Time Cycle Analysis: KLCI above 1552 is bullish, below 1552 bearish. April 8, 2024, total solar eclipse will cross North America, passing over Mexico, the United States, and Canada which according to Chinese Ancient Culture this day will associate with negative qi. Next key date to watch is 9 Sept 2024.
KLSE might pullback to 1500 before resuming higher. As of today, KLSE should be able to defend the 1500 level and going much higher. Will it advance before CNY next week? Let’s see.
KLSE Index is getting an interesting phase with long term support and medium term downturn is converging. Over the next 3 - 6 months we should see a breakout from the long triangle build up. Looking at the short term build up it looks like an upward bias for now.. Lets see how this plays out.
KLCI above 1552 is bullish and below 1552 is bearish. The most likely trajectory is heading south. Following the discontinuation of UPSR and PT3 by the Ministry of Education, there is a discernible decline in the commitment of our students towards their academic responsibilities. The absence of these benchmarks has resulted in a lack of effective evaluation tools...
KLSE has made a good progress higher. However at this current level there might be a pullback lower towards 1460 area before resuming higher towards 1525 area.
The Johor Bahru–Singapore Rapid Transit System (RTS) Link is an international cross-border rapid transit system that will connect Malaysia's second largest city, Johor Bahru and Woodlands, Singapore, crossing the Strait of Johor. It will consist of two stations, with the Malaysian terminus at Bukit Chagar station and the Singaporean terminus at Woodlands North...
Opportunity for KLSE. >> TAYOR
* Waiting this breakout guys, good opportunity for KLSE. Keep Watching Together, Rise Together.
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
Since the index failed to break the 1900 barrier and formed the double top in 2014 & 2018, it has been down ever since.
Though the index managed to recover from sharp drop during the COVID-19 pandemic, it remains below the 200 moving average.
Expecting it to retest the downtrend line in the second half of the year.
Government looks more stable now but honeymoon...
Currently KLCI hoover around strong Resistance at 1460 and we can see the double top potential on the chart. The MACD indicator also showing weakness by developing the bearish divergence pattern. Current support is at 1450 level and if this support broken, next support will be at the strong support 1437 and 1432.68. KLCI must defend this support in order to...
It's not financial advice, be wise when you trade, and take note this analysis for long term investments.
Everything was explained on the chart.
GOOD LUCK
The 1997–98 Asian financial crisis began in Thailand and then quickly spread to neighbouring economies. It began as a currency crisis when Bangkok unpegged the Thai baht from the U.S. dollar, setting off a series of currency devaluations and massive flights of capital.
The 2008 sub prime crisis-The decline in overall economic activity was modest at first, but it...
The S&P500 rose after the release of minutes from the Federal Reserve's most recent meeting, which revealed members were laser-focused on managing inflation even as they decided to delay their rate hike pace. Officials at the Fed's policy meeting on 2022 December 13-14 agreed that the US central bank should continue to raise the cost of credit to restrict the rate...
KLCI - Possible a rounding bottom to be form under the administration of new Government which led by unity government.
How to view the guidance via chart ( Refer back to pin message guidance if to trade )
Red Line = Support
Blue Line = Resistance
Light Blue = bullish/bearish pattern
Arrow = Double/Trip top/bottom
Red Chip = $$
Green Chip = XX
