edramlan

edramlan

Price is still bullish however it is at a resistance. Expecting that it will make a retracement before resuming higher. 4600 price area is the level to watch. If price didn't make the retracement and close above 4700 area then there is possibility that it will want to continue higher to target 4770 area.

edramlan

Price is bullish as expected. At the current level a retracement towards 4550 would be nice. From that level another push higher is expected. Immediate target is around 4720 area.

edramlan

Price did go higher as expected. Expectation next week is for price to continue higher to target 6440 price area. There is some resistance at the current price area and the area above. So there might be some retracement before price continue higher. Overall is bullish.

edramlan

Expecting for price to go higher this week. Target for the week is around 4550 area.

edramlan

Price moved to the targeted level as expected even though it took a while to reached it. As of last week, bearish is still in control. Price is expected to make a retracement to fill up the gap and then continue lower to the first TP (TP1) before eventually reached TP2. If you like or agree to this idea please give it a "Like" or a "Boost". Cheers.

edramlan

Expecting that FCPO will continue lower next week. Probably it will move closer to the 4200 to 4100 area. From there it will depends on price action on the next direction.

edramlan

FCPO is bearish. This is a short week and I'm expecting price to make a retracement before proceeding lower. So it is bearish this week and probably it would be bearish as well going into next week.

edramlan

A retracement followed by a bullish key reversal and an inside bar candle usually a good indication that price would continue higher. Thus next week I'm expecting a higher price for FCPO and TP should be around 5200. However if price failed to move forward beyond the area of 5065 then there is a possibility that price might go lower. For now it is bullish.

edramlan

It is still bullish. It is expected that the price will continue higher or at least tested the 5200 price level. There are 2 options. It will either go ahead bullish on opening next week (OPTION1) or making a retracement to fill in the 4hr GAP and then continue higher (OPTION2). OPTION 2 is the preferred price action.

edramlan

FCPO is having a good retracement last week. Overall the trend is still bullish until proven otherwise. However I'm still expecting a bit more downwards before price settling to start a move a higher. A move below 4600 is a possibility next week. From there, depending on price action, the price might consolidate a bit before starting to move higher.

edramlan

I don't think that we are done with the move downwards. I think there is still some room down and the retracement will continue towards Target 1 and if that level didn't hold then it is likely that the index will move towards 1540 (Target 2). Then depending on the price action, KLCI would probably try to make a move higher. For the week ahead, it is still bearish.

edramlan

I'm expecting that KLCI will continue to track lower to break the 1600 level. TP1 is around 1590 level and from there, depending on the price action, it will continue to go lower. Next target lower is TP2 which is around 1580 to 1570.

edramlan

FCPO is bullish. However it starts to look heavy and overbought. Waiting for a retracement lower might be a good idea before committing. If the retracement holds and creates a support area then there is good probability that FCPO will move higher and possibly creating a new higher high above 5000.

edramlan

Price has been moving higher after penetrating the neckline of the rounded bottom. Price stays above the neckline for the passed 2 weeks and it should be the indication that momentum is building for a move higher. However expect that price will make a retracement lower to the support area. If this area holds then price should continue higher and possibly making a...

edramlan

Bitcoin looks interesting (well at least to me). It seems that it is ready to go in a bullish run. Waiting for opportunity to go bullish once price pullback to the 58,800 area. Immediate target is around 61,200 area and larger target is around 65,000. Like and follow if you agree with this idea. Happy profit day!

edramlan

The 4-hour chart indicates a strong upward price movement. An inverted head and shoulders pattern has emerged, with the price breaking above the neckline, marking the first wave of the move. This was followed by a brief consolidation phase, representing the second wave. Now, the price appears ready to resume its upward momentum, potentially forming the third wave....

edramlan

Yesterday's movement might have broken the range. However, a retracement is expected, presenting an opportunity to sell. Consider selling with a target of 3600.

edramlan

Yesterday, FKLI nearly reached 1500 points due to a significant sell-off, similar to other markets. In the short term, there might be some reactionary buying, but a further decline is expected. I anticipate the price will eventually drop to 1500 points before consolidating to determine the next move, whether lower or higher. Currently, we can expect a brief...