Monday, 27 March 2017

28 Mar 2017 - Persistently softer.


A narrow price band was seen on 27 Mar, with a 6.02-point range traded between 1,750.35 and 1,744.33. The index fell by 0.80-points on persistent profit taking activities to settle near the day's low at 1,744.95. 

Supports at 1,729, 1,738 and 1,742 will be weaker for 28 Mar, whilst profit taking at the 1,744, 1,757 and 1,766 resistance areas will emerge. Four indicators (CCI, DMI, MACD and Oscillator) we monitor are now positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). 

Investors may take profit on rallies, as the index turned into positive territory and moved above the 18 and 40 SMA. However, the FKLI contracts (Mar, Apr, Jun & Sep 2017) turned around par (ranging from 0.45-points discount to 2.55-points premium) against the index on position adjustment activities. Profit-taking activities may emerge after a major Wave 3 high was seen at 1,757.99 (21 Mar).

Due to the US markets' weaker performance, the index may be softer today. Obvious bearish divergence on its CCI and MACD Histogram may cause some heavy selling on rallies for the FBMKLCI today.

Sunday, 26 March 2017

27 Mar 2017 - A softer tone may persist.


A narrow price band was seen on 24 Mar, with a 4.18-point range traded between 1,749.61 and 1,745.43. The index fell by 1.25-points on persistent profit taking activities to settle near the day's low at 1,745.75. 

Supports at 1,729, 1,738 and 1,743 will be weaker for 27 Mar, whilst profit taking at the 1,745, 1,757 and 1,766 resistance areas will emerge. Four indicators (CCI, DMI, MACD and Oscillator) we monitor are now positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). 

Investors may take profit on rallies, as the index turned into positive territory and moved above the 18 and 40 SMA. However, the FKLI contracts (Mar, Apr, Jun & Sep 2017) turned above par (ranging from 2.25-points to 5.75-points premium) against the index on nibbling activities. Profit-taking activities may emerge after a major Wave 3 high was seen at 1,757.99 (21 Mar).

Due to the US markets' weaker performance, the index may be softer today. Obvious bearish divergence on its CCI and MACD Histogram may cause some heavy selling on rallies for the FBMKLCI today.

Thursday, 23 March 2017

24 Mar 2017 - Yet another softer close today.


A narrow price band was seen on 23 Mar, with a 6.76-point range traded between 1,753.76 and 1,747.00. The index fell by 1.30-points on late selling activities to settle at the day's low of 1,747.00. 

Supports at 1,729, 1,738 and 1,744 will be weaker for 24 Mar, whilst profit taking at the 1,747, 1,757 and 1,766 resistance areas will emerge. Four indicators (CCI, DMI, MACD and Oscillator) we monitor are now positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). 

Investors may take profit on rallies, as the index turned into positive territory and moved above the 18 and 40 SMA. However, the FKLI contracts (Mar, Apr, Jun & Sep 2017) turned above par (ranging from 3.00-points to 6.50-points premium) against the index on nibbling activities. Profit-taking activities may emerge after a major Wave 3 high was seen at 1,757.99 (21 Mar).

Due to the US markets' weaker performance, the index may be softer today. Obvious bearish divergence on its CCI and MACD Histogram may cause some heavy selling on rallies for the FBMKLCI today.

Wednesday, 22 March 2017

23 Mar 2017 - Selling on rallies may be wise


A wider price band was seen on 22 Mar, with a 9.90-point range traded between 1,748.30 and 1,738.40. The index gapped down and fell by 6.37-points despite late nibbling activities to settle at the day's high of 1,748.30. 

Supports at 1,729, 1,738 and 1,746 will be weaker for 23 Mar, whilst profit taking at the 1,748, 1,757 and 1,766 resistance areas will emerge. Four indicators (CCI, DMI, MACD and Oscillator) we monitor are now positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). 

Investors may take profit on rallies, as the index turned into positive territory and moved above the 18 and 40 SMA. However, the FKLI contracts (Mar, Apr, Jun & Sep 2017) turned around par (ranging from 2.80-points discount to 2.70-points premium) against the index on position adjustment activities. Profit-taking activities may emerge after a major Wave 3 high was seen at 1,757.99 (21 Mar).

Despite the US markets' mixed performance, the index may be softer today. Obvious bearish divergence on its CCI, MACD Histogram and Oscillator may cause some heavy selling on rallies for the FBMKLCI today.

Tuesday, 21 March 2017

22 Mar 2017. Dow plunges. Very heavy selling on the FBMKLCI.


A narrower price band was seen on 21 Mar, with a 9.17-point range traded between 1,757.99 and 1,748.82. The index inched up by 5.26-points on heavy buying activities to settle at 1,754.67. 

Supports at 1,729, 1,734 and 1,749 may be weaker for 22 Mar, whilst profit taking at the 1,754, 1,758 and 1,766 resistance areas may emerge. All five indicators (CCI, DMI, MACD, Stochastic and Oscillator) we monitor are now positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). 

Investors may take profit on rallies, as the index turned into positive territory and moved above the 18 and 40 SMA. However, the FKLI contracts (Mar, Apr, Jun & Sep 2017) turned above par (ranging from 2.33-points to 8.33-points premium) against the index on nibbling activities. Profit-taking activities may emerge after a major Wave 3 high was seen at 1,757.99 (21 Mar).

With the US markets large overnight plunge, the index may be softer today. Obvious bearish divergence on its CCI, MACD Histogram and Oscillator will cause some very heavy selling on the FBMKLCI today.

Monday, 20 March 2017

21 Mar 2017 - Inching up on high volume


A wide price band was seen on 20 Mar, with a 11.19-point range traded between 1,755.26 and 1,744.07. The index inched up by 4.21-points on heavy buying activities to settle at 1,749.41. 

Supports at 1,729, 1,734 and 1,749 may be obvious for 21 Mar, whilst profit taking at the 1,752, 1,755 and 1,772 resistance areas may emerge. All five indicators (CCI, DMI, MACD, Stochastic and Oscillator) we monitor are now positive, signalling that a further medium-term price rise will be possible (as the index held above 1,651.45). 

Investors may buy on dips, as the index turned into positive territory and moved above the 18 and 40 SMA. However, the FKLI contracts (Mar, Apr, Jun & Sep 2017) turned around par (ranging from 3.41-points discount to 2.59-points premium) against the index on position adjustment activities. Buying activities may emerge after a minor Wave 4 low was seen at 1,713.55 (10 Mar).

Sunday, 19 March 2017

20 Mar 2017 - Ability to test higher levels


A very wide price band was seen on 17 Mar, with a 12.45-point range traded between 1,752.10 and 1,739.65. The index gapped up by 8.06-points on very heavy buying activities to settle at 1,745.20. 

Supports at 1,724, 1,734 and 1,745 will be obvious for 20 Mar, whilst profit taking at the 1,748, 1,752 and 1,760 resistance areas may emerge. All five indicators (CCI, DMI, MACD, Stochastic and Oscillator) we monitor are now positive, signalling that a further medium-term price rise will be possible (as the index held above 1,651.45). 

Investors will buy on dips, as the index turned into positive territory and moved above the 18 and 40 SMA. However, the FKLI contracts (Mar, Apr, Jun & Sep 2017) turned above par (ranging from 0.80-points to 11.30-points premium) against the index on position adjustment activities. Buying activities will emerge after a minor Wave 4 low was seen at 1,713.55 (10 Mar).

Thursday, 16 March 2017

17 Mar 2017 - Broke 1,734. Charging towards 1,744 next.


A wider price band was seen on 16 Mar, with a 11.90-point range traded between 1,738.02 and 1,726.12. The index surged by a 19.78-points on firm buying activities to settle at 1,737.14. 

Supports at 1,713, 1,724 and 1,737 will be obvious for 17 Mar, whilst profit taking at the 1,744, 1,748 and 1,760 resistance areas may emerge. All five indicators (CCI, DMI, MACD, Stochastic and Oscillator) we monitor are now positive, signalling that a further medium-term price rise will be possible (as the index held above 1,651.45). 

Investors will buy on dips, as the index turned into positive territory and moved above the 18 and 40 SMA. However, the FKLI contracts (Mar, Apr, Jun & Sep 2017) turned above par (ranging from 0.36-points to 6.86-points premium) against the index on position adjustment activities. Buying activities will emerge after a minor Wave 4 low was seen at 1,713.55 (10 Mar).

Wednesday, 15 March 2017

16 Mar 2017 - A softer tone ahead of FOMC


A narrow price band was seen on 15 Mar, with a 5.35-point range traded between 1,719.27 and 1,713.92. The index fell by a 5.11-points on selling activities to settle at 1,717.36. 

Supports at 1,700, 1,713 and 1,715 may be obvious for 16 Mar, whilst profit taking at the 1,717, 1,724 and 1,734 resistance areas will persist. Four indicators (CCI, DMI, Stochastic and Oscillator) we monitor are now positive, signalling that a further medium-term price rise will be possible (as the index held above 1,651.45). 

Investors may nibble on dips, as the index turned into positive territory and moved above the 18 and 40 SMA. However, the FKLI contracts (Mar, Apr, Jun & Sep 2017) turned around par (ranging from 0.86-points discount to 5.64-points premium) against the index on position adjustment activities. Buying activities may emerge after a minor Wave 4 low was seen at 1,713.55 (10 Mar).

Tuesday, 14 March 2017

15 Mar 2017 - A "uncertain" Doji close despite very high volumes


A wider price band was seen on 14 Mar, with a 8.87-point range traded between 1,727.99 and 1,719.12. The index rose by a mere 0.55-points on very heavy buying activities to settle at 1,722.47. 

Supports at 1,700, 1,713 and 1,722 may be obvious for 15 Mar, whilst profit taking at the 1,724, 1,734 and 1,744 resistance areas will persist. Four indicators (CCI, DMI, Stochastic and Oscillator) we monitor are now positive, signalling that a further medium-term price rise will be possible (as the index held above 1,651.45). 

Investors may nibble on dips, as the index turned into positive territory and moved above the 18 and 40 SMA. However, the FKLI contracts (Mar, Apr, Jun & Sep 2017) turned above par (ranging from 1.53-points to 7.06-points premium) against the index on buying activities. Buying activities may persist after a minor Wave 4 low was seen at 1,713.55 (10 Mar).

Monday, 13 March 2017

14 Mar 2017 - Minor low sighted at 1,713.55


A narrow price band was seen on 13 Mar, with a 6.90-point range traded between 1,722.25 and 1,715.35. The index rose by 4.34-points on heavy buying activities to settle at 1,721.92. 

Supports at 1,700, 1,713 and 1,721 will be obvious for 14 Mar, whilst profit taking at the 1,724, 1,734 and 1,744 resistance areas will persist. Three indicators (CCI, DMI and Oscillator) we monitor are now positive, signalling that a further medium-term price rise will be possible (as the index held above 1,651.45). 

Investors may buy on dips, as the index turned into positive territory and moved above the 18 and 40 SMA. However, the FKLI contracts (Mar, Apr, Jun & Sep 2017) turned above par (ranging from 3.08-points to 11.58-points premium) against the index on buying activities. Buying activities may persist after a minor Wave 4 low was seen at 1,713.55 (10 Mar).

Sunday, 12 March 2017

13 Mar 2017 - Narrowly higher on nibbling


A narrower price band was seen on 10 Mar, with a 4.47-point range traded between 1,718.02 and 1,717.58. The index inched up by 0.16-points on minor nibbling activities to settle at 1,717.58. 

Supports at 1,690, 1,700 and 1,716 may be weaker for 13 Mar, whilst heavy profit taking at the 1,717, 1,724 and 1,734 resistance areas will persist. Four indicators (CCI, DMI, MACD and Oscillator) we monitor are now positive, signalling that a further medium-term price rise will be possible (as the index held above 1,651.45). 

Investors may take profit on rallies, as the index turned into positive territory and moved above the 18 and 40 SMA. However, the FKLI contracts (Mar, Apr, Jun & Sep 2017) turned around par (ranging from 1.08-points  discount to 7.92-points premium) against the index on position adjustment activities. Profit taking activities may persist after a Wave 3 high was seen at 1,734.07 (7 Mar).

Thursday, 9 March 2017

10 Mar 2017 - Heavy profit taking activities


A narrow price band was seen on 9 Mar, with a 6.98-point range traded between 1,724.40 and 1,717.42. The index tumbled by 8.12-points on heavy volume selling activities to settle at the day's low of 1,717.42. 

Supports at 1,690, 1,700 and 1,712 may be weaker for 10 Mar, whilst heavy profit taking at the 1,717, 1,724 and 1,734 resistance areas will persist. Four indicators (CCI, DMI, MACD and Oscillator) we monitor are now positive, signalling that a further medium-term price rise will be possible (as the index held above 1,651.45). 

Investors may take profit on rallies, as the index turned into positive territory and moved above the 18 and 40 SMA. However, the FKLI contracts (Mar, Apr, Jun & Sep 2017) turned around par (ranging from 3.08-points  premium to 13.54-points discount) against the index on position adjustment activities. Profit taking activities will persist after a Wave 3 high was seen at 1,734.07 (7 Mar).

Wednesday, 8 March 2017

9 Mar 2017 - Profit taking from a new recent high


A narrower price band was seen on 8 Mar, with a 5.32-point range traded between 1,730.16 and 1,724.84. The index inched down by 3.12-points on minor selling activities to settle at 1,725.54. 

Supports at 1,700, 1,712 and 1,723 will be obvious for 9 Mar, whilst some profit taking at the 1,725, 1,734 and 1,744 resistance areas may persist. Five indicators (CCI, DMI, MACD, Oscillator and Stochastic) we monitor are now positive, signalling that a further medium-term price rise will be possible (as the index held above 1,651.45). 

Investors will buy on weakness, as the index turned into positive territory and moved above the 18 and 40 SMA. However, the FKLI contracts (Mar, Apr, Jun & Sep 2017) turned around par (ranging from 4.96-points  premium to 5.04-points discount) against the index on position adjustment activities. Buying activities will persist after a Wave 3 high was seen at 1,719.76 (21 Feb) and a Wave 4 low was sighted at 1,690.64 (28 Feb).

Tuesday, 7 March 2017

Meet me at Jaya1 on 9 Mar 2017 (7pm) to learn new trading techniques


Come and meet me at JayaOne on Thursday, 9 March 2017 at 7pm to learn new trading techniques for much better returns.

http://mnsglo.com/?event=4-night-investment-marathon-thu&event_date=2017-03-09


8 Mar 2017 - Inching up to 1,734 & 1,744.


A narrower price band was seen on 7 Mar, with a 9.05-point range traded between 1,734.07 and 1,725.02. The index inched up by 1.30-points on minor buying activities to settle at 1,728.66. 

Supports at 1,706, 1,724 and 1,728 will be obvious for 8 Mar, whilst some profit taking at the 1,734, 1,736 and 1,744 resistance areas may persist. Five indicators (CCI, DMI, MACD, Oscillator and Stochastic) we monitor are now positive, signalling that a further medium-term price rise will be possible (as the index held above 1,651.45). 

Investors will buy on weakness, as the index turned into positive territory and moved above the 18 and 40 SMA. However, the FKLI contracts (Mar, Apr, Jun & Sep 2017) turned around par (ranging from 3.34-points  premium to 7.66-points discount) against the index on position adjustment activities. Buying activities will persist after a Wave 3 high was seen at 1,719.76 (21 Feb) and a Wave 4 low was sighted at 1,690.64 (28 Feb).

Monday, 6 March 2017

7 Mar 2017 - Broke 1,719. Poised to attack 1,729 & 1,744.


A much wider price band was seen on 6 Mar, with a 21.15-point range traded between 1,727.36 and 1,706.21. The index surged up by 18.98-points on strong buying activities to settle at the day's high of 1,727.36. 

Supports at 1,700, 1,706 and 1,727 will be obvious for 7 Mar, whilst some profit taking at the 1,729, 1,736 and 1,744 resistance areas may persist. Five indicators (CCI, DMI, MACD, Oscillator and Stochastic) we monitor are now positive, signalling that a further medium-term price rise will be possible (as the index held above 1,651.45). 

Investors will buy on weakness, as the index turned into positive territory and moved above the 18 and 40 SMA. However, the FKLI contracts (Mar, Apr, Jun & Sep 2017) turned around par (ranging from 1.64-points  premium to 8.36-points discount) against the index on position adjustment activities. Buying activities will persist after a Wave 3 high was seen at 1,719.76 (21 Feb) and a Wave 4 low was sighted at 1,690.64 (28 Feb).

Friday, 3 March 2017

6 Mar 2017 - A good weekly close, albeit down on day-on-day.


A wide price band was seen on 3 Mar, with a 11.70-point range traded between 1,716.03 and 1,704.33. The index closed down by 7.29-points on profit-taking activities in tandem with a softer DJIA to settle at 1,708.38. 

Supports at 1,690, 1,700 and 1,704 may be obvious for 6 Mar, whilst some profit taking at the 1,708, 1,716 and 1,719 resistance areas may persist. Four indicators (CCI, DMI, Oscillator and Stochastic) we monitor are now positive, signalling that a further medium-term price rise will be possible (as the index held above 1,651.45). 

Investors may buy on weakness, as the index turned into positive territory and moved above the 18 and 40 SMA. However, the FKLI contracts (Mar, Apr, Jun & Sep 2017) turned around par (ranging from 1.12-points  premium to 8.38-points discount) against the index on position adjustment activities. Buying activities may persist after a Wave 3 high was seen at 1,719.76 (21 Feb) and a Wave 4 low was sighted at 1,690.64 (28 Feb).

Thursday, 2 March 2017

3 March 2017 - Correction to 1,690 is over. Re-focus on 1,719 & 1,729.


A wider price band was seen on 2 Mar, with a 16.00-point range traded between 1,717.14 and 1,701.14. The index closed up by 17.98-points on firm bargain hunting activities to settle at 1,715.67. 

Supports at 1,690, 1,700 and 1,715 may be obvious for 3 Mar, whilst some profit taking at the 1,719, 1,724 and 1,729 resistance areas may persist. Four indicators (CCI, DMI, Oscillator and Stochastic) we monitor are now positive, signalling that a further medium-term price rise will be possible (as the index held above 1,651.45). 

Investors may buy on weakness, as the index turned into positive territory and moved above the 18 and 40 SMA. However, the FKLI contracts (Mar, Apr, Jun & Sep 2017) remained below par (ranging from 4.17-points  to 13.67-points discount) against the index on selling activities. Buying activities may persist after a Wave 3 high was seen at 1,719.76 (21 Feb) and a Wave 4 low was sighted at 1,690.64 (28 Feb).

Wednesday, 1 March 2017

Meet me at Jaya1 on 4 Mar 2017 (9am) to learn new trading techniques


Come and meet me at JayaOne at 4 March 2017 at 9am to learn new trading techniques for better returns.

http://mnsglo.com/?event=traders-tavern-petaling-jaya-4&event_date=2017-03-04



2 Mar 2017 - Some buying support seen from 1,690


A wider price band was seen on 1 Mar, with a 8.80-point range traded between 1,701.13 and 1,692.33. The index closed up by 3.92-points on some bargain hunting activities to settle at 1,697.69. 

Supports at 1,679, 1,690 and 1,697 may be obvious for 2 Mar, whilst some profit taking at the 1,701, 1,705 and 1,719 resistance areas may persist. Two indicators (DMI and Oscillator) we monitor are now positive, signalling that a further medium-term price rise will be possible (as the index held above 1,651.45). 

Investors may take profit on rallies, as the index turned into neutral territory and moved between the 18 and 40 SMA. However, the FKLI contracts (Mar, Apr, Jun & Sep 2017) moved around par (ranging from 1.31-points premium to 3.19-points discount) against the index on position adjustment activities. Selling activities may persist after a Wave 3 high was seen at 1,719.76 on 21 Feb. 

Since the index broke below the DTO support line of 1,705.73, we expect a retracement phase towards 1,679 in the near future. Three indicators (CCI, MACD and Stochastics) have issued sell signals and this supports the case for an index retracement phase to 1,679. 

Tuesday, 28 February 2017

1 Mar 2017 - May break below 1,690


A narrow price band was seen on 28 Feb, with a 6.61-point range traded between 1,697.25 and 1,690.64. The index closed down by 0.07-points on minor profit-taking activities to settle at 1,693.77. 

Supports at 1,676, 1,679 and 1,690 may be weaker for 1 Mar, whilst heavy profit taking at the 1,693, 1,705 and 1,714 resistance areas may persist. Two indicators (DMI and Oscillator) we monitor are now positive, signalling that a further medium-term price rise will be possible (as the index held above 1,651.45). 

Investors may take profit on rallies, as the index turned into neutral territory and moved between the 18 and 40 SMA. However, the FKLI contracts (Mar, Jun & Sep 2017) moved around par (ranging from 1.23-points premium to 7.77-points discount) against the index on position adjustment activities. Selling activities may persist after a Wave 3 high was seen at 1,719.76 on 21 Feb. 

Since the index broke below the DTO support line of 1,705.73, we expect a retracement phase towards 1,679 in the near future. Three indicators (CCI, MACD and Stochastics) have issued sell signals and this supports the case for an index retracement phase to 1,679. 

Monday, 27 February 2017

28 Feb 2017 - Headed down to 1,679.


A larger price band was seen on 27 Feb, with a 11.65-point range traded between 1,705.49 and 1,693.84. The index closed down by 4.64-points on heavy profit-taking activities to settle at the day's low of 1,693.84. 

Supports at 1,676, 1,679 and 1,691 may be weaker for 28 Feb, whilst heavy profit taking at the 1,693, 1,705 and 1,714 resistance areas may persist. Two indicators (DMI and Oscillator) we monitor are now positive, signalling that a further medium-term price rise will be possible (as the index held above 1,651.45). 

Investors may take profit on rallies, as the index turned into neutral territory and moved between the 18 and 40 SMA. However, the FKLI contracts (Feb, Mar, Jun & Sep 2017) moved around par (ranging from 1.16-points premium to 6.84-points discount) against the index on heavy selling activities. Selling activities may persist after a Wave 3 high was seen at 1,719.76 on 21 Feb. 

Since the index broke below the DTO support line of 1,705.73, we expect a retracement phase towards 1,679 in the near future. Three indicators (CCI, MACD and Stochastics) have issued sell signals and this supports the case for an index retracement phase. 

Friday, 24 February 2017

27 Feb 2017 - A break of 1,695 means a visit to 1,679.


A larger price band was seen on 24 Feb, with a 10.83-point range traded between 1,707.31 and 1,696.48. The index closed down by 6.13-points on heavier profit-taking activities to settle at 1,698.35. 

Supports at 1,676, 1,691 and 1,696 may be weaker for 27 Feb, whilst heavy profit taking at the 1,698, 1,707 and 1,717 resistance areas may persist. Three indicators (CCI, DMI and Oscillator) we monitor are now positive, signalling that a further medium-term price rise will be possible (as the index held above 1,651.45). 

Investors may take profit on rallies, despite the index turning into positive territory and staying above the 18 and 40 SMA. However, the FKLI contracts (Feb, Mar, Jun & Sep 2017) remained below par (ranging from 0.85-points to 8.85-points discount) against the index on heavy selling activities. Selling activities may persist after a Wave 3 high was seen at 1,719.76 on 21 Feb. 

Since the index broke below the DTO support line of 1,705.73, we expect a retracement phase towards 1,695 and 1,679 in the near future. Two indicators (MACD and Stochastics) have issued sell signals and this supports the case for an index retracement phase.