Technology index - More or less, we need to respect the main klse tech index also. If this area break, tech sector will continue its run. That's the reason I take profit most of my tech sector today & wait for another round. Prove of selling source that I am earning Rm200k = USD45k can visit my link in my signature.
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
Brent Crude Oil - Seem supported if we draw a 2 red arrow there. If this area indeed supported & rebound, we will see our KLSE energy moved. Might retest 100 as resistance here. Risk side, it might just be a technical rebound here cause there are no red chip aggressively appearing.
USDMYR - This chart can use to monitor our country economy too, hopefully the double top here can indicate that our MYR can continue to be strengthen under the 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...
Hibiscus - Perhaps this might run too as their QR recently was good. May set 0.93 area as support & let's see if 1.01 able to break cause once that happen, it will run higher here. All this might happen when brent did rebound from those support area.
Dayang - For energy sector in KLSE, you may take a look at this possible rounding bottom to form towards 1.65 area. Individual may use 1.2 area as support if to trade in. Red chip keep appearing all the way for this counter.
There is also a possibility of bull here if we take DJI chart to analyze. A cup & handle chart pattern in a making along with red chip forming up recently. Let's see if these indicate help.
Looking at Nasdaq chart, is still maintaining its support area here & all it takes to move bull might need to wait 23rd Nov. If data is unfavourable, it will retest back support. My Personal Market Review Market Review Quarter Result Month Nov 23rd Core durable goods, initial jobless claims, new home sales & FOMC meeting minutes. Nov 24th & 25th...
We do emphasize this before for breakout monitoring. If things go smoothly, it might retest 160 area.
For KLSE tech, don't hope too much 1st cause there are still election on going. So just be conservative by trading a few tech will do. 420 area break will be indicate a good sign ahead here. Since 375 area looks supported, it can be use as support. I assume it will follow SOX movement for the time being. Red chip does appear recently but is not that wild yet.
NVDA same momentum as AMD one as both are under SOX. 116 area looks like a strong support too from chart perspective. Perhaps a run to 190 or 209 is still possible if nasdaq continue its bull movement.
AAPL looks strongly supported at 134 area. Trips bottom initiate the rebound & to continue from there, resistance require to breakthrough which might happen. The risk ratio to win looks good too by winning 20% and losing 10% if to exit.
If Nasdaq would move in as reversal here. We could see a potential 42% profit vs 9% losses which is a very good risk ratio reward here. There is a double bottom indicator there to trigger this reverse along with breaking the 1st resistance 11678 area. Soon i assume it will break those trend line & red chip will start appearing from there. This is what we need to...
Just some chart pattern idea here to monitor. If this pattern able to break, it will continue to rise higher. Perhaps a good technical trade for aggressive trader. Red chip also keep appearing.
Monitor for a possible retracement ended here to breakout. As long there is an energy trend on going, it will be a good move for aggressive trader.
Hibi, if this 1.06 area successful to breakout & maintain it will. I believe it will head towards 1.3 area back here.
Did flash out before to monitor once resistance breakout. Current movement will retest the next resistance area.
OXY would be more advantage here as majority o&g QR was positive. Its QR will announced on the 9th Nov & current price looks supported too.