KLCI may on last leg up to complete leading diagonal pattern in wave a (Cyan/Light Blue Circled). Where price could reach at around 2144 before more than 50% crash!? on Mid of 2022?
FKLI1! 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 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
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.
Hallelujah!! ( 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...
this 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...
this 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...
Even KLCI future index breaking a previous low it's still possible for its price to rebound back to around 1540..
FKLI 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.
this is number 293... after breaching below the strong 1550 support level, fkli july has been trading below it since...the recent move is...hovering below 1515 and reached low at 1500...1534 has to be breached to confirm a reversal...till then, still a sideway market with bear in charge...bull has lost its fight and not sure when it will return... IF you are keen...
KLCI future index price possible could have a retracement back to around 1570 at upper trend line of the channel ..
Kuala Lumpur Composite Index probably at the beginning of last leg of expanding ending diagonal wave (c) (yelllow) ... which is wave V (green)
If ....KLCI Future Index Price could hold above 1500 by end of the year..possible forming an ending diagonal pattern at wave (C)(Cyan/light blue).. AND ..Probably will resuming its up trend toward above 2000
FKLI Daily Rst: 1,565 Spp: 1,532 The index is on the verge to break down from pennant formation, since this is the second round it fails to hold its support at MA200, the tendency to breaking down is high.
As "They" Said When US Future up, KLCI won't always follow.. BUT When US Future "drowning...."... KLCI will sing...l " I will follow You.....".. Maybe KLCI Next Major Support Could be around 1400
this is number 291... another advanced pattern discovered side-by-side to the earlier advanced pattern, bearish cypher pattern...this is a bullish bat pattern...\ entry level is the controversial 1550 ---super strong support, also the indicator of sideway or bear market...entry is possible at 1552, SL below 1545, 1st tp 1570...no 2nd tp...haha...not sure if it is...
this is number 290... this is a late discovery...I actually forgot to post this online...sorry for all inconvenience caused...the discovery is bearish cypher pattern, a small pattern which happened on 14th june 2021...short position at 1586-88, SL abv 1593, 1st tp 1572, 2nd tp can hold till "stop-and-reverse" position at 1552, it is at this point whr we might have...
KLCI future index price "stalled" at around daily 200 EMA / demand zone and trend line forming a bullish diamond / triangle pattern