FKLI TRADING : 299) celebration mood
this is number 299...
The announcement has been made yesterday. The "you-know-who-he-is" has made an important announcement that he is resigning...and the whole market is celebrating...yeah, yahoooo, yesssss...
OF course not, the market is celebrating bcox there is an uplift frm the stricter mco to a more lenient emco and the opening of the 18 industries for economical recovery. that is the main reason for fkli-aug to shoot all the way up frm low of 1500 to 1524 tdy on 17th Aug 21...
I am not an economist so I won't cover much abt the economy part...but for the technical analyst part, fkli-aug has made an ISH (Initial Structure High) in hourly chart and might move further up to test 1532-1538 b4 challenging the strong resistance at 1550...
Of course, new PM and new government which is formed will oso bring some impact on the economy and stocks market as well. I believe that the stocks market will show some kinda rebound as well. fingers cross.
Albeit all the gud factors, market is still haunted by high covid-19 infection numbers, vaccination numbers which is still low, the market recovery and unemployment/retrenchment issues on the rise...so, this could be a temporary release of the falling pressure and the rebound could be a short lifespan and a longer sideway market could prevail...so I am bullish in the short term as a rebound/recovery and still maintain bearish in mid-to-long term.
IF you are keen on fundamental analysis , then watch out for mco uplift, covid-19 situation in Malaysia, political uncertainty, etc...
*plan your trade and trade your plan... gud luck*
higher resistance : 1550
immediate resistance : 1522-1538
support : 1494-1505
critical support : 1478-1486
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*
The announcement has been made yesterday. The "you-know-who-he-is" has made an important announcement that he is resigning...and the whole market is celebrating...yeah, yahoooo, yesssss...
OF course not, the market is celebrating bcox there is an uplift frm the stricter mco to a more lenient emco and the opening of the 18 industries for economical recovery. that is the main reason for fkli-aug to shoot all the way up frm low of 1500 to 1524 tdy on 17th Aug 21...
I am not an economist so I won't cover much abt the economy part...but for the technical analyst part, fkli-aug has made an ISH (Initial Structure High) in hourly chart and might move further up to test 1532-1538 b4 challenging the strong resistance at 1550...
Of course, new PM and new government which is formed will oso bring some impact on the economy and stocks market as well. I believe that the stocks market will show some kinda rebound as well. fingers cross.
Albeit all the gud factors, market is still haunted by high covid-19 infection numbers, vaccination numbers which is still low, the market recovery and unemployment/retrenchment issues on the rise...so, this could be a temporary release of the falling pressure and the rebound could be a short lifespan and a longer sideway market could prevail...so I am bullish in the short term as a rebound/recovery and still maintain bearish in mid-to-long term.
IF you are keen on fundamental analysis , then watch out for mco uplift, covid-19 situation in Malaysia, political uncertainty, etc...
*plan your trade and trade your plan... gud luck*
higher resistance : 1550
immediate resistance : 1522-1538
support : 1494-1505
critical support : 1478-1486
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*
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