the winner of 2021 ..... the index winner for klci
can see technology outperforms others
health and energy , underperforms overall index
UTILITIES trade ideas
Utilities Index Bursa MalaysiaHi there. This is what I have found for Utilities Index Bursa Malaysia.
Apparently, from the longer term TF indicates the price is moving in the sideways direction.
1. On the left chart (Medium Term), what i found is the bearish butterfly pattern which told us the reversal sign of pattern might be happening once reached the fibo extension level of 127%
2. On the right chart (Shorter Term), the pattern named... Bearish crab pattern which also indicates the sign of bearish signal at fibo extension of 167%
A part from that, we can maybe visualize a lil bit that in order the price needs to reverse on the point stated, it must move upwards before doing the reversal.
Well as usual, this is a study of probability. Please take a good care of your trading plan before making any decision.
Trade at your own risk. All the best traders !
Weekly Index Review: UtilitiesUtilities, what could be the news to boost the index price toward 985 resistance? But confirm its has found the support at 929.
When you know how to read the chart, you smell news before news.
#JeremyTrendingStock
Weekly Index Review: UtilitiesInteresting. Logi formed meaning sector index been support above this support line. Can it be another cycle back to 985 line?
Rectangle PatternSeem like at the right area/zone to buy on deep. Done retracement on level 61.8 fibo. 3-3-5 formation already completed on 02.02.2021 - 03.02.2021. Buy with risk of SL at 5%-10%
Weekly Index Review: UtilitiesIndex supported back above its support line. If next week able to uphold this support line, next resistant will be 985 again.
Weekly Index Review: UtilitiesThought will rebound from support line but at the end fall off too. Not looking good at this stage if Tuesday cannot climb back support line.
Weekly Index Review: UtilitiesMoving up and down just like cyclic pattern. Now looks like it is going downward again. We try ignore this sector at this moment till it reach 929 support line.
UTILITIES - in channeling modePlease combines several forms of technical analysis to determine the right edge and potential points for entering and exiting trades, as well as controlling risk.
Good luck !!
