KLCI. Reviewing Fmbklci’s waves structure. Possible forming a complex double three pattern which is (W)(X)(Y)( cyan/ light blue instead of triangle pattern on previous idea.
Major world events & KL Composite Index over 44 years.
Major world events such as
Black Monday : Aug-Dec 1987
US Recession : Aug-Sept 1990
Mexican Financial Crisis : Jan 1994-Jan 1995
Asian Financial Crisis : Feb 1997 – Sept 1998
Dotcom Bubble : Feb 2000 – Apr 2001
Sept 11, 2001
SARS : Apr 2002 – Mar 2003
Global Financial Crisis : Jan 2008 – Oct 2008
European...
This is Malaysia Kuala Lumpur Composite Index as @17th June, 2022.
The market behavioral patterns are similar to any other market from the Technical Analysis point of view, using Integrated and Holistic Approach.
A market graph looks chaotic but when some meaningful construction lines are made, you can see patterns and trends and make some projection into the...
KLCI index currently “reside” @ around the “terminal/ center of gravity “ of universal Yin ( seller’s force) and Yang ( buyer’s force”..What do you “see first?” Or “think second?”....
Rebound condition :
1) FundFlow+ indicator - Bull signal appears today, it signal a rebound/reversal thereafter
Support & Resistance:
S : 1535.89
R : 1610.15 to 1614.07
DISCLAIMER:
This script indicator is solely for the purpose of education / opinion sharing only, and should not be construed as investment advice or recommendations to buy or sell any...
Looking at the long term chart, we will be facing one of a greatest inflation. In my opinion, price will be heading towards the 1100-1050 area in the next 5-6 years. Capital growth investment might be challenging to some, focus more on dividend dividend earning.
Looking at the daily and weekly chart,
it can't go further up and break the previous resistant, it stop at fibo 0.382 and weekly chart MA200 line.
Expecting it KLCI will follow global trend on a correction mode.
Support 1 is at 1548
Support 2 is at 1500
Price could push higher in the area of the resistance level. As of now, the market remains hesitant due to a lack of massive movement to break the ranging phase.
FBMKLCI is currently located at critical resistance which has been tested multiple times. As the global market being good recently, we do believe the bursa market will come through a super bull run in the recent future. If broken down the trend line will easily drop to 1480.
Retracement condition :
1) FundFlow+ indicator - Bear signal is out when FBMKLCI reached its top at the resistance between 1614.07-1610.15.
Support & Resistance:
S : trendline (a)
R : 1614.07 to 1610.15
DISCLAIMER:
This script indicator is solely for the purpose of education / opinion sharing only, and should not be construed as investment advice or...
As previously forecasted, price may fall as a result of decreasing buyer demand. Price is currently in a channel up movement and if it can hold 1575 - 1580, it may retest 1600 (short term recovery). However, if the price falls below 1575, there's a high possibility it will plummet to 1557 area.
Buyer slowing down to push the price higher as it is in the supply area that haven’t be broken previously. To expect price will move lower for the next few weeks ahead.
-A lot of price action visible when lowering the timeframe.
-Compression is a signal for upcoming bearish.
-Maybe the price will make a fakeout at the supply zone.
Sorry my english bad.Have a nice day and stay safe everyone!
Disclaimers:-
I AM NOT A FINANCIAL ADVISOR,EVERYTHING I SHARE IS JUST MY OPINION.
Prediction using method Descending Line Reversal Pattern, Elliot Wave, Confirmation BODTL HH and Fibonacci
Bursa index looking forward better soon. Life is BEGIN.
KLCI index closed with a good candlestick pattern today, but it still within Key Candle support and resistance zone, once it breaks Key Candle high point and short term resistance, crossed check with KDJ, appear to be bottom deviation with the chart, it's good chance to have technical rebound soon, and chance to hit previous gab down resistance area. So KLCI is...
