KLSE looking for major downtrendHello Traders
Here is quick analysis on KLSE. I'm projecting major downtrend if breaking Lower level
KLSE trade ideas
AIMING TO BREAK ALL TIME HIGH FOR BURSA MALAYSIA 1,800ptsRationally, Index is preparing to retest its all time high level just around Quarter 3 of 2021. That one is my rationale thought. If I'm too optimist, Index will break 2,000pts level by this year. Crazy enough? Its not crazy. This is rationale opinion when Politician is not around. Otherwise, they will be crazier than me.
Weekly Index Review: FBMKLCIMostly bring up by glove counters. In general market is still pessimistic with political and CV19 cases.
EARLY YEAR SALE JANUARY 20211572 Touch on Thursday 7/1/2021
MEGA SUPPORT 1548
Rebounce at 1572 will change the trend for rally starting 3rd-4th week of January 2021
Consumer Sector and Construction sector is on Aim.
KLCI - 50% retracement on Jan 7 Looking at the big picture, KLCI index should reverse it's direction and heading up after Jan 7.
Jan 7 is also a pressure date being it's 30 degrees from Oct 7 which is a turning point.
watch out for Jan 14 2021 as it's One year anniversary from Jan 14 2020 which is Gann's term 360 degrees (a full circle).
Weekly Index Review: FBMKLCIReaching near to its important support line 1613. Expecting gaining some momentum first before start the engine back.
Wish this 2021 year will be a recovery year.
Bursa Malaysia Main Index.Potential to test the Support in near term before bullish up to 2000pts for first time. Time range 1-2 years? Provided good political condition, strong economy climate.
Weekly Index Review: FBMKLCIPull back continuation lagging mainly by finance sector. Index 1612 will be very importance support.
Trend Analysis KLCI vs oil priceYTD, the trend of Malaysia KLCI Index and oil price moved like a parallel twin brothers. We know that oil price is negatively correlated to US currency so it is against most common belief that a strong US currency is good for our stock market as it will improve our exports. This phenomenon is really a mysterious puzzle :(
FBMKLCI, retrace after hitting the resistanceFBMKLCI as expected retraces after hitting resistance line.
Can it regain the momentum to break new high with 2 weeks left before 2020 year ended?
FBMKLCI / FTSE Bursa Malaysia Prediction. Where it will head up.Prediction 1 year from december 2020 - end of 2021.
FBMKLCI nightmare is over, is it? Towards LT 2300 pointsWe review FBMKLCI performance from 1983, as with other market, is on long term upward bullish trend with high volatility. Economic and financial cycle is obvious from the chart, with KLCI was responding to the bullishness and bearishness of the world financial environment. Suffice to say, 10 years cycle is imminent from the chart.
When FBMKLCI touched ATH during 2014 and subsequently failed to produce new high in 2018, although not favoured, it went down to the extreme point of lower regression area during Covid-19 crisis. With the new development that covid 19 will be possibly over, and the recovery is on the track, we think that the nightmare is done, and FBMKLCI will be good to go upper regression band in the future. We think in next 5 years, FBMKLCI will be in bullish mode, underpinned by strong recovery in many sectors, particularly finance, industrials, tech and construction.
Risk: Political risk will always surrounds Malaysian market for quite a while, and has no sign of slowing down to achieve stability. Until real election taking place and solid ruling party with good track record and ability, we might experience a lot of uncertainties.
KLSE possible to stay above 1700 in year end?KLSE index now is at all-time high since July 2019,
it reached top of the tunnel, can it really break up and head to 1800?
With so many uncertainties in political problems and increasing numbers in Covid, EPF cashing out, I'm doubt about it..
I'm expecting a rejection very soon.
If you like my work, please hit the like button :)
FBMKLCI index, now at another resistance.If next week the bullish continue, then we are expecting for longer term bullish.
KLSE sector indices performance since November 2020KLSE sector indices performance since November 2020
KLCI Index broke above resistance .. time to long all Big Stocks1620 has been a strong resistance point for KLCI for a long time. It has just broken it this week and it's good time to LONG all fundamentally sound companies especially those that has profitable income and net cash
FBMKLCI: Bullish for GOOD or BADBased on my view,
1) market break the trend and now starting to bullish to completed the last wave (wave 5) - Bullish for GOOD
--------------- OR -------------------------
2) Market already completed correction for wave A and now bullish for wave B before continue bearish for wave C - Bullish for BAD
with current pandemic situation right now and the new MCO order from Government starting next week, most probably the FBMKLCI market will Bullish for BAD.
KLCI - Recent Terms Elliott Wave Count (Bullish) Refer to the chart, KLCI has completed its wave (1) - (2) waves formation and likely moving uptrend towards the wave 1 of wave (3).
This is further supported with past two days candlesticks closing have broken out from its resistance line and stay above the resistance.
Likely to witness bull markets and index will continue to move upwards beginning of next week.
Stay bullish, and happy trading!
