Thursday, September 15, 2016

The KLCI Near The Critical Zone (Major Support) 1,659 Points.


Based on the chart reading, the KLCI is heading to another low as at 14.09.2016. Right now we can see the index just sit on top of the 200 days moving average as we can consider it as a support. Breaking 1,659 points would means that the KLCI might be heading lower.

Right now the Dow Jones is not really doing well after some news pouring out stated that the FEB might raise the interest as in near term. 

Indicators like MACD Histogram now flashing RED color suggest the index is weak and the signal still in selling position. Based on the markets momentum many equities still looks very weak and some even created a new low. 

Monday, August 15, 2016

KLCI Might Be Heading To 1,700 Points.

Seeing from the chart the KLCI have cross over the 1,675 points. It seems that there was no limit until the index reach 1,700 points. The MACD also cross over suggesting that the KLCI will move forward and with the MACD Histogram turning green, the index will have more potential to move higher.



Monday, August 8, 2016

Any Potential For The KLCI To Break Out At 1,675 Points ?

Based from the chart reading, the KLCI now trending at a bit positive upside. It seems that the 1MDB issue didn't bring any effect to the markets. Malaysia people are use to it already. Corruption won't bring any effect to their life. 

 

Last Friday the MACD Histogram changed from Red to Green colour suggested that the market might have some potential to move higher provided the index must stay and cross above 1,668 points and 1,675 points.

If the index manage to stay above 200 days moving average we will see some positive momentum but right now the MACD still at selling signal suggested we need more time to digest or consolidate. 

Don't forget about the Dow Jones index, we might be seeing another records high being create these few days. Any huge movement on the DOW will sure bring positive outcome to the KLCI.

Friday, July 29, 2016

Next Support For The KLCI at 1,644.00 Points.


This week the KLCI closed on a very quiet momentum. From the indicators it appears the KLCI is heading south at these moments with the next supporting lines at 1,644.00 points (50 days moving average). Breaking this point we might be aiming the next target of 1,615.00 points.

The MACD is crossing over indicate the KLCI is weak and the MACD Histogram also flashing RED colour. At these moments we will call it as a correction or consolidating after recent run up but still the index is below 100 days and 200 days moving average.

If the KLCI want to have positive sign and come up from their bear territory, the index need to move higher and close above 1,668.00 points. With so many negative news surrounding the 1MDB issue it is wise able to trade cautiously with careful approach on certain counters which is moving into positive territory.

Wednesday, June 15, 2016

KLCI Now Look Very Crucial. Maybe 1,600 Points Cannot Hold.

Based on the chart reading, the KLCI have perform the technical rebound. The main resistance was at 200 days moving average which is at around 1,660 points. After touching the main resistance of 200 days moving average the index started to move down. The main support now for the KLCI is around 1,610 points. Breaking this support, we might be heading lower below 1,600 points
 
MACD Histogram indicators showing RED colour stating that the index is weaken with the MACD reading is getting weaker. At these moments the KLCI is trading below 20 days moving average. It is a sign of weakness. Stay out from the equities markets for a while will be a right choice at these moments.   

Monday, May 30, 2016

KLCI Still Below 200 Days Moving Average. Stay At Side Line.

Current KLCI still stay below 200 days moving average. As we can see from the chart, the KLCI has been moving side way for almost 2 weeks. Where was the index is heading to? The indicators are telling us that the momentum is showing strength towards up but the KLCI didn't perform at all.

 
The world equities market especially the world market indexes are moving upwards. Their momentum also showing positive sign with the Dow Jones, Hang Seng and STI also moving up little by little.
 
From here we can see that the KLCI is making a technical rebound but anything can happen in the first place. Stay at the side line before making any decision. As long as the index still trade below 200 days moving average it is advisable to monitor it. 

Tuesday, March 15, 2016

KLCI Must Stay Above The 200 Days Moving Average.


Based on the Monday closing, the KLCI still stay above the 200 days moving average and still waiting for the 20 days moving average to catch up.
 
At these moments where the KLCI will be heading to ? As long as the KLCI managed to stay above the 200 days (1,670 points) we will still have some chances that the KLCI might be moving higher in near terms but we need more time to analysis the whole trend as well as the world equities market.
 
What do you think??? Do you all think that these markets will move higher??? At the moment the KLCI equities are not moving much. They seems to be laggard and moving side way.

Monday, March 7, 2016

KLCI Need To Stay Above 200 Days Moving Average.


Sometimes when we try to predict where the market is heading to based on the charting but out of sudden the world equities market take a turn and move upwards. At these moments the momentum looks so good with the blue chips counters mostly went up already.
 
As we can see from the chart, the KLCI has surpass the 200 days moving average with an average volume increased. As long as the KLCI manage to stay above the 200 days moving average there is still a chance for the KLCI to move higher but it is still too early to tell but if the KLCI close below the 200 days moving average, it would have a negative impact.
 
Well we still need more times and trading days to determine where the KLCI might be heading to but I'm still not really positive about out political situation in Malaysia with so many foreigner investors still stay away from Malaysia equities market. 

Monday, February 29, 2016

KLCI Might Be Heading South In March???


Judging from the chart scenario, it seems the KLCI might heading towards south due to some political situation (2.6 Billion donation) with the suspension of UMNO deputy president  and the weakness in the world equities markets. 

Last week the KLCI cannot even move much after reaching their 200 days moving average. If we examine most of the equities listed, they are not moving much after they stage a technical rebound for the past few weeks and at these moments they show more bearishness rather than bullish move. 

Right now the MACD Histogram is showing sign of RED color, indicate that the market is weak. Hence a careful approach is needed because I'm expecting the KLCI might be moving side way and move further towards 1,600 points. 


Saturday, January 2, 2016

Dow Jones Not Showing Sign Of Continuing Up Trend.


Based on the chart reading the Dow Jones still didn't show any sign of continuing up trend. If we take a look at the chart, each of the high (3 previous high) created for the past two months have not been penetrated.
 
If the last high wasn't taken out, we have to be careful in this new beginning of new year trade. It has been a volatile trading for the past one month with up and down. MACD Histogram just started to flash RED suggesting some weaknesses ahead but it is still early to tell.  


For the KLCI, the indicators reading still look positive. At these moments a correction might set in after some huge surge over the past one week. The resistance of 1,697 need to be taken out before another resistance of 1,727 set in.

Monday, December 14, 2015

KLCI To Continuing It's Downtrend.


As for last Friday closing, the KLCI creating a Lower Low based on chart reading. If we take a look on the chart there are 3 Lower Highs and 3 Lower Lows in the making.

It shows that the market will continue its downtrend. It is quite important to look on this Wednesday night whether the Federal Reserve will make an announcement on interest rate hike.
 
Most people are saying that it is likely the Federal Reserve will raise it. We will wait and see what will happen to the Dow Jones. 

Tuesday, November 17, 2015

There Is A Chances That The KLCI Might Be Moving Forward?


After declining about 38 percent from the high created on 19.10.2015 (1,727.71 point) to a low on 16.11.2015 (1,644.29 point) based on Fibonacci Retracement reading, we might see a rebound after the KLCI manage to show more strength. Indeed the first hurdle that the KLCI must cross is the resistance at 1,697.00 point.
 
 
If this resistance can be taken out we might see a continuing of up trend but if the index fall below 1,644.00 point there might be heading to 1,617.00 points. 
 
No doubt the MACD still in selling signal but today MACD Histogram start to flash Green colour suggesting that the KLCI is gaining strength but the weekly Histogram still in Red colour.
 
From observation in the futures trade we can see that these two days whenever the futures FBMKLCI open at low in the morning session it will close higher in the evening trade however the trend still need to depends on how the Dow Jones Industrial Average is doing.

Saturday, November 14, 2015

KLCI Might Be Facing More Selling Pressure Next Week


As we can see yesterday the Dow Jones Industrial Average was down another -203 points with the MACD Histogram Still flashing RED colour. Indeed we can see the Dow Jones is getting weaker.
 
With Dow Jones weaken, the KLCI also get affected. If we look at the KLCI chart the indicators not really promising with sign of more selling pressure going to happen next week.

 
 
For weekly indicators the MACD Histogram also start to flash RED colour indicated that we might having a very bad week ahead. Just be careful. Our Ringgit also weaken and it is not good for the Malaysian share market as well as the oil prices also plunged heavily. 

Monday, November 9, 2015

Dow Jones Industrial Average Is Getting Weaker. Becareful !!!

There is a possibility that the Dow Jones Industrial Average is going to go down in the near terms. If the rumours that the Federal Reserve is going to raise the interest rate in December than we might see that the Dow Jones might be moving down.

 
There is a divergence reading where by the MACD Histogram is getting weaker and the DOW index is getting higher. If we analyse the MACD Histogram indicators, they are still flashing RED indicates that the DOW is getting weaker. If the MACD cross over happened, there might be some selling activities.
 
If the Dow Jones is going down, we might have another U-Turn movement for the KLCI. It is quite tricky at these moments but based on our current currency, it is getting BAD to WORST. Today the ringgit trade at RM 4.35 for 1 USD.

Friday, October 16, 2015

FBMKLCI Must Overtake 1,740 Point To Be In Positive Side.

After some two weeks of trading, our Malaysia share market finally went up. As I have mention the downside was limited and we can see that the world equities markets also moving up as well.


Based on the chart reading, there is a huge hurdle for the FBMKLCI to overtake that major hurdle of 1,736 points (+, -) with the 200 days moving average (1,740) will stand as a major obstacle.
 
Currently the MACD Histogram flashing some red indicators suggestion that the index is starting to weaken. There is a possibilities we might have a small correction ahead.
 
Will there be another major sell down ahead? Probably maybe towards the year end. At these moments the momentum still looks positive with no bad news surrounding the equities market.

Monday, September 28, 2015

Sydney Morning Herald Wrote That Najib "Risks Becoming An International Pariah"


Based on the chart, it is still unclear where our KLCI is heading to? If we based on the chart it might be moving up and down with limited downside. No doubt the MACD Histogram shows some red, still it is not strong enough to determine that the KLCI might be going down further.
 
With the Ringgit still keep on falling to a new low, the KLCI might be facing very big hurdle to overcome any selling pressure. Next support will be at 1,567 point. If the index break that point, we might see some fresh selling towards 1,500 points.
 
 
 
Lately we can see there are so many countries started to write up more articles about Malaysia's politics and Najib Razak. This morning Sydney Morning Herald wrote that Najib "risks becoming an international pariah" because of the scandals involving the RM2.6 billion in his personal bank accounts and the debt-ridden 1Malaysia Development Bhd (1MDB) surrounding him.
 

Friday, September 11, 2015

HOW SIRUL BLACKMAILED NAJIB! - World Media Spotlight Now Moves To The Altantuya Case

Shocking new evidence has emerged over Malaysia’s most notorious murder case, with the airing of an explosive documentary about the death of Mongolian model Altantuya Shaariibuu at the hands of the Prime Minister’s bodyguards on the world news channel Al Jazeera’s 101 East programme today.
 
The gripping and closely documented report by the veteran Australian reporter Mary Ann Jolly contains allegations that the man who shot Altantuya was none other than her ex-lover Razak Baginda, a close aid of Najib Razak, who earlier this year alluded to “rogue cops” being engaged in a motiveless murder.
 
 
Even more astonishing are text messages retrieved by Al Jazeera from the mobile phone of Sirul Azhar Umar, the man convicted of the killing, which show the convicted bodyguard was blackmailing Prime Minister Najib Razak for millions of dollars to stay in Australia and “say nothing” about the case just before he was re-arrested.
 
This way, said Sirul, “I won’t bring down the PM”!
 
Tellingly, the response from Najib’s intermediary Abdul Salam bin Ahmed was that Sirul’s demand for a total of AUS$17 million was “being discussed”.  Salem has regularly visited Sirul, who is being held at the Villawood detention centre in Sydney and is believed to be involved in funding his legal team in Australia.

"I want 15 million and I won't return to Malaysia ever. I won't bring down the PM"
“I want 15 million and I won’t return to Malaysia ever. I won’t bring down the PM”

Baginda “pulled the trigger”!

According to the programme Sirul confided to an Australian relative that the person who had shot Altantuya was none other than the former boyfriend, whom she had been trying to blackmail, Razak Baginda.
 
The relative who was interviewed, but did not want to be identified told Mary Ann Jolly:
 
“I said, did you pull the trigger? He said, no I didn’t pull the trigger, Razak pulled the trigger”

Salam's response was "they want to discuss"
Salam’s response was “they want to discuss”

Baginda, who was Najib’s personal negotiator for the Scorpene Submarine deal with France was never put on trial or questioned as a witness for the murder, despite being on record as having contacted Najib’s bodyguards to help him deal with the harassment from his former lover.

Baginda blamed "rogue cops" but Sirul says it was he who pulled the trigger
Baginda blamed “rogue cops” but Sirul says it was he who pulled the trigger

According to Sirul, his relative said, there were three at the murder scene. Baginda had shot Altantuya, but the two bodyguards had been tasked to then destroy the corpse with explosives.
 
In January Baginda had told a press conference that the case was an example of “rogue cops” and denied there was any further need to establish motive for the killing of his ex-girlfriend who was blackmailing him with her knowledge about kickbacks on a major defence deal.
 
“He [Sirul] told me he went back and he blew the body to pieces. I said “you had a choice of walking away from the situation and leaving it alone” – and he said “I would have been dead” because of what he knew” [said Sirul’s relative]
 
There will now be international pressure to re-open the case where a key witness is now incarcerated in an independent third party state with a strong legal system.
 
The conduct of the original trial, which was heavily criticised by judges in Malaysia’s own Court of Appeal last year, will inevitably be found wanting, threatening another embarassment for Malaysia related to another Najib cover-up.
 

Najib had been Altantuya’s lover also

The programme also confirms that there was testimony by the key witness Bala that it was Najib Razak who had originally been the lover of Altantuya and that he had passed her on to Baginda during the course of the Scorpene deal, which has been the centre of a court investigation in France over hundreds of millions of ringgit paid  in kickbacks to companies controlled by Baginda.
 
Baginda was managing the deal to build three submarines with French contractors as a ‘personal envoy’ for Najib while he was Defence  Minister (in the same way that  Jho Low later acted as Najib’s proxy in the board room of 1MDB).
 
Programme says Najib had introduced Altantuya to Baginda at a diamond exhibition in Singapore....where Rosmah was presumably shopping
Programme says Najib had introduced Altantuya to Baginda at a diamond exhibition in Singapore….where Rosmah was presumably shopping
 
Najib has denied knowing Altantuya, but the film details contradictory evidence and analyses the entire cover up of the shocking murder case through a heavily manipulated trial, which refused to permit examination of why Najib’s bodyguards abducted Altantuya outside Baginda’s house and who ordered them to kill a woman they did not know.
 
There is a rare interview with the widow of the key witness PI Bala, who details how her husband was threatened and bribed to change his initial statutory declaration about the crime by none other than Najib’s own brother.  The couple were bundled into hiding abroad.
 
Najib told reporters that Bala's evidence was untrue, at the same time the witness was being threatened to change his story and leave the country
Najib told reporters that Bala’s evidence was untrue, at the same time the witness was being threatened to change his story and leave the country
 
The dramatised documentary, which contains chilling scenes, also features the father of Altantuya, who is now launching a civil case over the death of his daughter. He describes how he is fearful himself to return to KL.
 
The long belated televising of such a blatant cover up of murder orchestrated around a senior political figure threatens to globalise a case that for years has been kept firmly under wraps by the powers that be in Malaysia.
 
What motive? The two bodyguards who took all the blame
What motive? Najib’s two elite bodyguards who took all the blame
 
Reporter Mary-Ann Jolly is filmed being thrown out of the country when she arrived at Kuala Lumpur airport in an attempt to interview the Prime Minister about the extensive evidence collected by the programme.
 
You can watch the half hour documentary that has brought yet another skeleton crashing out of the Prime Minister’s closet – this time it is the fragmented body of Altantuya Shaariibuu.
 
Grand theft is one thing for a politician to find himself uncomfortably more than close to, murder is quite another.
 
To see the film click below  – http://www.aljazeera.com/programmes/101east/2015/09/murder-malaysia-150908131221012.html

Tuesday, September 8, 2015

KLCI Might Be Moving Up And Dowm With Limited Downside.


What is the next course for the KLCI? Lately we can see the KLCI is moving up and down in a very tight range around 1,570 to 1,600 points. I don't think we can expect huge drastic movement as the KLCI has found its momentum.
 
 
No doubt the KLCI MACD histogram did flash some Red colour but it is still early to say that the index might be going down further. MACD histogram for weekly indicators still show Green colour indicate that in short terms we might not seeing any huge drastic drop. Many of them would expects the index to move down again towards 1,500 points but at these moments it seems that it will not happen.
 
Usually after experiencing a huge drop from a high of 1,744.19 point (03.08.2015) to a low of 1,503.68 point (25.08.2015) - that is about -240 points drop, the index will take a pause before creating another next huge movements. Basically the trend right now will be moving sideway - up and down -  and it will last for few weeks.
 
Sentiments right now is still BEARISH. Just be careful. Anything can happen with the current situation. The KLCI, Hang Seng and the Dow Jones Industrial Average still trading below 200 SMA. 

Tuesday, September 1, 2015

Bearish Indicators And Long Black Candle Appeared. Sell on Strenght.


It seems that "Catch A Falling Knife" did come true and the index shoot up from the low of 1,503 (25.08.2015) points to 1,660 points this morning but at these moments it appeared that it is quite bearish after a Long Black Candle appear today.
 
Sell into strength. Watch carefully. After some significant retracement, there might be an opportunity to accumulate again after this correction. Just be careful. From my point of views it is just a correction in the process. 

Monday, August 24, 2015

Dow Jones Is Moving Into Negative Zone. KLCI - "Catch A Falling Knife"


Finally the Dow Jones Industrial Average have show its colour. For the past three trading days the Dow Jones have drop more than 1,000 points. From the high created in May, the Dow Jones have drop around 10 percent.
 
It seems that this is just a beginning of a correction or maybe a downtrend. What I really don't like is the Dow Jones index still way below the SMA 200 days. An indicator stated that whether this index is moving downwards in few month to come unless the index manage to stage a comeback and stay above the SMA 200 days. 
 
 
For the FBMKLCI the next target would be 1,526.26 point created on 18/02/2012. Today the index have drop another 30 points this morning (around 1,545 point). At these moments it is very hard to determine where the index is heading to. Last Friday performance, the KLCI managed to pull back from a sharp drop of 20 points in the morning and close just down -2.74 point.
 
It did show some strength as the KLCI is really oversold but the "Ringgit" is experiencing another sharp fall today. Now the ringgit is traded around RM4.24 for 1 USD. Not really a good sign for the KLCI. Anyway we must believe that there is no such thing that the index will be heading straight to the south without gaining some technical rebound.
 
Now is a game of: "Catch A Falling Knife".