KLCI. Waiting for re-budgeting. 22/Feb/23.Long KLCI @ 1408 +/- on around March/April. Probably last “chance” to “accumulate” blue “cheap/chips” stocks! But probably not Banking Stocks.
KLSE trade ideas
FBMKLCI 2023 OverviewThe 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 of price increases, but in a gradual manner to reduce the risks to economic development. Investors were pouring into the Fed's internal debates for hints about the central bank's future course. Following the meeting, Fed Chair Jerome Powell stated that additional raises were required, striking a more hawkish tone than markets had anticipated.
My POV on KLCI could traded as low as 1000.00. International trade could affected from strengthening in USD currency whereby hawkish in import/export prices.
FBMKLCI Simple Chart AnalysisKLCI - 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
KLCI with new PM/Gov. 25/Nov/22For Studies Purpose ONLY. Malaysian have just voted and celebrated for their new government with its stock index surging >5%..BUT it probably need “some time” to “reformatting” the “bad hardisk’s sector” left by previous....
FBMKLCI - Breaks below the NecklineComment :
1) FBMKLCI has fell below Neckline A on 19-Sept, the prior short term rebound is likely over. The next supporting/rebounce point is expected to be around 1402. The bearish trend underway since 19-Aug. Please take cautious in your trading plan at the moment as the market could be getting more fluctuate.
2) TrendX+ indicator - red candlestick still moving below trend line, mid-term downtrend.
3) DDX+ indicator - bear signal on 19-Aug still valid.
4) MCDX+ indicator - banker bar (red) is absent, while retailer bar possess more than 80%.
Support & Resistance :
R : 1402 +/-
Remark :
Length of ab=cd
DISCLAIMER :
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
KLCIFrom my point of view, this index shows a possible bullish movement as the price already test the bearish trendline for the third times. Its mean that resistance trendline might become weak. Futhermore, price also did a breakout from previous high or resistance and on it way to resistance become support area. Malaysia general election also in near time and surely it will affect stock market. It is because the candidate or parties will give 'gula-gula' which is to good to be true manifiesto in order the citizens vote them in upcoming election. The budget 2023 announcement also can affect this index as the budget been postponed due to parliament collapse. US index also in recovery mode from their lowest before this. Rip my english hahaha
FBM KLCI Weekly TimeframeBuying Opportunity of Lifetime.
- August 1998
- End of 2008 to early of 2009
- March 2020
- October 2022
Simple strategy - buy blue-chip/component of KLCI when the price on lower channel.
Profiting way - Capital appreciation and Dividend given.
KLCI possible “bottom” @ around 1320 by end 2022. 13/Oct/22FMBKLCI’s “seem” like forming a triangle pattern in supercycle wave (b) (yellow). Price seem like contracting before “exploring” to upside “ONLY” after 2027..P/s.. it seem like most Index. E.g US, Asian point to year 2025, 2035..
KLCI On Going To $1206 Price | Bearish Movement | 111022 | It has been an excellent rollercoaster for KLCI Indeks.
We are in the midst of a downturn in pricing when the price of Ringgit will not stand a chance to recover in the next 2 years.
While we are in the midst of dissolution in Malaysia. We do not have any current prime minister running for management.
While this dissolution only makes the settlement in not go in order. While all the companies in Malaysia are still having a downturn in profit.
In order for the index KLCi on going to the trend, I can't see anything on the clear road except bearish.
The CPI index accumulates and all the housing price is on the going rising to make the purchasing powerless.
The breath and health of the current demand is not in favor.
I predict the price of KLCi bearish to $1206.
KLCI - Malaysia Composite Index Expected to Fall !!!!Based on the early analysis, KLCI is expected to fall to 1008 if it closes below 1270 on the monthly candle. Keep track of the monthly levels, the market is expected to be volatile due to the upcoming elections and the associated outcomes from the election.
Continued USD strength could mean lower lowsHowever once USD starts to persisently weaken next week or 2 weeks than KLCI could get a significant relief rally
FBMKLCI - Bear signal watchoutComment :
1) TrendX+ indicator - first red candlestick appear, wandering above trend line , mid-term uptrend
2) DDX+ indicator - watch out for bear signal that came out on 19th August 2022, and also look out for red trend-cross which indicating a resistance
3) MCDX+ indicator - banker bar (red) fall below MA10 line, while retailer bar (turquoise) starting to appear, indicating a retracing now
4) FBMKLCI is under retracement currently, it will need to break through resistance @ 1519.68 to potentially enter long positions
Support & Resistance:
R : highest on 19th August @ 1519.68
DISCLAIMER :
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
KLCI could go down another 10% from hereContinued BNM rate hikes might bring KLCI to 1350 by December or January
Market trajectory for the remaining 2022 According to the latest data release on Q2 GDP growth, klci are looking bullish and with the general election outlook being the focal point or the remaining month of 2022. Technical view of the forecast , expecting the target 1710 to be reach high are formed around 1695 and likely to trade pass that price. Looking forward on the remaining GDP data for more information.
Consolidation may occur when passing 1610 mark . Awaiting for the next catalyst on September for Quarter result.
Higher USD and Yields will push equties downOnly low Inflation, BNM easing and Big Spending can push Equities higher again
KLCI - Sub-impulse wave ended, Potential buy at 1,469KLCI has completed its minor 5-wave move and as the diamond top has formed, it hinted a potential reversal. Furthermore, the corrective expanded flat is forming, with 1469 being 161.8% extension of the diamond top.
KLCI & TOPGLOV: Pure speculationPure speculation for fun. Don't make important decisions based on this.
Gloves tend to lead KLCI recovery after a crash.
SPX mid-term seasonality likely sideways at best before Q4 or with a bottom in September before rising towards mid-term elections in November.
If KLCI were to "crash" and follow this pattern, it will start in August and bottom in September/October.
My Prediction KLCI Will Drop to 1230-1250 pointsMonthly Time Frame
My forecast for long term move on Monthly TF, our KLCI will continue downtrend to complete correction wave at around 1237 points as long as price didn't break previous extreme high at 1900. I forecast that Correction will be in triangle pattern and at the same time will complete sub wave 4 then will make a drop to fibo 0.382 at 1237 point to complete sub Wave 5 and wave C. If let say the price terminate at fibo 0.382 ( end of Cycle wave 4) then I can say a bullish ahead to start of Cycle Wave 5 I hope my prediction will go wrong and KLCI will be in uptrend very soon.
Bounce from 200 Monthly Moving AverageWith Fiscal Stimlus then could bounce then December January decide direction. FDI, exports and foreign funds flows may tilt the bias
FBMKLCI Monthly POVTechnical reasons:
Double Top confirmation
Structure broken
Failed to make series of higher high
Downtrend Continuation
Cup & Handle in the making..
Fundamental reasons:
Inflation
rate hike
rising oil prices
Russia Ukraine conflict
Order in the midst of chaos and complexityMarket Geometry is a fascinating phenomena.
The philosophy and principle behind the Market Geometry is that there is Order, Symmetry, Harmony in the midst of complexity and chaos, as manifested by human behaviors in the market.
This is another illustration of such phenomena using Gann Box to create market geometry.
After creating Gann Box B1 to B4, we can make a projection of possible market behavior in the next time period.
My video course on "Buy Low Sell High" is following the ancient China wisdom with much emphasis on Harmony with the Nature and Universe in the midst of chaos and complexity.
Malaysian economy is tumbling.Malaysia country is getting a hard tumbling economy, due to world recession.
The inflation will bring more pressure for the economy dropping in a few month ahead.
For Malaysian, be wise and careful.. the world recession is coming like after world war 2...
