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Nasdaq100 Simple Chart AnalysisLooking at Nasdaq chart, is still maintaining its support area here & all it takes to move bull might need to wait 23rd Nov. If data is unfavourable, it will retest back support. My Personal Market Review Market Review Quarter Result Month Nov 23rd Core durable goods, initial jobless claims, new home sales & FOMC meeting minutes. Nov 24th & 25th Thanksgiving day ( Holiday ) Good morning 1 Malaysian, seem we had a hung parliament on going & i am going into such politic view here cause no one will know what will happen to our KLSE but guidance already given earlier to be conservative on it despite a mini bull run at US side. Let's the party leadership to decide as i believe everyone already did their best vote out there. All i can say god bless our KLSE. Let's focus more on US market cause any big movement from this will impact the entire market out there. The only important event we will have on the coming week will be 23rd FOMC meeting minutes. It might have the projection to start off their 1st cut or continue with raise rates which will determine the next market direction. Base on the latest economic data, inflation had been declining & this will bring positive movement towards tech sector. If we view the index chart, retracement is on going & if this continue to last long with the positive data, I assume Feds result might be a positive ahead than all of us shall have a Christmas Rally to run. Conclusion, I will still maintain my strategy to be conservative for KLSE till a government form & optimistic that US side will run a mini bull. Let's see if that will happen. May the bull be with us all.
OANDA:NAS100USD
by FFCloud
Selling pressure is in HARTA *refer to the image link* Today HARTA is trading with high volume at the high price in the morning, while price is not marking higher. This indicates the big boys have no intention to mark the price higher & a price retracement is on the way. High volume price down happens around 11:40 & 12:15 shows the selling pressure is in. We see a few glove makers are having the same price & volume movement. Today shows the first day of high volume sell down within the day. We expect price retrace in the next few days.
MYX:HARTAShort
by ROUNDnSURGE89
KLCI On Going To $1206 Price | Bearish Movement | 111022 | It has been an excellent rollercoaster for KLCI Indeks. We are in the midst of a downturn in pricing when the price of Ringgit will not stand a chance to recover in the next 2 years. While we are in the midst of dissolution in Malaysia. We do not have any current prime minister running for management. While this dissolution only makes the settlement in not go in order. While all the companies in Malaysia are still having a downturn in profit. In order for the index KLCi on going to the trend, I can't see anything on the clear road except bearish. The CPI index accumulates and all the housing price is on the going rising to make the purchasing powerless. The breath and health of the current demand is not in favor. I predict the price of KLCi bearish to $1206.
FTSEMYX:FBMKLCIShort
by Zezu_Zaza
RESINTECH BHD OUTLOOK 21/04/2022RESINTECH BHD :- After a continue uptrend movement now this counter is expected to shoot up to a point 1.19 and recently break the resistance of 1.130 and is indicating to move up and if breaks the next resistance of 1.190 then can make a new high of 1.220. It is making a candle chart formation of breakout pullback formation and the entry point is 1.100. Resistance:- 1.130,1.190. Support:- 1.040,0.960 The Relative Strength Index (RSI) :- 59.49 Can be a good option for a Long Term Buying.
MYX:RESINTC
by OAurthor
OPCOM Holding Bhd Outlook 14/04/2022OPCOM Holding Bhd This counter after a Downwards Trend for almost last 2 week is now ready to take some correction a uptrend Movement is expected. according to the candlestick a Bullish Flag Formation is Forming up Can cross the last 2-week high and the resistance point 0.985 and if crosses the second resistance point of 1.020 then the price expected shoot up can be up-to 1.060. Support:-0.950, 0.925. Resistance:- 0.958, 1.020. The Relative strangth Index (RSI) is now trending at 68.22.
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by OAurthor