Thursday, 17 January 2019

17 January 2019 - Went below 18 & 40 SMA again.


A wider price band was seen on 16 January, with a 7.91-point range traded between 1,676.34 and 1,668.43. The index fell 6.34-points to close at 1,673.08 on some local selling activities.

Supports at 1,640, 1,652 and 1,668 may be weaker for 17 January, whilst some heavy selling at the 1,673, 1,684 and 1,701 resistance areas will cap the index rises. Its MACD and Oscillator have turned marginally positive, whilst its CCI, DMI and Stochastic are negative.

Investors may sell on rallies as the index is marginally in bearish territory and has moved below the 18 and 40 SMA since 16 January. The FKLI contracts (Jan, Feb, Mar & Jun 2019) turned below par (at a 0.58-points to a 8.08-points discount) against the index on some selling activities. 

Despite the Dow's major rise of 141.57-points on 16 January, the local index may 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 6 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) and to the swing high of 1,701.10 (31 December 2018).

The index remained clearly below the critical 200-day SMA situated at 1,758.32 on 16 January. The index's recent rebound stalled short of 38% Fibonacci Retracement (FR) at 1,703.32.

Wednesday, 16 January 2019

16 January 2019 - Vacillated into bullish mode.


A narrower price band was seen on 15 January, with a 6.87-point range traded between 1,679.42 and 1,672.55. The index inched up 3.26-points to close at the day's high of 1,679.42 on some foreign nibbling activities.

Supports at 1,652, 1,664 and 1,679 may be obvious for 16 January, whilst some heavy selling at the 1,684, 1,701 and 1,712 resistance areas will cap the index rises. Its CCI, MACD and Oscillator have turned marginally positive, whilst its DMI and Stochastic are negative.

Investors may nibble on dips as the index is marginally in bullish territory and has moved above the 18 and 40 SMA since 15 January. The FKLI contracts (Jan, Feb, Mar & Jun 2019) remained around par (at a 3.84-points premium to a 6.66-points discount) against the index on some position adjustment activities. 

Due to the Dow's major rise of 155.75-points on 15 January, 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 6 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) and to the swing high of 1,701.10 (31 December 2018).

The index remained clearly below the critical 200-day SMA situated at 1,759.28 on 15 January. The index's recent rebound stalled short of 38% Fibonacci Retracement (FR) at 1,703.32.

Tuesday, 15 January 2019

15 January 2019 - Into neutral mode again.


A wider price band was seen on 14 January, with an 11.92-point range traded between 1,684.19 and 1,672.27. The index lost 7.06-points to close at 1,676.16 on some local and foreign selling activities.

Supports at 1,652, 1,664 and 1,672 may be obvious for 15 January, whilst some heavy selling at the 1,676, 1,701 and 1,712 resistance areas will cap the index rises. Its DMI, MACD and Oscillator have turned marginally positive, whilst its CCI and Stochastic are negative.

Investors may range trade as the index is neutral territory and has moved between the 18 and 40 SMA since 14 January. The FKLI contracts (Jan, Feb, Mar & Jun 2019) remained around par (at a 2.84-points premium to a 10.16-points discount) against the index on some position adjustment activities. 

Due to the Dow's minor decline of 86.11-points on 14 January, 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 6 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) and to the swing high of 1,701.10 (31 December 2018).

The index remained clearly below the critical 200-day SMA situated at 1,760.17 on 14 January. The index's recent rebound stalled short of 38% Fibonacci Retracement (FR) at 1,703.32.

Monday, 14 January 2019

14 January 2019 - Turned marginally positive.


A narrower price band was seen on 11 January, with an 8.24-point range traded between 1,684.99 and 1,676.75. The index gained 4.34-points to close at 1,683.22 on some foreign buying activities.

Supports at 1,652, 1,676 and 1,683 may be obvious for 14 January, whilst some heavy selling at the 1,685, 1,701 and 1,712 resistance areas will cap the index rises. Its CCI, DMI, MACD, Oscillator and Stochastic have turned marginally positive. 

Investors may nibble on dips as the index is marginally in bullish territory and has moved above the 18 and 40 SMA since 11 January. The FKLI contracts (Jan, Feb, Mar & Jun 2019) turned around par (at a 6.28-points premium to a 5.72-points discount) against the index on some position adjustment activities. 

Due to the Dow's minor decline of 5.97-points on 11 January, 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 6 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) and to the swing high of 1,701.10 (31 December 2018).

The index remained clearly below the critical 200-day SMA situated at 1,761.02 on 11 January. The index's recent rebound stalled short of 38% Fibonacci Retracement (FR) at 1,703.32.

Friday, 11 January 2019

11 January 2019 - Into neutral mode again.


A narrower price band was seen on 10 January, with a 11.95-point range traded between 1,681.23 and 1,669.28. The index gained 11.05-points to close at 1,678.88 on some foreign buying activities.

Supports at 1,652, 1,669 and 1,678 may be obvious for 11 January, whilst some heavy selling at the 1,680, 1,701 and 1,712 resistance areas will cap the index rises. Its DMI, Oscillator and Stochastic have turned marginally negative, whilst its CCI and MACD are positive. 

Investors will range trade as the index is in neutral territory and has moved between the 18 and 40 SMA since 10 January. The FKLI contracts (Jan, Feb, Mar & Jun 2019) turned below par (at a 3.38-points to an 11.88-points discount) against the index on some heavy selling activities. 

Due to the Dow's major rise of 122.80-points on 10 January, 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 6 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) and to the swing high of 1,701.10 (31 December 2018).

The index remained clearly below the critical 200-day SMA situated at 1,761.84 on 10 January. The index's recent rebound stalled short of 38% Fibonacci Retracement (FR) at 1,703.32.

Thursday, 10 January 2019

10 January 2019 - Into bearish territory after downgrade.


A wider price band was seen on 9 January, with a 16.25-point range traded between 1,684.08 and 1,667.83. The index fell 4.93-points to close at the day's low of 1,667.83 on some foreign selling activities after Nomura's downgrade.

Supports at 1,626, 1,652 and 1,664 may be weaker for 10 January, whilst some very heavy selling at the 1,667, 1,686 and 1,701 resistance areas will cap the index rises. Its CCI, DMI, Oscillator and Stochastic have turned marginally negative, whilst its 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 January. The FKLI contracts (Jan, Feb, Mar & Jun 2019) remained around par (at a 5.17-points premium to a 5.33-points discount) against the index on some position adjustment activities. 

Despite the Dow's minor rise of 91.67-points on 9 January, the local index may see price movements toward 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 6 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) and to the swing high of 1,701.10 (31 December 2018).

The index remained clearly below the critical 200-day SMA situated at 1,762.67 on 9 January. The index's recent rebound stalled short of 38% Fibonacci Retracement (FR) at 1,703.32.

Wednesday, 9 January 2019

9 January 2019 - Range-bound and uncertain.


A wider price band was seen on 8 January, with a 15.70-point range traded between 1,686.37 and 1,670.67. The index fell 6.41-points to close at 1,672.76 on some foreign selling activities.

Supports at 1,652, 1,664 and 1,670 may be obvious for 9 January, whilst some heavy selling at the 1,673, 1,701 and 1,712 resistance areas will cap the index rises. Its CCI, DMI, MACD and Stochastic have turned marginally positive, whilst its Oscillator is negative. 

Investors will range trade as the index is in neutral territory and has moved between the 18 and 40 SMA since 3 January. The FKLI contracts (Jan, Feb, Mar & Jun 2019) remained around par (at a 2.74-points premium to a 9.26-points discount) against the index on some position adjustment activities. 

Due to the Dow's major rise of 256.10-points on 8 January, 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 6 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) and to the swing high of 1,701.10 (31 December 2018).

The index remained clearly below the critical 200-day SMA situated at 1,763.62 on 8 January. The index's recent rebound stalled short of 38% Fibonacci Retracement (FR) at 1,703.32.

Tuesday, 8 January 2019

8 January 2019 - A minor rise today.


A wider price band was seen on 7 January, with a 14.10-point range traded between 1,687.13 and 1,673.03. The index rose 9.39-points to close at 1,679.17 on some local fund buying activities.

Supports at 1,652, 1,664 and 1,679 may be obvious for 8 January, whilst some heavy selling at the 1,688, 1,701 and 1,712 resistance areas will cap the index rises. Its CCI, DMI, MACD, Stochastic and Oscillator have turned marginally positive.

Investors will range trade as the index is in neutral territory and has moved between the 18 and 40 SMA since 3 January. The FKLI contracts (Jan, Feb, Mar & Jun 2019) remained around par (at a 4.33-points premium to a 9.67-points discount) against the index on some position adjustment activities. 

Due to the Dow's minor rise of 98.19-points on 7 January, 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 6 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) and to the swing high of 1,701.10 (31 December 2018).

The index remained clearly below the critical 200-day SMA situated at 1,764.57 on 7 January. The index's recent rebound stalled short of 38% Fibonacci Retracement (FR) at 1,703.32.

Saturday, 5 January 2019

7 January 2019 - In range bound territory for now.


A narrower price band was seen on 4 January, with an 8.40-point range traded between 1,676.55 and 1,668.15. The index fell 6.05-points to close at 1,669.78 on some high volume selling activities.

Supports at 1,640, 1,652 and 1,669 may be obvious for 7 January, whilst some heavy selling at the 1,676, 1,701 and 1,712 resistance areas will cap the index rises. Its DMI and Stochastic have turned negative, whilst the CCI, MACD and Oscillator remained positive.

Investors will range trade as the index is in neutral territory and has moved between the 18 and 40 SMA since 3 January. The FKLI contracts (Jan, Feb, Mar & Jun 2019) remained around par (at a 5.22-points premium to a 7.78-points discount) against the index on some position adjustment activities. 

Due to the Dow's major rise of 746.94-points on 4 January, 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 6 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) and to the swing high of 1,701.10 (31 December 2018).

The index remained clearly below the critical 200-day SMA situated at 1,765.48 on 4 January. The index's recent rebound stalled short of 38% Fibonacci Retracement (FR) at 1,703.32.

Friday, 4 January 2019

4 January 2019 - More downside volatility as Dow plunges 660-points overnight.


A narrower price band was seen on 3 January, with a 14.56-point range traded between 1,680.78 and 1,666.22. The index rose 7.72-points to close at 1,675.83 on some local nibbling activities.

Supports at 1,626, 1,652 and 1,664 will be weaker for 4 January, whilst some heavy selling at the 1,675, 1,701 and 1,712 resistance areas will cap the index rises. Its DMI and Stochastic have turned negative, whilst the CCI, MACD and Oscillator remained positive.

Investors will range trade as the index is in neutral territory and has moved between the 18 and 40 SMA since 3 January. The FKLI contracts (Jan, Feb, Mar & Jun 2019) turned around par (at a 5.67-points premium to a 7.83-points discount) against the index on some position adjustment activities. 

Due to the Dow's major tumble of 660.02-points on 3 January, the local index may 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 6 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) and to the swing high of 1,701.10 (31 December 2018).

The index remained clearly below the critical 200-day SMA situated at 1,766.36 on 3 January. The index's recent rebound stalled short of 38% Fibonacci Retracement (FR) at 1,703.32.

Thursday, 3 January 2019

3 January 2019 - Index rebound stalled short of 38% FR at 1,703.32.


A wider price band was seen on 2 January, with a 28.03-point range traded between 1,694.10 and 1,666.07. The index tumbled 22.47-points to close at 1,668.11 on very obvious foreign selling activities.

Supports at 1,626, 1,655 and 1,666 will be weaker for 3 January, whilst some selling at the 1,668, 1,701 and 1,712 resistance areas will cap the index rises. Its CCI, DMI and Stochastic have turned negative, whilst the MACD and Oscillator remained positive.

Investors will sell on rallies as the index is in bearish territory and has moved below the 18 and 40 SMA since 2 January. The FKLI contracts (Jan, Feb, Mar & Jun 2019) turned below par (at a 3.11-points to a 14.11-points discount) against the index on some heavy selling activities. 

Despite the Dow's minor rise of 18.78-points on 2 January, the local index may 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 6 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) and to the swing high of 1,701.10 (31 December 2018).

The index remained clearly below the critical 200-day SMA situated at 1,767.17 on 2 January. The index's recent rebound stalled short of 38% Fibonacci Retracement (FR) at 1,703.32.

Wednesday, 2 January 2019

2 January 2019 - A better start to 2019.


A wider price band was seen on 31 December, with a 12.06-point range traded between 1,701.10 and 1,689.04. The index inched down 1.49-points to close at 1,690.58 on some low volume profit-taking activities.

Supports at 1,658, 1,677 and 1,690 may be obvious for 2 January, whilst some selling at the 1,692, 1,700 and 1,724 resistance areas may cap the index rises. Its CCI, DMI, MACD, Oscillator and Stochastic have all turned positive.

Investors may buy on dips as the index is in bullish territory and has moved above the 18 and 40 SMA since 27 December. The FKLI contracts (Jan, Mar & Jun 2019) turned around par (at a 1.42-points premium to a 11.58-points discount) against the index on some position adjustment activities. 

Due to the Dow's major rise of 265.06-points on 31 December, 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 5 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) and to the swing low of 1,626.93 (18 December 2018).

The index however remained clearly below the critical 200-day SMA situated at 1,768.02 on 31 December. 

Sunday, 30 December 2018

31 December 2018 - Year-end window-dressing may conclude today.


A narrower price band was seen on 28 December, with a 9.61-point range traded between 1,694.08 and 1,684.47. The index inched up 1.35-points to close at 1,692.07 on some low volume local nibbling activities.

Supports at 1,658, 1,677 and 1,685 may be obvious for 31 December, whilst heavy selling at the 1,692, 1,700 and 1,712 resistance areas may cap the index rises. Its Oscillator remains negative, whilst the CCI, DMI, MACD and Stochastic have turned positive.

Investors may buy on dips as the index is in bullish territory and has moved above the 18 and 40 SMA since 27 December. The FKLI contracts (Dec 2018 and Jan, Mar & Jun 2019) remained below par (at a 3.57-points to a 17.07-points discount) against the index on some heavy selling activities. 

Due to the Dow's minor decline of 76.42-points on 28 December, the local index may 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 5 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) and to the swing low of 1,626.93 (18 December 2018).

The index however  remained clearly below the critical 200-day SMA situated at 1,768.81 on 28 December. 

Friday, 28 December 2018

28 December 2018 - Low volume year-end window-dressing nears its end.


A wider price band was seen on 27 December, with a 14.32-point range traded between 1,691.65 and 1,677.33. The index rose 18.12-points to close at 1,690.72 on some low volume local nibbling activities.

Supports at 1,658, 1,677 and 1,685 may be obvious for 28 December, whilst heavy selling at the 1,690, 1,700 and 1,712 resistance areas may cap the index rises. Its Oscillator remains negative, whilst the CCI, DMI, MACD and Stochastic have turned positive.

Investors may buy on dips as the index is in bullish territory and has moved above the 18 and 40 SMA since 27 December. The FKLI contracts (Dec 2018 and Jan, Mar & Jun 2019) remained below par (at a 9.22-points to a 19.22-points discount) against the index on some heavy selling activities. 

Due to the Dow's major rise of 260.37-points on 27 December, 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 5 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) and to the swing low of 1,626.93 (18 December 2018).

The index however  remained clearly below the critical 200-day SMA situated at 1,769.57 on 27 December. 

Sunday, 23 December 2018

2018 planetary timing review for the FBMKLCI.


Planetary timing is revolutionary for Malaysian charting. However, I have known that these planetary formations existed for the FBMKLCI since 1996. A sampling of the whole 2018 almanac table (which was prepared in December 2017), showed that the "pink" planetary formation is especially consistent with tops, bottoms and manic panics.



Here are the blank planetary almanac plots from January to December 2019. The full 2019 planetary almanac plots are only available to my charting proteges. 2019 will prove to be a very turbulent year for the Malaysian market. It would be a very wise for investors to know exactly when to buy and sell for 2019.

Saturday, 22 December 2018

24 December 2018 - Pyrrhic local window dressing in the face of US fragility.


A wider price band was seen on 21 December, with a 29.42-point range traded between 1,672.21 and 1,642.79. The index rose 19.72-points to close at 1,670.28 on some low volume local nibbling activities.

Supports at 1,626, 1,652 and 1,664 will be weaker for 24 December, whilst heavy selling at the 1,670, 1,700 and 1,712 resistance areas will cap the index rebounds. Its CCI, DMI and Oscillator are negative, whilst the MACD and Stochastic have turned positive.

Investors will sell on rallies as the index is in bearish territory and has moved below the 18 and 40 SMA since 5 December. The FKLI contracts (Dec 2018 and Jan, Mar & Jun 2019) remained below par (at a 4.28-points to a 13.78-points discount) against the index on some heavy selling activities. 

Due to the Dow's major plunge of 414.23-points on 21 December, 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 4 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) and to the swing high of 1,826.90 (28 August 2018).

The index remained clearly below the critical 200-day SMA situated at 1,772.20 on 21 December. Medium-to-longer term downside targets of the FBMKLCI are situated at 1,598, 1,553 and 1,473 after the pyrrhic window-dressing rebound to 1,670 and 1,695 ends.

Friday, 21 December 2018

21 December 2018 - Why bother buying blue chips when Dow is plunging to new lows?


A marginally narrower price band was seen on 20 December, with a 20.68-point range traded between 1,651.63 and 1,630.95. The index fell 5.10-points to close at 1,650.56 on some local nibbling activities.

Supports at 1,614, 1,626 and 1,643 will be weaker for 21 December, whilst heavy selling at the 1,650, 1,676 and 1,700 resistance areas will cap the index rebounds. Its CCI, DMI, MACD and Oscillator are negative, whilst the Stochastic turned positive.

Investors will sell on rallies as the index is in bearish territory and has moved below the 18 and 40 SMA since 5 December. The FKLI contracts (Dec 2018 and Jan, Mar & Jun 2019) turned below par (at a 0.06-points to a 8.56-points discount) against the index on some heavy selling activities. 

Due to the Dow's major plunge of 464.06-points on 20 December, 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 4 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) and to the swing high of 1,826.90 (28 August 2018).

The index remained clearly below the critical 200-day SMA situated at 1,773.20 on 20 December. Medium-to-longer term downside targets of the FBMKLCI are situated at 1,598, 1,553 and 1,473.

Thursday, 20 December 2018

20 December 2018 - FBMKLCI's rebound against Dow's volatility will ultimately be futile.


A wider price band was seen on 19 December, with a 21.11-point range traded between 1,655.66 and 1,634.55. The index rose 20.35-points to close at the day's high of 1,655.66 on some local buying activities.

Supports at 1,626, 1,640 and 1,652 will be weaker for 20 December, whilst heavy selling at the 1,655, 1,676 and 1,700 resistance areas will cap the index rebounds. 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 5 December. The FKLI contracts (Dec 2018 and Jan, Mar & Jun 2019) turned below par (at a 0.66-points to a 11.66-points discount) against the index on some heavy selling activities. 

Due to the Dow's major plunge of 351.98-points on 19 December, 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 4 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) and to the swing high of 1,826.90 (28 August 2018).

The index remained clearly below the critical 200-day SMA situated at 1,774.25 on 19 December. Medium-to-longer term downside targets of the FBMKLCI are situated at 1,598, 1,553 and 1,473.

Wednesday, 19 December 2018

19 December 2018 - Continue to sell rebounds.


A narrower price band was seen on 18 December, with a 16.95-point range traded between 1,643.88 and 1,626.93. The index fell 6.31-points to close at 1,635.31 on some foreign selling activities.

Supports at 1,600, 1,611 and 1,626 will be weaker for 19 December, whilst heavy selling at the 1,635, 1,664 and 1,676 resistance areas will cap the index rebounds. 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 5 December. The FKLI contracts (Dec 2018 and Jan, Mar & Jun 2019) turned around par (at a 5.19-points premium  to a 9.31-points discount) against the index on some position adjustment activities. 

Despite the Dow's minor rise of 82.66-points on 18 December, 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 4 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) and to the swing high of 1,826.90 (28 August 2018).

The index remained clearly below the critical 200-day SMA situated at 1,775.28 on 18 December. Medium-to-longer term downside targets of the FBMKLCI are situated at 1,598, 1,550 and 1,470.

Tuesday, 18 December 2018

18 December 2018 - Further panic as Dow plunges 507-points to a 51-day low.


A wider price band was seen on 17 December, with a 19.04-point range traded between 1,660.66 and 1,641.62. The index fell 20.34-points to close at the day's low of 1,641.62 on some clear selling activities of key blue-chip stocks.

Supports at 1,600, 1,611 and 1,630 will be weaker for 18 December, whilst heavy selling at the 1,641, 1,664 and 1,676 resistance areas will cap the index rebounds. 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 5 December. The FKLI contracts (Dec 2018 and Jan, Mar & Jun 2019) turned around par (at a 5.88-points premium  to a 5.62-points discount) against the index on some position adjustment activities. 

Due to the Dow's major plunge of 507.53-points on 17 December, 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 4 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) and to the swing high of 1,826.90 (28 August 2018).

The index remained clearly below the critical 200-day SMA situated at 1,776.38 on 17 December. Medium-to-longer term downside targets of the FBMKLCI are situated at 1,598, 1,570 and 1,505.

Saturday, 15 December 2018

17 December 2018 - Dow's 497-point drop will cause mayhem.


A wider price band was seen on 14 December, with a 10.43-point range traded between 1,671.73 and 1,661.30. The index fell 14.04-points to close at 1,661.96 on some obvious selling activities.

Supports at 1,614, 1,630 and 1,652 will be weaker for 17 December, whilst heavy selling at the 1,661, 1,677 and 1,700 resistance areas will cap the index rebounds. Its CCI, DMI, MACD  and Oscillator are negative, whilst its Stochastic is positive.

Investors will sell on rallies as the index is in bearish territory and has moved below the 18 and 40 SMA since 5 December. The FKLI contracts (Dec 2018 and Jan, Mar & Jun 2019) remained below par (at a 3.46-points to a 15.46-points discount) against the index on some heavier selling activities. 

Due to the Dow's major plunge of 496.87-points on 14 December, 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 4 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) and to the swing high of 1,826.90 (28 August 2018).

The index remained clearly below the critical 200-day SMA situated at 1,777.46 on 14 December. Medium-to-longer term downside targets of the FBMKLCI are situated at 1,598, 1,585 and 1,520.

Friday, 14 December 2018

14 December 2018 - Some gap-up foreign nibbling activities.


A narrower price band was seen on 13 December, with a 7.79-point range traded between 1,677.91 and 1,670.12. The index gapped up and rose 12.73-points to close at 1,676.00 on some foreign nibbling activities.

Supports at 1,652, 1,664 and 1,675 may be weaker for 14 December, whilst heavy selling at the 1,677, 1,680 and 1,712 resistance areas will cap the index rebounds. Its CCI, DMI, MACD  and Oscillator are negative, whilst its Stochastic has turned positive.

Investors will sell on rallies as the index is in bearish territory and has moved below the 18 and 40 SMA since 5 December. The FKLI contracts (Dec 2018 and Jan, Mar & Jun 2019) turned below par (at a 2.00-points to a 14.00-points discount) against the index on some heavier selling activities. 

Due to the Dow's minor rise of 70.11-points on 13 December, 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 4 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) and to the swing high of 1,826.90 (28 August 2018).

The index remained clearly below the critical 200-day SMA situated at 1,778.43 on 13 December. Medium-to-longer term downside targets of the FBMKLCI are situated at 1,598, 1,585 and 1,520.

Thursday, 13 December 2018

13 December 2018 - Sell into rallies.


A narrower price band was seen on 12 December, with a 11.23-point range traded between 1,667.70 and 1,656.47. The index rose 10.64-points to close at 1,663.27 on some buying activities.

Supports at 1,630, 1,652 and 1,662 will be weaker for 13 December, whilst heavy selling at the 1,664, 1,680 and 1,700 resistance areas will cap the index rebounds. 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 5 December. The FKLI contracts (Dec 2018 and Jan, Mar & Jun 2019) turned around par (at a 0.23-points premium to a 10.77-points discount) against the index on position adjustment activities. 

Due to the Dow's major rise of 157.03-points on 12 December, the local index will see price movements between the supports and resistances mentioned above today. An obvious drop below the 1,670-support level has triggered a Descending Triangle breakdown, with downside target of 1,598.

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 4 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) and to the swing high of 1,826.90 (28 August 2018).

The index remained clearly below the critical 200-day SMA situated at 1,779.34 on 12 December. Medium-to-longer term downside targets of the FBMKLCI are situated at 1,598, 1,585 and 1,520.

Wednesday, 12 December 2018

12 December 2018 - Break of 1,657 sets a downward FBMKLCI Wave-C into motion.


A wider price band was seen on 11 December, with a 13.06-point range traded between 1,665.69 and 1,652.63. The index tumbled 10.68-points to close at the day's low of 1,652.63 on obvious foreign institutional selling activities.

Supports at 1,614, 1,616 and 1,630 will be weaker for 12 December, whilst heavy selling at the 1,652, 1,676 and 1,680 resistance areas will cap the index rebounds. 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 5 December. The FKLI contracts (Dec 2018 and Jan, Mar & Jun 2019) turned below par (at an enlarging 3.63-points to a 14.13-points discount) against the index on very heavy selling activities. 

Due to the Dow's minor decline of 53.02-points on 11 December, the local index will see price movements towards the supports mentioned above today. An obvious drop below the 1,670-support level has triggered a Descending Triangle breakdown, with downside target of 1,598.

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 4 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) and to the swing high of 1,826.90 (28 August 2018).

The index remained clearly below the critical 200-day SMA situated at 1,780.21 on 11 December. Medium-to-longer term downside targets of the FBMKLCI are situated at 1,598, 1,585 and 1,520.



Tuesday, 11 December 2018

11 December 2018 - Descending Triangle breakdown! Target 1,598!


A wider price band was seen on 10 December, with an 11.86-point range traded between 1,674.67 and 1,662.81. The index tumbled 17.23-points to close at 1,663.31 on heavy foreign institutional selling activities.

Supports at 1,630, 1,657 and 1,662 will be weaker for 11 December, whilst heavy selling at the 1,663, 1,680 and 1,700 resistance areas will cap the index rebounds. 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 5 December. The FKLI contracts (Dec 2018 and Jan, Mar & Jun 2019) turned below par (at a 0.81-points to a 12.31-points discount) against the index on some heavy selling activities. 

Despite the Dow's minor rise of 34.31-points on 10 December, the local index will see price movements towards the supports mentioned above today. An obvious drop below the 1,670-support level has triggered a Descending Triangle breakdown, with downside target of 1,598.

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 4 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) and to the swing high of 1,826.90 (28 August 2018).

The index remained clearly below the critical 200-day SMA situated at 1,781.12 on 10 December. Medium-to-longer term downside targets of the FBMKLCI are situated at 1,600, 1,598 and 1,539.

Sunday, 9 December 2018

10 December 2018 - Still further steep plunges for Dow and world markets to come.


A narrower price band was seen on 7 December, with a 7.76-point range traded between 1,684.36 and 1,676.60. The index fell 2.80-points to close at 1,680.54 on some foreign institutional selling activities.

Supports at 1,630, 1,657 and 1,670 will be weaker for 10 December, whilst heavy selling at the 1,680, 1,700 and 1,712 resistance areas will cap the index rise. Its CCI, DMI, Stochastic and Oscillator are negative, but its 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 5 December. The FKLI contracts (Dec 2018 and Jan, Mar & Jun 2019) turned around par (at a 2.46-points premium to a 10.04-points discount) against the index on some position adjustment activities. 

Due to the Dow's mega-plunge of 558.72-points on 7 December, the local index will see price movements towards the supports mentioned above today. An inevitable drop below the 1,670-support level will trigger a Descending Triangle breakdown, with downside target of 1,598.

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 4 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) and to the swing high of 1,826.90 (28 August 2018).

The index remained clearly below the critical 200-day SMA situated at 1,781.97 on 7 December. Medium-to-longer term downside targets of the FBMKLCI are situated at 1,633, 1,598 and 1,575.

Friday, 7 December 2018

7 December 2018 - Why buy now when there will be a Descending Triangle breakdown?



A wider price band was seen on 6 December, with a 15.61-point range traded between 1,686.49 and 1,670.88. The index fell 4.93-points to close at 1,683.34 on some foreign institutional selling activities.

Supports at 1,630, 1,657 and 1,670 will be weaker for 7 December, whilst heavy selling at the 1,683, 1,700 and 1,712 resistance areas will cap the index rise. Its CCI, DMI, Stochastic and Oscillator are negative, but its 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 5 December. The FKLI contracts (Dec 2018 and Jan, Mar & Jun 2019) turned below par (at a 0.84-points to a 13.84-points discount) against the index on some heavy selling activities. 

Due to the Dow's small decline of 79.40-points on 6 December, the local index will see price movements towards the supports mentioned above today. An inevitable drop below the 1,670-support level will trigger a Descending Triangle breakdown, with downside target of 1,598.

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 4 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) and to the swing high of 1,826.90 (28 August 2018).

The index remained clearly below the critical 200-day SMA situated at 1,782.72 on 6 December. Medium-to-longer term downside targets of the FBMKLCI are situated at 1,633, 1,598 and 1,575.

Thursday, 6 December 2018

6 December 2018 - Still within the Symmetrical Triangle.


A narrower price band was seen on 5 December, with a 5.57-point range traded between 1,688.60 and 1,683.03. The index fell 6.72-points to close at 1,688.27 on some local institutional selling activities.

Supports at 1,670, 1,678 and 1,686 may be weaker for 6 December, whilst heavy selling at the 1,688, 1,712 and 1,726 resistance areas will cap the index rise. Its CCI, DMI and Oscillator are negative, but its MACD and Stochastic are positive.

Investors may sell on rallies as the index is in bearish territory and has moved below the 18 and 40 SMA since 5 December. The FKLI contracts (Dec 2018 and Jan, Mar & Jun 2019) remained around par (at a 1.73-points premium to an 11.27-points discount) against the index on some position adjustment activities. 

Due to the FTSE-100's large plunge of 100.42-points on 5 December, 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 4 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) and to the swing high of 1,826.90 (28 August 2018).

The index remained clearly below the critical 200-day SMA situated at 1,783.40 on 5 December. Medium-to-longer term downside targets of the FBMKLCI are situated at 1,633, 1,605 and 1,575.

Wednesday, 5 December 2018

5 December 2018 - Ugly Dow plunge of 799-points will adversely impact the FBMKLCI.


A narrower price band was seen on 4 December, with a 9.63-point range traded between 1,698.51 and 1,688.99. The index fell 4.73-points to close at 1,694.99 on some local institutional selling activities.

Supports at 1,657, 1,678 and 1,688 will be weaker for 5 December, whilst heavy selling at the 1,694, 1,712 and 1,726 resistance areas will cap the index rise. Its CCI, DMI and Oscillator are negative, but its MACD and Stochastic are positive.

Investors may range trade as the index is in neutral territory and has moved between the 18 and 40 SMA since 3 December. The FKLI contracts (Dec 2018 and Jan, Mar & Jun 2019) turned around par (at a 2.51-points premium to a 10.99-points discount) against the index on some position adjustment activities. 

Due to the Dow's massive plunge of 799.36-points on 4 December, 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 4 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) and to the swing high of 1,826.90 (28 August 2018).

The index remained clearly below the critical 200-day SMA situated at 1,784.16 on 4 December. Medium-to-longer term downside targets of the FBMKLCI are situated at 1,633, 1,605 and 1,575.

Tuesday, 4 December 2018

4 December 2018 - Mind the USA markets' gap-up move.


A narrower price band was seen on 3 December, with a 14.93-point range traded between 1,700.67 and 1,685.74. The index rose 19.86-points to close at 1,699.72 on some lower volume local buying activities.

Supports at 1,670, 1,685 and 1,699 may be obvious for 4 December, whilst heavy selling at the 1,702, 1,712 and 1,726 resistance areas will cap the index rise. Its DMI and Oscillator are negative, but its CCI, MACD and Stochastic are positive.

Investors may range trade as the index is in neutral territory and has moved between the 18 and 40 SMA since 3 December. The FKLI contracts (Dec 2018 and Mar & Jun 2019) turned below par (at a 6.22-points to an 18.72-points discount) against the index on some heavy selling activities. 

Due to the Dow's major rise of 287.97-points on 3 December, 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 4 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) and to the swing high of 1,826.90 (28 August 2018).

The index remained clearly below the critical 200-day SMA situated at 1,784.87 on 3 December. Medium-to-longer term downside targets of the FBMKLCI are situated at 1,633, 1,605 and 1,575. 

Sunday, 2 December 2018

3 December 2018 - No respite for the FBMKLCI despite Dow's rise.


A much wider price band was seen on 30 November, with a 25.53-point range traded between 1,702.98 and 1,677.45. The index tumbled 16.48-points to close at 1,679.86 on some high volume selling activities.

Supports at 1,657, 1,670 and 1,678 will be weaker for 3 December, whilst heavy selling at the 1,679, 1,702 and 1,712 resistance areas will cap the index rise. Its CCI, DMI, Stochastic and Oscillator are negative, but its 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 21 November. The FKLI contracts (Dec 2018 and Mar & Jun 2019) turned around par (at a 6.14-points premium to a 8.36-points discount) against the index on some position adjustment activities. 

Despite the Dow's major rise of 199.62-points on 30 November, the local index will see price movements toward 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 4 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) and to the swing high of 1,826.90 (28 August 2018).

The index remained clearly below the critical 200-day SMA situated at 1,785.43 on 30 November. Medium-to-longer term downside targets of the FBMKLCI are situated at 1,633, 1,605 and 1,575. 

Friday, 30 November 2018

1 December 2018 - Combining Powerful Fundamental and Technical Analysis Stock Selection Methods.


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30 November 2018 - May pressurise supports today.


A narrower price band was seen on 29 November, with a 7.78-point range traded between 1,702.63 and 1,694.85. The index gapped up and rose 9.79-points to close at 1,696.34 on some local and foreign buying activities.

Supports at 1,657, 1,678 and 1,690 may be obvious for 30 November, whilst heavy selling at the 1,696, 1,702 and 1,726 resistance areas will cap the index rise. Its CCI, DMI, Stochastic and Oscillator are negative, but its 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 21 November. The FKLI contracts (Nov & Dec 2018 and Mar & Jun 2019) turned below par (at a 1.34-points to a 12.84-points discount) against the index on some selling activities. 

Due to the Dow's minor decline of 27.69-points on 29 November, the local index will see price movements toward 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 4 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) and to the swing high of 1,826.90 (28 August 2018).

The index remained clearly below the critical 200-day SMA situated at 1,786.30 on 29 November. Medium-to-longer term downside targets of the FBMKLCI are situated at 1,633, 1,605 and 1,575. 

Thursday, 29 November 2018

29 November 2018 - Mind the FBMKLCI gap-up move.


A narrower price band was seen on 28 November, with a 10.23-point range traded between 1,688.71 and 1,678.48. The index inched up 1.58-points to close at 1,686.55 on some minor local nibbling activities.

Supports at 1,657, 1,678 and 1,685 may be obvious for 29 November, whilst heavy selling at the 1,687, 1,701 and 1,726 resistance areas will cap the index rise. Its CCI, DMI, Stochastic and Oscillator are negative, but its 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 21 November. The FKLI contracts (Nov & Dec 2018 and Mar & Jun 2019) turned around par (at a 0.95-points premium to a 11.05-points discount) against the index on some position adjustment activities. 

Due to the Dow's massive rise of 617.70-points on 28 November, 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 4 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) and to the swing high of 1,826.90 (28 August 2018).

The index remained clearly below the critical 200-day SMA situated at 1,787.17 on 28 November. Medium-to-longer term downside targets of the FBMKLCI are situated at 1,633, 1,605 and 1,575. 

Wednesday, 28 November 2018

28 November 2018 - Imminent Symmetrical Triangle breakdown, with 1,605 target.


A wider price band was seen on 27 November, with a 15.94-point range traded between 1,699.09 and 1,683.15. The index tumbled 17.02-points to close at 1,684.97 on some heavy foreign selling activities.

Supports at 1,657, 1,670 and 1,678 may be weaker for 28 November, whilst heavy selling at the 1,684, 1,701 and 1,712 resistance areas will cap the index rise. Its CCI, DMI, Stochastic and Oscillator are negative, but its 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 21 November. The FKLI contracts (Nov & Dec 2018 and Mar & Jun 2019) turned below par (at a 0.97-points to a 12.97-points discount) against the index on some heavy selling activities. 

Due to the Dow's major rise of 108.49-points on 27 November, 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 4 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) and to the swing high of 1,826.90 (28 August 2018).

The index remained clearly below the critical 200-day SMA situated at 1,788.08 on 27 November. Medium-to-longer term downside targets of the FBMKLCI are situated at 1,633, 1,605 and 1,575.