF course not, the market is celebrating bcox there is an uplift frm the stricter mco to a more lenient emco and the opening of the 18 industries for economical recovery. that is the main reason for fkli-aug to shoot all the way up frm low of 1500 to 1524 tdy on 17th Aug 21...
I am not an economist so I won't cover much abt the economy part...but for the technical analyst part, fkli-aug has made an ISH (Initial Structure High) in hourly chart and might move further up to test 1532-1538 b4 challenging the strong resistance at 1550...
Of course, new PM and new government which is formed will oso bring some impact on the economy and stocks market as well. I believe that the stocks market will show some kinda rebound as well. fingers cross.
Albeit all the gud factors, market is still haunted by high covid-19 infection numbers, vaccination numbers which is still low, the market recovery and unemployment/retrenchment issues on the rise...so, this could be a temporary release of the falling pressure and the rebound could be a short lifespan and a longer sideway market could prevail...so I am bullish in the short term as a rebound/recovery and still maintain bearish in mid-to-long term.
IF you are keen on fundamental analysis , then watch out for mco uplift, covid-19 situation in Malaysia, political uncertainty, etc...
*plan your trade and trade your plan... gud luck*
higher resistance : 1550
immediate resistance : 1522-1538
support : 1494-1505
critical support : 1478-1486
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*
FKLI TRADING : 296) a bullish divergence signalthis is number 296...
fkli-aug has a fresh start with sliding near the support level of 1486...today, it is seen that a bullish divergence signal has appeared.
the price has slid lower but the RSI going up, sometimes it is called rsi divergence too. this happens in hourly timeframe, so u can check it out.
Of course, this doesn't mean u should jump in and ride this bad boy straight away. For me, I would wait for a breakout above the Lower-High of 1534 before anything. SO, u should still stick to ur trading plan if u have any. If u dun have, get one.
IF the rebound attempt fails, we should see some support at the next level at 1457-1460...that's all for the update.
IF you are keen on fundamental analysis , then watch out for mco uplift, covid-19 situation in Malaysia, political uncertainty, etc...
*plan your trade and trade your plan... gud luck*
higher resistance : 1550
immediate resistance : 1516-1533
critical support : 1486
lower support : 1457-1460
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*
DAILY FKLI COMMENTARYComment:
The immediate trend remain down.
Our preference:
A candle break below 1482 could trigger selling pressure towards the 1460 support.
Alternative scenario:
A candle closed above 1500 resistance level could suggest buying pressure . Trader may look for long opportunities with 1510 as target.
DAILY FKLI COMMENTARYComment:
The immediate trend remain down. However, there might shows some weakness in this downtrend as FKLI reach it's support level 1485 zone.
Our preference:
Traders may looks for selling opportunities at least have a candle closed below 1485 zone with targets at 1460 support level .
Alternative scenario:
A candle closed above 1500 resistance level could suggest buying pressure . Trader may look for long opportunities with 1510 as target.
KLCI maybe forming an expanding flat pattern. 1/August/21Even KLCI future index breaking a previous low it's still possible for its price to rebound back to around 1540..
DAILY FKLI COMMENTARYComment:
The immediate trend remain down as long as FKLI stay below 1525 level.
Our preference:
Traders may looks for selling opportunities with targets at 1500 support level .
Alternative scenario:
A candle closed above 1525 resistance level could suggest buying pressure . Trader may look for long opportunities with 1538 as target.
DAILY FKLI COMMENTARYComment:
A candle closed below yellow highlighted will conclude that FKLI will continue trend downside.
Our preference:
IF FKLI break below yellow trendlines , bearish flag will materialize. Traders may looks for selling opportunities with targets at 1500 support level .
Alternative scenario:
A candle closed above 1525 resistance level buying pressure will kick in. Trader may look for long opportunities with 1538 as target
FKLI - Still Plagued by WeaknessFKLI Daily
Trend: Bearish
Rst: 1,532
Spp: 1,509
Remain in tight consolidation zone between Fibo Ext 50 - 61.8%, no significant sign of improvement observable from Daily or 4H chart yet. The index will plagued by weakness for certain period of time.
DAILY FKLI COMMENTARY Comment:
FKLI traded in sideway between two yellow trendlines highlighted. IF FKLI break below yellow trendlines, bearish flag will materialize. Traders may looks for selling opportunities.
Our preference:
IF FKLI break below yellow trendlines, bearish flag will materialize. Traders may looks for selling opportunities with targets at 1500 support level .
