Wednesday, 26 June 2019

26 June 2019 - Some initial local volatility followed bargain hunting.


A wider price band was seen on 25 June, with a 5.35-point range traded between 1,677.76 and 1,672.41. The index inched up 0.48-points to close at 1,676.61 on minor nibbling activities.

Supports at 1,652, 1,666 and 1,672 may be obvious for 26 June, whilst selling at the 1,676, 1,689 and 1,700 resistance areas may cap the index rises. Its CCI, DMI, MACD and Oscillator are positive, but the Stochastic has issued a sell signal from overbought zone.

Investors will buy on dips as the index is in bullish territory and has moved above the 18 and 40 SMA since 30 May. The FKLI contracts (Jun, Jul, Sep and Dec 2019) remained around par (at a 3.39-points premium to a 5.61-points discount) against the index on some position adjustment activities. 

Due to the Dow's major decline of 179.32-points on 25 June, the local index may see price movements between the supports and resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 9 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) to the swing low of 1,609.83 (18 April 2019) to the swing high of 1,644.35 (2 May 2019) and to the swing low of 1,572.03 (14 May 2019). 

The index remained below the critical 200-day SMA situated at 1,688.90 on 25 June.

Tuesday, 25 June 2019

25 June 2019 - A quiet consolidation day.


A narrower price band was seen on 24 June, with a 4.88-point range traded between 1,679.28 and 1,674.40. The index fell 6.10-points to close at 1,676.13 on some profit-taking activities.

Supports at 1,652, 1,666 and 1,675 may be obvious for 25 June, whilst selling at the 1,677, 1,690 and 1,700 resistance areas may cap the index rises. Its CCI, DMI, MACD and Oscillator are positive, but the Stochastic has issued a sell signal from overbought zone.

Investors will buy on dips as the index is in bullish territory and has moved above the 18 and 40 SMA since 30 May. The FKLI contracts (Jun, Jul, Sep and Dec 2019) turned around par (at a 3.87-points premium to a 6.13-points discount) against the index on some position adjustment activities. 

Due to the Dow's minor rise of 8.41-points on 24 June, the local index may see price movements between the supports and resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 9 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) to the swing low of 1,609.83 (18 April 2019) to the swing high of 1,644.35 (2 May 2019) and to the swing low of 1,572.03 (14 May 2019). 

The index remained below the critical 200-day SMA situated at 1,689.56 on 24 June.

Sunday, 23 June 2019

24 June 2019 - Some profit-taking activities may set in.


A narrower price band was seen on 21 June, with a 10.14-point range traded between 1,682.23 and 1,672.09. The index rose 6.80-points to close at the day's high of 1,682.23 on some foreign buying activities.

Supports at 1,652, 1,666 and 1,678 may be obvious for 24 June, whilst selling at the 1,682, 1,690 and 1,700 resistance areas may cap the index rises. Its CCI, DMI, MACD, Stochastic and Oscillator are all positive.

Investors will buy on dips as the index is in bullish territory and has moved above the 18 and 40 SMA since 30 May. The FKLI contracts (Jun, Jul, Sep and Dec 2019) turned below par (at a 3.73-points to a 13.23-points discount) against the index on some heavier selling activities. 

Due to the Dow's minor decline of 34.04-points on 20 June, the local index may see price movements between the supports and resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 9 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) to the swing low of 1,609.83 (18 April 2019) to the swing high of 1,644.35 (2 May 2019) and to the swing low of 1,572.03 (14 May 2019). 

The index remained below the critical 200-day SMA situated at 1,690.23 on 21 June.

Friday, 21 June 2019

21 June 2019 - A very strong weekly closing for FBMKLCI and US markets.


A wider price band was seen on 20 June, with a 14.60-point range traded between 1,675.43 and 1,660.83. The index rose 8.89-points to close at the day's high of 1,675.43 on some strong local buying activities.

Supports at 1,652, 1,666 and 1,675 will be obvious for 21 June, whilst selling at the 1,677, 1,688 and 1,700 resistance areas may cap the index rises. Its CCI, DMI, MACD, Stochastic and Oscillator are all positive.

Investors will buy on dips as the index is in bullish territory and has moved above the 18 and 40 SMA since 30 May. The FKLI contracts (Jun, Jul, Sep and Dec 2019) remained around par (at a 0.57-points premium to a 9.43-points discount) against the index on some position adjustment activities. 

Due to the Dow's major rise of 249.17-points on 20 June, the local index will see price movements towards the resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 9 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) to the swing low of 1,609.83 (18 April 2019) to the swing high of 1,644.35 (2 May 2019) and to the swing low of 1,572.03 (14 May 2019). 

The index remained below the critical 200-day SMA situated at 1,690.81 on 20 June.

Thursday, 20 June 2019

20 June 2019 - Another small rise today for the FBMKLCI.


A narrower price band was seen on 19 June, with a 14.32-point range traded between 1,666.90 and 1,652.58. The index surged 13.78-points to close at 1,666.54 on some strong foreign buying activities.

Supports at 1,640, 1,652 and 1,666 will be obvious for 20 June, whilst selling at the 1,668, 1,676 and 1,688 resistance areas may cap the index rises. Its CCI, DMI, MACD, Stochastic and Oscillator are all positive.

Investors will buy on dips as the index is in bullish territory and has moved above the 18 and 40 SMA since 30 May. The FKLI contracts (Jun, Jul, Sep and Dec 2019) turned around par (at a 2.96-points premium to a 7.04-points discount) against the index on some position adjustment activities. 

Due to the Dow's minor rise of 38.46-points on 19 June, the local index may see price movements towards the resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 9 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) to the swing low of 1,609.83 (18 April 2019) to the swing high of 1,644.35 (2 May 2019) and to the swing low of 1,572.03 (14 May 2019). 

The index remained below the critical 200-day SMA situated at 1,691.37 on 19 June.

Wednesday, 19 June 2019

19 June 2019 - A local-led surge on FBMKLCI.


A wider price band was seen on 18 June, with a 16.58-point range traded between 1,652.76 and 1,636.18. The index surged 14.36-points to close at the day's high of 1,652.76 on some strong local buying activities.

Supports at 1,628, 1,636 and 1,652 will be obvious for 19 June, whilst selling at the 1,657, 1,664 and 1,676 resistance areas may cap the index rises. Its CCI, DMI, MACD, Stochastic and Oscillator are all positive.

Investors will buy on dips as the index is in bullish territory and has moved above the 18 and 40 SMA since 30 May. The FKLI contracts (Jun, Jul, Sep and Dec 2019) turned below par (at a 3.26-points to a 12.76-points discount) against the index on some selling activities. 

Due to the Dow's major rise of 353.01-points on 18 June, the local index will see price movements towards the resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 10 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) to the swing low of 1,609.83 (18 April 2019) to the swing high of 1,644.35 (2 May 2019) to the swing low of 1,572.03 (14 May 2019) and to the swing high of 1,657.36 (11 June 2019). 

The index remained below the critical 200-day SMA situated at 1,691.96 on 18 June.

Tuesday, 18 June 2019

18 June 2019 - A quiet range bound day.


A narrower price band was seen on 17 June, with a 6.58-point range traded between 1,644.04 and 1,637.46. The index inched down 0.23-points to close at 1,638.40 on some foreign selling activities.

Supports at 1,616, 1,628 and 1,636 may be obvious for 18 June, whilst selling at the 1,638, 1,657 and 1,664 resistance areas will cap the index rises. Its CCI, DMI, MACD and Oscillator are positive, but the Stochastic has negative from overbought territory.

Investors may buy on dips as the index is in bullish territory and has moved above the 18 and 40 SMA since 30 May. The FKLI contracts (Jun, Jul, Sep and Dec 2019) turned around par (at a 1.60-points premium to a 7.40-points discount) against the index on some position adjustment activities. 

Due to the Dow's minor rise of 22.92-points on 17 June, the local index will see price movements between the supports and resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 10 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) to the swing low of 1,609.83 (18 April 2019) to the swing high of 1,644.35 (2 May 2019) to the swing low of 1,572.03 (14 May 2019) and to the swing high of 1,657.36 (11 June 2019). 

The index remained below the critical 200-day SMA situated at 1,692.58 on 17 June.

Monday, 17 June 2019

17 June 2019 - FBMKLCI's Gann Swing turned down from 1,657.36.


A wider price band was seen on 14 June, with a 13.25-point range traded between 1,649.57 and 1,636.32. The index fell 5.11-points to close at 1,638.63 on some foreign selling activities.

Supports at 1,616, 1,628 and 1,630 may be obvious for 14 June, whilst selling at the 1,638, 1,657 and 1,664 resistance areas will cap the index rises. Its CCI, DMI, MACD and Oscillator are positive, but the Stochastic has negative from overbought territory.

Investors may buy on dips as the index is in bullish territory and has moved above the 18 and 40 SMA since 30 May. The FKLI contracts (Jun, Jul, Sep and Dec 2019) turned below par (at a 1.63-points to a 10.13-points discount) against the index on some obvious selling activities. 

Due to the Dow's minor decline of 17.16-points on 14 June, the local index will see price movements between the supports and resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 10 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) to the swing low of 1,609.83 (18 April 2019) to the swing high of 1,644.35 (2 May 2019) to the swing low of 1,572.03 (14 May 2019) and to the swing high of 1,657.36 (11 June 2019). 

The index remained below the critical 200-day SMA situated at 1,693.32 on 14 June.

15 June 2019 - Nearly 200 investors sharpened the investment skills in Penang.


Nearly 200 investors sharpened their investment skills in fundamental and technical analysis with me in Penang on 15 June. Topics taught were the CANSLIM method as well as Elliott Wave, Gann Swing and Dynamic Trio chart concepts. 

Thursday, 13 June 2019

15 June 2019 - Sharpen Your Investing Skills in Penang.



Seminar details:- https://equitiestracker.com/bursa/event07.php

Sign up:- https://equitiestracker.com/bursa/event_reg.php

13 June 2019 - FBMKLCI may be resilient despite a weaker Dow.


A wider price band was seen on 12 June, with a 8.63-point range traded between 1,650.74 and 1,642.11. The index inched down 0.46-points to close at 1,650.74 on minor foreign profit-taking activities.

Supports at 1,628, 1,642 and 1,649 may be obvious for 12 June, whilst selling at the 1,652, 1,664 and 1,676 resistance areas may cap the index rises. Its CCI, DMI, MACD, Stochastic and Oscillator are all positive.

Investors may buy on dips as the index is in bullish territory and has moved above the 18 and 40 SMA since 30 May. The FKLI contracts (Jun, Jul, Sep and Dec 2019) turned around par (at a 3.26-points premium to a 5.24-points discount) against the index on some position adjustment activities. 

Due to the Dow's minor decline of 43.68-points on 12 June, the local index will see price movements between the supports and resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 9 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) to the swing low of 1,609.83 (18 April 2019) to the swing high of 1,644.35 (2 May 2019) and to the swing low of 1,572.03 (14 May 2019). 

The index remained below the critical 200-day SMA situated at 1,694.74 on 12 June.

Wednesday, 12 June 2019

12 June 2019 - FBMKLCI fails to sustain above 1,656.


A wider price band was seen on 11 June, with a 7.55-point range traded between 1,657.36 and 1,649.81. The index fell 4.27-points to close at 1,651.20 on some foreign selling activities.

Supports at 1,628, 1,642 and 1,649 may be obvious for 12 June, whilst selling at the 1,651, 1,664 and 1,676 resistance areas may cap the index rises. Its CCI, DMI, MACD, Stochastic and Oscillator are all positive.

Investors may buy on dips as the index is in bullish territory and has moved above the 18 and 40 SMA since 30 May. The FKLI contracts (Jun, Jul, Sep and Dec 2019) remained below par (at a 2.70-points to a 11.20-points discount) against the index on some heavier selling activities. 

Due to the Dow's minor decline of 14.17-points on 11 June, the local index will see price movements between the supports and resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 9 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) to the swing low of 1,609.83 (18 April 2019) to the swing high of 1,644.35 (2 May 2019) and to the swing low of 1,572.03 (14 May 2019). 

The index remained below the critical 200-day SMA situated at 1,695.52 on 11 June.

Tuesday, 11 June 2019

11 June 2019 - FBMKLCI may test and rise above 1,656 resistance.


A narrower price band was seen on 10 June, with a 4.15-point range traded between 1,656.00 and 1,651.85. The index rose 6.14-points to close at 1,655.47 on some foreign buying activities.

Supports at 1,628, 1,642 and 1,655 may be obvious for 11 June, whilst selling at the 1,657, 1,664 and 1,676 resistance areas may cap the index rises. Its CCI, DMI, MACD and Oscillator are positive, but the Stochastic has turned negative.

Investors may buy on dips as the index is in bullish territory and has moved above the 18 and 40 SMA since 30 May. The FKLI contracts (Jun, Jul, Sep and Dec 2019) turned below par (at a 0.97-points to a 10.97-points discount) against the index on some obvious selling activities. 

Due to the Dow's minor rise of 78.74-points on 10 June, the local index will see price movements between the supports and resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 9 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) to the swing low of 1,609.83 (18 April 2019) to the swing high of 1,644.35 (2 May 2019) and to the swing low of 1,572.03 (14 May 2019). 

The index remained below the critical 200-day SMA situated at 1,696.29 on 10 June.

Monday, 10 June 2019

10 June 2019 - Further positive action for the FBMKLCI.


A narrower price band was seen on 7 June, with a 5.19-point range traded between 1,651.99 and 1,646.80. The index rose 5.24-points to close at 1,649.33 on some foreign buying activities.

Supports at 1,626, 1,642 and 1,649 may be obvious for 10 June, whilst selling at the 1,656, 1,664 and 1,676 resistance areas may cap the index rises. Its CCI, DMI, MACD and Oscillator are positive, but the Stochastic has turned negative.

Investors may buy on dips as the index is in bullish territory and has moved above the 18 and 40 SMA since 30 May. The FKLI contracts (Jun, Jul, Sep and Dec 2019) turned around par (at a 1.17-points premium to a 7.33-points discount) against the index on some position adjustment activities. 

Due to the Dow's major rise of 263.28-points on 7 June, the local index will see price movements between the supports and resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 9 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) to the swing low of 1,609.83 (18 April 2019) to the swing high of 1,644.35 (2 May 2019) and to the swing low of 1,572.03 (14 May 2019). 

The index remained below the critical 200-day SMA situated at 1,697.03 on 7 June.

Friday, 7 June 2019

7 June 2019 - A Dow turnaround may augur well for the FBMKLCI.


A narrower price band was seen on 4 June, with a 11.08-point range traded between 1,655.89 and 1,644.09. The index fell 11.22-points to close at the day's low of 1,644.09 on some local selling activities.

Supports at 1,626, 1,642 and 1,644 may be obvious for 7 June, whilst selling at the 1,656, 1,664 and 1,676 resistance areas may cap the index rises. Its CCI, DMI, MACD and Oscillator are positive, but the Stochastic has turned negative.

Investors may buy on dips as the index is in bullish territory and has moved above the 18 and 40 SMA since 30 May. The FKLI contracts (Jun, Jul, Sep and Dec 2019) remained below par (at a 0.09-points to an 8.09-points discount) against the index on some selling activities. 

Due to the Dow's major rise of 181.09-points on 6 June, the local index will see price movements between the supports and resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 9 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) to the swing low of 1,609.83 (18 April 2019) to the swing high of 1,644.35 (2 May 2019) and to the swing low of 1,572.03 (14 May 2019). 

The index remained below the critical 200-day SMA situated at 1,697.74 on 4 June.

Tuesday, 4 June 2019

4 June 2019 - Another divergent rise for the FBMKLCI.


A narrower price band was seen on 3 June, with a 14.02-point range traded between 1,656.68 and 1,642.66. The index rose 4.55-points to close at 1,655.31 on some foreign buying activities.

Supports at 1,626, 1,642 and 1,652 may be obvious for 4 June, whilst heavy selling at the 1,655, 1,664 and 1,676 resistance areas will cap the index rises. Its CCI, DMI, MACD, Oscillator and Stochastic are all positive.

Investors may buy on dips as the index is in bullish territory and has moved above the 18 and 40 SMA since 30 May. The FKLI contracts (Jun, Jul, Sep and Dec 2019) remained below par (at a 5.81-points to a 13.81-points discount) against the index on some heavy selling activities. 

Due to the Dow's minor rise of 4.74-points on 3 June, the local index will see price movements between the supports and resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 9 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) to the swing low of 1,609.83 (18 April 2019) to the swing high of 1,644.35 (2 May 2019) and to the swing low of 1,572.03 (14 May 2019). 

The index remained below the critical 200-day SMA situated at 1,698.42 on 3 June.

Sunday, 2 June 2019

3 June 2019 - Dow Jones Index to plunge towards 24,055 and 23,350.


The Dow Jones Index looks very weak and fragile. It broke to a new recent low of 24,809.51 and is poised to plunge on its Wave 3 move towards its downside targets of 24,055 and 23,350. The downtrend is very strong in nature.

3 June 2019 - Divergent foreign FBMKLCI buying trend against a very fragile Dow.


A narrower price band was seen on 31 May, with a 16.62-point range traded between 1,650.76 and 1,634.14. The index rose 14.26-points to close at the day's high of 1,650.76 on some foreign buying activities.

Supports at 1,614, 1,626 and 1,634 may be obvious for 3 June, whilst heavy selling at the 1,650, 1,664 and 1,676 resistance areas will cap the index rises. Its CCI, DMI, MACD and Stochastic are all positive, but the Oscillator remains negative.

Investors may buy on dips as the index is in bullish territory and has moved above the 18 and 40 SMA since 30 May. The FKLI contracts (Jun, Sep and Dec 2019) remained below par (at a 5.26-points to a 13.76-points discount) against the index on some heavy selling activities. 

Despite the Dow's major plunge of 354.84-points on 31 May, the local index will see price movements between the supports and resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 9 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) to the swing low of 1,609.83 (18 April 2019) to the swing high of 1,644.35 (2 May 2019) and to the swing low of 1,572.03 (14 May 2019). 

The index remained below the critical 200-day SMA situated at 1,699.04 on 31 May.

Saturday, 25 May 2019

27 May 2019 - Foreign selling suppresses the index.


A narrower price band was seen on 24 May, with a 13.88-point range traded between 1,606.85 and 1,592.97. The index fell 3.55-points to close at 1,598.32 on some foreign selling activities.

Supports at 1,572, 1,589 and 1,592 will be weaker for 27 May, whilst much heavy selling at the 1,598, 1,620 and 1,632 resistance areas will cap the index rises. Its CCI, DMI, MACD, Stochastic and Oscillator are all negative.

Investors will sell on rallies as the index is in bearish territory and has moved below the 18 and 40 SMA since 9 May. The FKLI contracts (May, Jun, Sep and Dec 2019) turned around par (at a 2.18-points premium to a 2.32-points discount) against the index on some position adjustment activities. 

Despite the Dow's minor rise of 95.22-points on 24 May, the local index will see price movements towards the supports mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 8 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) to the swing low of 1,609.83 (18 April 2019) and to the swing high of 1,644.35 (2 May 2019).

The index remained below the critical 200-day SMA situated at 1,702.86 on 24 May.

Friday, 24 May 2019

24 May 2019 - FBMKLCI headed down to 1,589, 1,572 & 1,556.


A wider price band was seen on 23 May, with a 15.34-point range traded between 1,605.13 and 1,589.79. The index inched down 1.87-points to close at 1,601.87 on some foreign profit-taking activities.

Supports at 1,556, 1,572 and 1,589 will be weaker for 24 May, whilst much heavy selling at the 1,601, 1,620 and 1,632 resistance areas will cap the index rises. Its CCI, DMI, MACD, Stochastic and Oscillator are all negative.

Investors will sell on rallies as the index is in bearish territory and has moved below the 18 and 40 SMA since 9 May. The FKLI contracts (May, Jun, Sep and Dec 2019) remained below par (at a 0.37-points to a 2.87-points discount) against the index on some selling activities. 

Due to the Dow's major decline of 286.14-points on 23 May, the local index will see price movements towards the supports mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 8 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) to the swing low of 1,609.83 (18 April 2019) and to the swing high of 1,644.35 (2 May 2019).

The index remained below the critical 200-day SMA situated at 1,703.70 on 23 May.

Thursday, 23 May 2019

23 May 2019 - Weaker tone for the FBMKLCI as indicators turn negative.


A narrower price band was seen on 21 May, with a 10.58-point range traded between 1,614.23 and 1,603.74. The index inched down 1.62-points to close at 1,603.74 on some minor profit-taking activities.

Supports at 1,572, 1,590 and 1,599 may be obvious for 23 May, whilst much heavy selling at the 1,603, 1,620 and 1,632 resistance areas will cap the index rises. Its CCI, DMI, MACD, Stochastic and Oscillator are all negative.

Investors will sell on rallies as the index is in bearish territory and has moved below the 18 and 40 SMA since 9 May. The FKLI contracts (May, Jun and Sep 2019) remained below par (at a 1.24-points to a 3.24-points discount) against the index on some selling activities. 

Due to the Dow's major decline of 100.72-points on 22 May, the local index will see price movements between the supports and resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 8 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) to the swing low of 1,609.83 (18 April 2019) and to the swing high of 1,644.35 (2 May 2019).

The index remained below the critical 200-day SMA situated at 1,704.51 on 21 May.

Tuesday, 21 May 2019

21 May 2019 - Another quiet and lower day for the FBMKLCI.


A wider price band was seen on 17 May, with an 11.64-point range traded between 1,610.96 and 1,599.32. The index rose 6.17-points to close at 1,605.36 on some local nibbling activities.

Supports at 1,572, 1,590 and 1,599 may be obvious for 21 May, whilst much heavy selling at the 1,605, 1,620 and 1,632 resistance areas will cap the index rises. Its CCI, DMI, MACD and Oscillator are all negative, whilst the Stochastic has issued a buy signal.

Investors will sell on rallies as the index is in bearish territory and has moved below the 18 and 40 SMA since 9 May. The FKLI contracts (May, Jun, Sep & Dec 2019) remained below par (at a 4.36-points to a 6.36-points discount) against the index on some selling activities. 

Due to the Dow's minor decline of 84.10-points on 20 May, the local index will see price movements between the supports and resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 8 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) to the swing low of 1,609.83 (18 April 2019) and to the swing high of 1,644.35 (2 May 2019).

The index remained below the critical 200-day SMA situated at 1,705.31 on 17 May.

Friday, 17 May 2019

17 May 2019 - Another pyrrhic rebound for the FBMKLCI today.


A narrower price band was seen on 16 May, with an 11.59-point range traded between 1,610.78 and 1,599.19. The index fell 12.24-points to close at the day's low of 1,599.19 on some heavy foreign selling activities.

Supports at 1,572, 1,590 and 1,595 may be obvious for 17 May, whilst much heavy selling at the 1,599, 1,620 and 1,632 resistance areas will cap the index rises. Its CCI, DMI, MACD and Oscillator are all negative, whilst the Stochastic has issued a buy signal.

Investors will sell on rallies as the index is in bearish territory and has moved below the 18 and 40 SMA since 9 May. The FKLI contracts (May, Jun, Sep & Dec 2019) remained below par (at a 2.69-points to a 6.19-points discount) against the index on some selling activities. 

Due to the Dow's major rise of 214.66-points on 16 May, the local index will see price movements between the supports and resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 8 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) to the swing low of 1,609.83 (18 April 2019) and to the swing high of 1,644.35 (2 May 2019).

The index remained below the critical 200-day SMA situated at 1,706.07 on 16 May.

Thursday, 16 May 2019

16 May 2019 - Sell into the price rebound.


A narrower price band was seen on 15 May, with a 16.39-point range traded between 1,617.43 and 1,601.04. The index rose 12.24-points to close at 1,611.43 on some local buying activities.

Supports at 1,590, 1,600 and 1,611 may be obvious for 16 May, whilst much heavy selling at the 1,613, 1,632 and 1,644 resistance areas will cap the index rises. Its CCI, DMI, MACD and Oscillator are all negative, whilst the Stochastic has issued a buy signal.

Investors will sell on rallies as the index is in bearish territory and has moved below the 18 and 40 SMA since 9 May. The FKLI contracts (May, Jun, Sep & Dec 2019) turned below par (at a 5.43-points to a 9.43-points discount) against the index on some selling activities. 

Due to the Dow's major rise of 115.97-points on 15 May, the local index will see price movements between the supports and resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 8 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) to the swing low of 1,609.83 (18 April 2019) and to the swing high of 1,644.35 (2 May 2019).

The index remained below the critical 200-day SMA situated at 1,706.85 on 15 May.

Wednesday, 15 May 2019

15 May 2019 - Sell on the FBMKLCI's price rebound today.


A much wider price band was seen on 14 May, with a volatile 31.69-point range traded between 1,603.72 and 1,572.03. The index inched down 1.90-points to close at 1,599.19 on some foreign selling activities.

Supports at 1,572, 1,580 and 1,598 will be weaker for 15 May, whilst much heavy selling at the 1,601, 1,620 and 1,632 resistance areas will cap the index rises. Its CCI, DMI, MACD and Oscillator are all negative, whilst the Stochastic has issued a buy signal.

Investors will sell on rallies as the index is in bearish territory and has moved below the 18 and 40 SMA since 9 May. The FKLI contracts (May, Jun, Sep & Dec 2019) turned around par (at a 4.81-points premium to a 0.19-points discount) against the index on some position adjustment activities. 

Despite the Dow's major rise of 207.06-points on 14 May, the local index will see price movements towards the supports mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 8 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) to the swing low of 1,609.83 (18 April 2019) and to the swing high of 1,644.35 (2 May 2019).

The index remained below the critical 200-day SMA situated at 1,707.58 on 14 May.

Tuesday, 14 May 2019

14 May 2019 - Dow tumbles 617-points. FBMKLCI headed to 1,590 and lower.


A wider price band was seen on 13 May, with a 12.87-point range traded between 1,611.47 and 1,598.60. The index tumbled 9.18-points to close at 1,601.09 on heavier foreign selling activities.

Supports at 1,556, 1,580 and 1,590 will be weaker for 14 May, whilst much heavy selling at the 1,601, 1,620 and 1,632 resistance areas will cap the index rises. Its CCI, DMI, MACD, Stochastic and Oscillator are all negative.

Investors will sell on rallies as the index is in bearish territory and has moved below the 18 and 40 SMA since 9 May. The FKLI contracts (May, Jun, Sep & Dec 2019) remained below par (at an enlarged 6.59-points to an 8.59-points discount) against the index on some heavier selling activities. 

Due to the Dow's major plunge of 617.38-points on 13 May, the local index will see price movements towards the supports mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 8 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) to the swing low of 1,609.83 (18 April 2019) and to the swing high of 1,644.35 (2 May 2019).

The index remained below the critical 200-day SMA situated at 1,708.35 on 13 May.

Sunday, 12 May 2019

13 May 2019 - Sell the pyrrhic rebounds off the 1,609-support.


A narrower price band was seen on 10 May, with a 10.13-point range traded between 1,620.40 and 1,610.27. The index tumbled 8.26-points to close at the day's low of 1,610.27 on heavier foreign selling activities.

Supports at 1,590, 1,600 and 1,609 will be weaker for 13 May, whilst much heavy selling at the 1,610, 1,620 and 1,644 resistance areas will cap the index rises. Its CCI, DMI, MACD, Stochastic and Oscillator are all negative.

Investors will sell on rallies as the index is in bearish territory and has moved below the 18 and 40 SMA since 9 May. The FKLI contracts (May, Jun, Sep & Dec 2019) remained below par (at a 1.27-points to a 3.27-points discount) against the index on some selling activities. 

Despite the Dow's major rise of 114.01-points on 10 May, the local index will see price movements towards the supports mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 8 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) to the swing low of 1,609.83 (18 April 2019) and to the swing high of 1,644.35 (2 May 2019).

The index remained below the critical 200-day SMA situated at 1,709.04 on 10 May.

Friday, 10 May 2019

10 May 2019 - Downside to 1,609, 1,600, 1,590 and 1,545 beckons.


A wider price band was seen on 9 May, with a 12.11-point range traded between 1,630.44 and 1,618.33. The index tumbled 15.02-points to close at 1,618.53 on heavier foreign selling activities.

Supports at 1,590, 1,600 and 1,609 will be weaker for 10 May, whilst much heavy selling at the 1,618, 1,630 and 1,645 resistance areas will cap the index rises. Its CCI, DMI, Stochastic and Oscillator are negative, but the MACD is positive.

Investors will sell on rallies as the index is in bearish territory and has moved below the 18 and 40 SMA since 9 May. The FKLI contracts (May, Jun, Sep & Dec 2019) remained below par (at a 1.03-points to a 4.53-points discount) against the index on some heavier selling activities. 

Due to the Dow's major decline of 138.97-points on 9 May, the local index will see price movements towards the supports mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 8 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) to the swing low of 1,609.83 (18 April 2019) and to the swing high of 1,644.35 (2 May 2019).

The index remained below the critical 200-day SMA situated at 1,709.62 on 9 May.

Thursday, 9 May 2019

9 May 2019 - A quiet trading day.


A narrower price band was seen on 8 May, with an 8.18-point range traded between 1,635.56 and 1,627.38. The index fell 5.82-points to close at 1,633.55 on some foreign selling activities.

Supports at 1,609, 1,616 and 1,632 may be obvious for 9 May, whilst heavy selling at the 1,634, 1,645 and 1,652 resistance areas will cap the index rises. Its DMI, Stochastic and Oscillator are negative, but the CCI and MACD have issued buy signals.

Investors may range trade as the index is in neutral territory and has moved between the 18 and 40 SMA since 24 April. The FKLI contracts (May, Jun, Sep & Dec 2019) turned below par (at a 0.55-points to a 5.55-points discount) against the index on some minor selling activities. 

Due to the Dow's miniscule rise of 2.24-points on 8 May, the local index may see price movements between the supports and resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 7 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) and to the swing low of 1,609.83 (18 April 2019).

The index remained below the critical 200-day SMA situated at 1,710.13 on 8 May.

Wednesday, 8 May 2019

8 May 2019 - Dow's 473-point meltdown will affect FBMKLCI initially.


A wider price band was seen on 7 May, with a 15.70-point range traded between 1,641.76 and 1,626.06. The index rose 6.57-points to close at 1,639.37 on some foreign buying activities.

Supports at 1,609, 1,616 and 1,626 may be obvious for 8 May, whilst heavy selling at the 1,639, 1,645 and 1,652 resistance areas will cap the index rises. Its DMI, Stochastic and Oscillator are negative, but the CCI and MACD have issued buy signals.

Investors may range trade as the index is in neutral territory and has moved between the 18 and 40 SMA since 24 April. The FKLI contracts (May, Jun, Sep & Dec 2019) turned around par (at a 0.63-points premium to a 4.87-points discount) against the index on some position adjustment activities. 

Due to the Dow's major plunge of 473.39-points on 7 May, the local index may see price movements between the supports and resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 7 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) and to the swing low of 1,609.83 (18 April 2019).

The index remained below the critical 200-day SMA situated at 1,710.48 on 7 May.

Tuesday, 7 May 2019

7 May 2019 - Impending volatility in May.


A narrower price band was seen on 6 May, with a 10.05-point range traded between 1,633.66 and 1,623.61. The index fell 4.50-points to close at 1,632.80 on some local and foreign selling activities.

Supports at 1,609, 1,616 and 1,630 may be obvious for 7 May, whilst heavy selling at the 1,632, 1,645 and 1,652 resistance areas will cap the index rises. Its DMI, Stochastic and Oscillator are negative, but the CCI and MACD have issued buy signals.

Investors may range trade as the index is in neutral territory and has moved between the 18 and 40 SMA since 24 April. The FKLI contracts (May, Jun, Sep & Dec 2019) remained below par (at a 7.80-points to a 13.80-points discount) against the index on some heavy selling activities. 

Due to the Dow's minor decline of 66.47-points on 6 May, the local index may see price movements between the supports and resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 7 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) and to the swing low of 1,609.83 (18 April 2019).

The index remained below the critical 200-day SMA situated at 1,710.73 on 6 May.

Sunday, 5 May 2019

6 May 2019 - FBMKLCI may inch up despite weekly Doji signal.


A narrower price band was seen on 3 May, with an 11.85-point range traded between 1,637.41 and 1,625.56. The index rose 5.06-points to close at 1,637.30 on some buying activities.

Supports at 1,609, 1,616 and 1,637 may be obvious for 6 May, whilst heavy selling at the 1,640, 1,652 and 1,664 resistance areas will cap the index rises. Its DMI, Stochastic and Oscillator are negative, but the CCI and MACD have issued buy signals.

Investors may range trade as the index is in neutral territory and has moved between the 18 and 40 SMA since 24 April. The FKLI contracts (May, Jun, Sep & Dec 2019) remained below par (at a 4.80-points to a 7.30-points discount) against the index on some selling activities. 

Due to the Dow's major rise of 197.16-points on 3 May, the local index may see price movements between the supports and resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 7 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) and to the swing low of 1,609.83 (18 April 2019).

The index remained below the critical 200-day SMA situated at 1,711.00 on 3 May.

4 May 2019 - 152 new investment experts in elevated charting concepts like Elliott Wave and Dynamic Trio at Bursa Malaysia's Sharpen Your Investing Skills seminar on 4 May 2019 in KL.


Friday, 3 May 2019

4 May 2019 - "Sharpen Your Investing Skills" seminar in KL.

Come and "Sharpen Your Investing Skills" with me in KL on 4 May 2019 at Conference Room, Bursa Malaysia.

I'll be conducting this superb fundamental and technical learning session.

Event information: 
http://www.bursamarketplace.com/mkt/happenings/events?tab=bursa

Register at:
https://equitiestracker.com/bursa/event06.php?ref=BM



3 May 2019 - Sell as a daily Bearish Engulfing pattern seen.


A wider price band was seen on 2 May, with a 13.08-point range traded between 1,644.35 and 1,631.27. The index tumbled 10.05-points to close at 1,632.24 on some foreign selling activities.

Supports at 1,609, 1,616 and 1,628 may be obvious for 3 May, whilst heavy selling at the 1,632, 1,644 and 1,652 resistance areas will cap the index rises. Its CCI, DMI, Stochastic and Oscillator are negative, but the MACD has issued a buy signal.

Investors may range trade as the index is in neutral territory and has moved between the 18 and 40 SMA since 24 April. The FKLI contracts (May, Jun, Sep & Dec 2019) remained below par (at a 6.74-points to a 10.24-points discount) against the index on some heavy selling activities. 

Due to the Dow's major decline of 122.35-points on 2 May, the local index may see price movements between the supports and resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 7 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) and to the swing low of 1,609.83 (18 April 2019).

The index remained below the critical 200-day SMA situated at 1,711.18 on 2 May.

Thursday, 2 May 2019

2 May 2019 - Dow's 162-point drop will cause adversity today.


A wider price band was seen on 30 April, with an 8.91-point range traded between 1,643.45 and 1,634.54. The index rose 4.29-points to close at 1,642.29 on some bargain hunting activities.

Supports at 1,609, 1,629 and 1,635 may be obvious for 2 May, whilst heavy selling at the 1,642, 1,652 and 1,664 resistance areas will cap the index rises. Its DMI and Oscillator are negative, but the CCI, Stochastic and MACD have issued buy signals.

Investors may range trade as the index is in neutral territory and has moved between the 18 and 40 SMA since 24 April. The FKLI contracts (May, Jun & Sep 2019) turned below par (at a 4.79-points to a 6.29-points discount) against the index on some selling activities. 

Due to the Dow's major decline of 162.77-points on 1 May, the local index may see price movements between the supports and resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 7 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) and to the swing low of 1,609.83 (18 April 2019).

The index remained below the critical 200-day SMA situated at 1,711.34 on 30 April.

Tuesday, 30 April 2019

30 April 2019 - Quiet trading ahead of Labour Day.


A narrower price band was seen on 29 April, with a 5.66-point range traded between 1,637.30 and 1,631.83. The index inched down 0.98-points to close at 1,637.40 on minor profit-taking activities.

Supports at 1,609, 1,629 and 1,635 may be obvious for 30 April, whilst heavy selling at the 1,637, 1,652 and 1,664 resistance areas will cap the index rises. Its DMI and Oscillator are negative, but the CCI, Stochastic and MACD have issued buy signals.

Investors may range trade as the index is in neutral territory and has moved between the 18 and 40 SMA since 24 April. The FKLI contracts (Apr, May, Jun & Sep 2019) turned around par (at an 0.10-points premium to a 6.40-points discount) against the index on some position adjustment activities. 

Due to the Dow's minor rise of 11.06-points on 29 April, the local index may see price movements between the supports and resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 7 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) and to the swing low of 1,609.83 (18 April 2019).

The index remained below the critical 200-day SMA situated at 1,711.58 on 29 April.

Monday, 29 April 2019

29 April 2019 - Neutral to slightly higher today.


A narrower price band was seen on 26 April, with a 6.60-point range traded between 1,639.18 and 1,632.58. The index rose 2.70-points to close at 1,638.38 on minor retail nibbling activities.

Supports at 1,609, 1,629 and 1,638 may be obvious for 29 April, whilst heavy selling at the 1,640, 1,652 and 1,664 resistance areas will cap the index rises. Its DMI and Oscillator are negative, but the CCI, Stochastic and MACD have issued buy signals.

Investors may range trade as the index is in neutral territory and has moved between the 18 and 40 SMA since 24 April. The FKLI contracts (Apr, May, Jun & Sep 2019) remained below par (at an 1.88-points to a 9.38-points discount) against the index on some heavy selling activities. 

Due to the Dow's minor rise of 81.25-points on 26 April, the local index may see price movements between the supports and resistances mentioned above today. 

Ample bearish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged and this shows the FBMKLCI had peaked at 1,896.03. 

The FBMKLCI had then completed 7 key swing movements from the swing low of 1,709.51 (30 May 2018) to the swing high of 1,801.42 (7 June 2018) to the swing low of 1,657.78 (28 June 2018) to the swing high of 1,826.90 (28 August 2018) to the swing low of 1,626.93 (18 December 2018) to the swing high of 1,732.27 (22 February 2019) and to the swing low of 1,609.83 (18 April 2019).

The index remained below the critical 200-day SMA situated at 1,711.83 on 26 April.