this is haidojo and the number is 275 ... since we entering fcpo-june, fcpo price has been trading in sideway position, still indecisive of the trend. basically, the price has broken below the critical support of 3830-3880 support level, thus, it is in downtrend... however, it is not directional in any significant way...juz goes up a little higher, then a little...
FBMKLCI Future might still forming expanding triangle, Stop lost for long would be around 1550, TP @ around 1760 as chart shown above..
FKLI Index price consolidated past 1-2weeks, between 157x-160x range. Bears in control following multiple fail test of 1600 crucial Resistance mark. Staying below Major R: 159x-161x will see bear attempt to push price back to range low 155x-7x or to lower S1 area. 🔔Underlying Support: 155x-7x ; 153x ; 150x ❇️❇️Q1 Outlook: Attempt to breakdown to Major S1......
Technicals Jan: Test major R @ 162x-4x 📈📉 Feb: Test major S1 or S2 🐻🐻 March: Test major S2 or S3 📈🐻 👇🏻 Prev idea on potential Dec2020 Top Formation 🔔 Q1 Risk Factor to Watch: Covid, Reinstating/further extension of MCO, Political instability (Malaysia), US President transition, Geopolitical tension in Iran/Taiwan I'm short bias for FKLI for Q1,...
Detail @ The Chart
Technicals Longterm: Bear 🐻📉 Midterm: Neutral (Sideways-Up) 🐻🐮 📈📉 This Month: Seasonally bullish in Dec 🐮📈 👇🏻Prev idea still largely intact, albeit with an added hint of Dec bullishness / year-end rally 🔔Watch: Budget2021 debate & its subsequent approval/rejection flat on FKLI; might take a seasonal Dec long near current sideways range low,...
Index testing prev major LH near 162x, with momentum weakness above 158x... Fundamentally, there's a lack of new positive triggers for price to go higher, neither for a strong bear case (unless go full MCO again)... Thus, I'm keeping to a wide sideways-down view as long as Major R / 1600 mark resists. Watch: Immediate UTL breakdown , may invite bears Shall...
Well-positioned to the downside. Waiting to add if a bounce to ~150x take place... RISK FACTOR❗️ Political uncertainty Further deterioration of COVID wave2 Targets: S3 (138x-140x) / S4 (133x-6x, need strong bear to reach) Time Target: End-Nov / Early-Dec Happy Hunting! 🥂🚀 -jk-
Again, still bearish on the big picture view. Had done multiple rounds of Swing shorts within the sideways range, while still holding Dec Position Shorts. ❇️ Mid-term Targets: S2 or lower Economy & consumer spending has seen significant slowdown since start of October, which is typical of economy lagging 6mths behind market (Covid plunge was March2020). Adding...
Overall, still Bearish on the big picture, just taking some time -- it's FKLI ☺️🤷🏻♀️ Watch support like a hawk, S @ ~148x ❇️ Also note: Risk of gloves FOMO, since COVID starts spiking again, somewhat a Bullish factor for the index. Happy Hunting! 🥂🚀 -jk-
FKLI moved down as expected. Nice! 👍🏻 S2 target reached~ ✅ Next up, watch 148x-150x Support area. Happy Hunting! 🏹🎯 -jk-
this is trade 147 frm haidojo trading... after hitting the 2nd tp, now normally I wait for the next new trend...until then, still stick to short on rebound... most probably sideway and slowly down...let's see what the market offers to us... amazingly,the support range of 1540-1547 still holds...that's the miracle of support and resistance...alwaz mesmerize me in...