FBMKLCI
+4
aam
Bursa berserker
JF
Cals
8 posters
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Re: FBMKLCI
7th SEPT
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note: good technical candle on the last close, dont like the MA on 14, if it was MA 10 a cross has occured, we need confirmation for the cross to stick
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note: good technical candle on the last close, dont like the MA on 14, if it was MA 10 a cross has occured, we need confirmation for the cross to stick
Cals- Administrator
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Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Re: FBMKLCI
and to add double top pattern played out
Cals- Administrator
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Re: FBMKLCI
11th SEPT
those who bought today might be in quite for a surprise
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those who bought today might be in quite for a surprise
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Cals- Administrator
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Join date : 2011-09-08
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Re: FBMKLCI
14th SEPT
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note: with the fundamental news out; reversal in play, to the year high
dont want to say the index point; (dont wanna jinx it ) we are aiming for the blue line above at 123%
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note: with the fundamental news out; reversal in play, to the year high
dont want to say the index point; (dont wanna jinx it ) we are aiming for the blue line above at 123%
Cals- Administrator
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Join date : 2011-09-08
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Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Re: FBMKLCI
not forgetting 28th September
kppl- Senior Member
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-ve
Re: FBMKLCI
once bitten twice shy
we try to find support in these tough negative sentiments
double bottom
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we try to find support in these tough negative sentiments
double bottom
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Cals- Administrator
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Join date : 2011-09-08
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Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
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Re: FBMKLCI
oooo....unlikely will fall through....
budget out...
ETP numbers are higher than expected it seems...
all GE prep
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budget out...
ETP numbers are higher than expected it seems...
all GE prep
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kppl- Senior Member
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Re: FBMKLCI
nice tech rebound
Cals- Administrator
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Join date : 2011-09-08
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Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
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Re: FBMKLCI
28th SEPT 2012
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further upside anticipated , just a pullback from the 10d MA,
if all goes well around the region
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further upside anticipated , just a pullback from the 10d MA,
if all goes well around the region
Cals- Administrator
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Join date : 2011-09-08
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Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
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Re: FBMKLCI
hi cals
aam- Senior Member
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Join date : 2011-09-08
Re: FBMKLCI
hi pak aam celek!
Cals- Administrator
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Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Re: FBMKLCI
*some of you might ask where are we heading for the index, two possibilities come in play for this scenario
1) as you see the breakout of the year high we are bound for the 123% extension post budgeting - hence continued bullishness of the index
2) a retrace to test the previous now support high 1654, an indication to this is the low volume done in the previous trading day to the breakout
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hence we like to see strong buying volume come up to support this trading range to meet our item 1 target and sustain the rally
1) as you see the breakout of the year high we are bound for the 123% extension post budgeting - hence continued bullishness of the index
2) a retrace to test the previous now support high 1654, an indication to this is the low volume done in the previous trading day to the breakout
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hence we like to see strong buying volume come up to support this trading range to meet our item 1 target and sustain the rally
Cals- Administrator
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Join date : 2011-09-08
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Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Re: FBMKLCI
30th OCT FBMKLCI
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as we are at 123% extension, yes its possible to hit the 150%
we like to see it close on thursday , higher than the 29oct close
in order to show the going up the stairs movement
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as we are at 123% extension, yes its possible to hit the 150%
we like to see it close on thursday , higher than the 29oct close
in order to show the going up the stairs movement
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Re: FBMKLCI
after doji 8th Nov aftermath
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very oversold , we shall see a test of R1 1645 level tomorrow
p/s: i should be in futures lol
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very oversold , we shall see a test of R1 1645 level tomorrow
p/s: i should be in futures lol
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
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Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Re: FBMKLCI
after the doji in start of nov the downtrend was only seen in end nov, we have seen now we formed a rising upchannel and we still have some way to go till we try the 138.2% fib level
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p/s: mouldy thread
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p/s: mouldy thread
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Re: FBMKLCI
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It was a blood bath for the local bourse. At mid-day, the FBM KLCI was down 38.17 points at 1,638.27 with all 30 index components in negative territory. Speculation on the impending general elections had also triggered a broad market selloff that saw losers outnumbering gainers by 596 to 38, and just 110 counters which traded unchanged.
From a technical perspective, the FBM KLCI formed a bearish “Black Marubozu” candlestick, which indicates no let up in selling pressure during the morning session. The sharp sell-off had resulted in the benchmark index violating multiple support levels, including the 23.6% (1,674), 38.2% (1,659) and 50%(1,643) Fibonacci Retracement levels, as well as the crucial 50- and 100-day SMAs at 1,648/50. Even so, the RSI has yet to enter into oversold regions, and we suspect the downwards move has yet to come full cycle. We expect further selling pressure ahead, and with the next support levels a fair distance southwards at 1,624 and 1,590, perhaps it would be a good idea to unload into strength from here.
Technical Ratings
Resistance 2:
1,679
Resistance 1:
1,649
Current Level:
1,638.27
Support 1:
1,624
Support 2:
1,590
Outlook:Bearish
It was a blood bath for the local bourse. At mid-day, the FBM KLCI was down 38.17 points at 1,638.27 with all 30 index components in negative territory. Speculation on the impending general elections had also triggered a broad market selloff that saw losers outnumbering gainers by 596 to 38, and just 110 counters which traded unchanged.
From a technical perspective, the FBM KLCI formed a bearish “Black Marubozu” candlestick, which indicates no let up in selling pressure during the morning session. The sharp sell-off had resulted in the benchmark index violating multiple support levels, including the 23.6% (1,674), 38.2% (1,659) and 50%(1,643) Fibonacci Retracement levels, as well as the crucial 50- and 100-day SMAs at 1,648/50. Even so, the RSI has yet to enter into oversold regions, and we suspect the downwards move has yet to come full cycle. We expect further selling pressure ahead, and with the next support levels a fair distance southwards at 1,624 and 1,590, perhaps it would be a good idea to unload into strength from here.
Technical Ratings
Resistance 2:
1,679
Resistance 1:
1,649
Current Level:
1,638.27
Support 1:
1,624
Support 2:
1,590
Outlook:Bearish
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Re: FBMKLCI
what will happen when triangle form??
JF- Senior Member
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Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Re: FBMKLCI
take note~
JF- Senior Member
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