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FTSE Bursa Malaysia KLCI FuturesFF

FTSE Bursa Malaysia KLCI Futures

1,506.5MYRD
−12.0−0.79%
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FKLI1! trade ideas

FKLI TRADING : 310) downtrend persiststhis is number 310... Today is 2nd Dec 2021, and fkli-dec is in downtrend. After consolidation phase, now fkli-dec is in full downtrend. It dropped below the 1512 supports and and stopped at 1497 yesterday. Today, a gap down and possible rebound frm 1481.5 support. It has to break abv 1525 previous lower-high before confirming a reversal. The next level is at 1457, 1412. As for the bearish bat pattern in previous episode, it missed the entry 1535 by a mere 2pts. Then the price rollover and fell hitting the 1st tp at 1512.5 and the 2nd tp at 1500. The next thing to watch is resistance level at 1497-1500, 2nd resistance level at 1512.5 - 1525...These are the levels to watch during rebound to short. Juz the thingy I will do, not buy call. Trade at your own risk. higher resistance : 1512.50-1525 immediate resistance : 1497-1500 immediate support : 1481.5 (critical support) WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MYX:FKLI1!Short
by HAIDOJO_trading
FKLI TRADING : 308) same fate, different patternthis is number 309... Today is 19th Nov 2021, and fkli-nov is still in sideway. Sideway market is neither a bull nor a bear, but is more like a "buffalo", it is heavy and not moving. This is the typical movement in sideway market. Static. Fkli-nov shares almost the same fate as fcpo-feb, which both are in consolidation phase. As the saying goes, "consolidation breeds advanced patterns". SO, here we are now, with a possible bearish bat pattern. The advanced pattern formed is however, different frm the fcpo. The kill-zone is formed in the range from 1535-1540, SL could be made 5-10pts abv it. 1st tp is at 1524 and 2nd tp 1512.5...Price has to breaks abv 1540-1560 resistance before showing any potential of reversal. That's all for tdy. higher resistance : 1540-1560 immediate resistance : 1524 immediate support : 1512 critical support : 1480-1500 (decide full bear/sideway) WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MShort
by HAIDOJO_trading
FKLI TRADING : 307) bear has emergedthis is number 307... the trend has reversed since 22nd OCt 2021. It has broken below the previous "higher-low" candlestick and therefore has reversed the trend. SO now, the most practical trading strategy would be "short on rebound" until the change of the trend. After the short while of rebound, the market has shown "exhaustion" and now even daily chart is still in uptrend, the trend is in downtrend now and bear is in charge. The closest support region ranging frm 1512-1524, with the critical low at 1506.The closest resistance range frm 1560-1580. Ever since the 1st nov 2021, a huge gap down has "bottled" the price into a tight range frm 1524-1544. Next level of support is 1512, then 1500, then 1480...this is a very critical support... *plan your trade and trade your plan... gud luck* immediate resistance : 1560-1580 immediate support : 1512-524 critical support : 1480-1500 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MShort
by HAIDOJO_trading
KLCI Plunged by 2.01% With Support Hold at 1520Malaysia slumped despite US markets gains as the proposed one-off prosperity tax and weighed market sentiment. However, the valuation of the local market remained attractive despite the Prosperity Tax compared to regional peers. Market hit day low at 1523.5 and reached on the Major support level at 1520. Stochastic level near to Oversold level at 30.00. Pending for confirmation if market would rebound from the major support level or further declined to next Major Support level at 1500-1510?
MShort
by happytrading96
KLCI what next after 33% affluent tax? 1/Nov/21KLCI future index is on its last leg to complete wave (E) ( Cyan /Light Blue).. The last leg of bullish contracting triangle correction. Price will rebound soon as price now close to :- 1) Volume Profile ( POC) ( Point of Control) at around 1517 AND 2) Daily Demand Zone (Cyan Rectangle Box).. 3) Dynamic cycle 4 ( cyan/light blue) reached soon 4) There is a selling Climax Signal from VSA ( Volume Spread Analysis ) on 4 hours Time Frame Chart ..
M
by SteveTan
1
Will Futures Kuala Lumpur Index Bounce After Budget 2022?Technically speaking, market selling force remained strong despite Malaysia Budget 2022 having the highest allocation compared to previous budgets, the hurt of pandemic is relatively hard. We shall say the Budget 2022 mainly for economic recovery and digitalization boosting. Market likely to continue to move lower to test on the immediate support level at 1535, followed by 1510. Maintain divergence view for FKLI, as stochastic signals downtrend signs. While candlestick pattern shows Double Top at resistance level of 1600. Downtrend signs remained strong, unless market starting to show rebound signs from support level at 1510 & 1535.
MShort
by happytrading96
Futures Kuala Lumpur Index take a break?After recent rallied with the strength in plantation stocks and banking industries served support, market somehow touched on the resistance level at 1600-1620. Profit taking activities likely to step in, with nearest support level at 1550-1565. MACD showed divergence too. Who holding long position please take note, as market may have small correction after recent surged. -market likely to move lower if market stays below 1605; target market range 1580-1605 -support level: S1 1600 S2 1594 S3 1588 -resistance level: R1 1610 R2 1616 R3 1622 -yesterday daily settlement: 1605.5 mid: 1605.8 strategy 1: Short if stay below 1600 tg stop 1606 tg exit 1582-1594 strategy 2: Long if stay above 1615 tg stop 1609 tg exit 1621-1633
MShort
by happytrading96
FKLI TRADING : 305) full reversal of trend has happenedthis is number 305... As what I have told frm the previous passage, the trend will reverse once the resistance of 1552.5-1563 has been breached. The momentum of uptrend continues on for fkli-oct and it closed abv the 1600 resistance tdy, 13th Oct 2021. It has turned into bull for both daily and hourly charts. SO now, the most practical trading strategy would be "long on retracement" until the change of the trend. We are in recovery phase frm the fearful covid-19 pandemic therefore fkli is expected to rise to even higher region, 1655-1685, which could only be seen somewhere Dec last year to early this year. the closest support region ranging frm 1580-1600 and the closest resistance range frm 1611-1631. hence, there is a high chance we might closing in the range abv 1600 and testing 1700 during the end of year window-dressing period. However, that is still too early to say. Hopefully, US and other big market dun catch us by surprise. *plan your trade and trade your plan... gud luck* higher resistance : 1655-1685 immediate resistance : 1611-1631 immediate support : 1580-1600 critical support : 1560 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MLong
by HAIDOJO_trading
FKLI TRADING : 303) downtrend oh donwtrendthis is number 303... fkli-sept ended yesterday. Nothing much to report actually but it is still in downtrend for the fkli. It is downtrend and sideway as fkli-oct is more sensitive to the news events and market sentiment. Support is ranging frm 1513- 1524 and resistance frm 1552.5 - 1563. IF the price breaks above the 1552.5-1563 resistance, THEN it will retest the 1580-1600 resistance. IF it falls below the 1513-1524 support level, THEN it will go to 1482-1497. I am of the opinion that if the market still lacks any sentiment or "exciting" news, it will continue to slide and drop... as there is still much uncertainty and the market is still haunted by the ghoully effect of covid-19, it is still more doom and gloom than glory. As in term of technical analyst, fkli-oct needs to break higher than 1552.5-1563 to reverse the downtrend and invites the bull home. *plan your trade and trade your plan... gud luck* higher resistance : 1580-1600 immediate resistance : 1552.5-1563 immediate support : 1513-1524 critical support : 1480-1500 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MShort
by HAIDOJO_trading
2