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.

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.

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.

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.   

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. 

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.

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. 

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. 

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.

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. 

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.

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. 

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. 

FBMKLCI Got Potential To Rebound?

Judging from the total points the KLCI has drop, technical rebound was just around the corner. From the last peak of 1,730 (05/08/2015) till today the KLCI has drop about 170 points. Based on yesterday closing we still didn't see any technical reversal pattern that is taking place.

 

Today closing will be very important to determine whether the FBMKLCI will have a technical reversal in the making. For the first target of rebound if do happen will be around 1,595 point.

 

Overall market sentiments still bearish. As long as our Prime Minister still managing the country, the economy won't be good and we might have prolong issue concerning the currency.

Dow Jones Maybe Heading For Big Correction???

Based on the chart and indicators reading, the Dow Jones Industrial Average might be heading for "Big Correction". After few months of speculation, it seems that the Federal Reserve is going to raise the interest-rate in near term.

 

If we examined the chart the DJIA is creating "Lower High" and "Lower Low". This is really a bad sign and the index also stay below SMA of 20 days, 50 days, 100 days and 200 days. Well prepare for this slaughter. It might be around 10 to 12 percent correction in the process towards 16,300 points (plus minus).

 

What will happen to Malaysia KLCI index? Right now it is a bit hard to know where our index is heading to due to uncertainties geo political situation surrounding the country. With the world oil prices tumbling and also the ringgit, I didn't see any good outcome in the near term.

 

 

Based on the chart if the KLCI managed to cross and stay above 1,736 point, we might have a chance that the index might try to climb towards 1,780 point (200 days SMA) but if we take a closer look, it seems the KLCI is moving side way.

 

With the DJIA showing more weaknesses, we have to be careful because any sharp drop on the Dow Jones, we might see the KLCI will follow through and move towards south.

FBMKLCI Show More Weaknesses Ahead. Becareful.

Based on my last posting I did mention that the FMBKLCI is gaining strength to move higher based on several indicators but since the whole last week trading it seems that the FBMKLCI is losing its momentum and it move a bit lower and lower with an indication it might be going down further more after turning up for almost 2 weeks.

 

Right at these moments the SMA 20 days moving average will stand as temporary support at 1,719 point. No doubt the index close at 1,720.76 point last Friday but the MACD daily Histogram still flashes RED. From my point of view we need to be careful because if the index cannot stay above the SMA 20 days this coming week it will have great potential moving towards 1,786 point.

 

Local political news still poised some threat as the 1MDB issue still have long way to go. What really happen right now whether the governments are doing the right things in sorting out the issue remain unclear but I'm piss off with the government shutting down the "The Edge Daily" and "The Edge Weekly" paper from publishing for 3 months. The governments are sucks and it is really unfair and didn't show any democracy at all.

 

What wrong with our Prime Minister? By shutting down the publishing, it would create more hatred toward our governments. I'm doubt the FBMKLCI will move forward if our governments are not transparent enough in solving these issues. 

KLCI Show More Positive Movement Lately?

It seems that after 2 weeks of political tension on 1MDB issues, Wall Street Journal Report on Prime Minister receiving billion of ringgit deposited into his account and latest news on Prime Minister's wife bank account deposited about 2 million ringgit.

 

The KLCI experiencing some huge movement going down sharply from around 1,738 point (02.07.2015) to create another new low at 1,685 point (09.07.2015) before rebounding solid for 2 days to close at 1,715 point.

 

Based on the technical chart reading it seems we are in the middle of technical rebound with the index showing more strength but based on candlestick reading we are in for trend reversal but with the current 1MBD and the Prime Minister issues going around, it is not advisable or encourage to get involved in this market sentiment with so many bearish news around.

 

We might have some counters moving up but it wont be long because most of the equities share prices still traded below 200 days moving average and it is a sign that some of the equities are still very week.

AirAsia Facing Heavy Selling. "Catching A Falling Knife"

 

AirAsia Berhad one of darling stock for their abilities to create numerous award these few years are now facing heavy selling. This morning the stock again facing another round of selling. Current price RM1.50

 

At the moment no bottom has been found but based on the chart the next support should be RM1.42. An opportunity to "Catch A Falling Knife"? I think it is not easy. No one will know where is the bottom.

Not Easy To Look For Rebounds.

From the chart we can see that the MACD is almost reaching its crossover. MACD histogram still in green color. Whether got rebound or not still another question.

 

If today the KLCI can close higher we might see some strength on the KLCI. Basically these few days it was so tough with the KLCI trying to stabilize it position but not easy with the sentiments still look very fragile these few days.

 

Most of the counters still very weak especially the index link counters. After 2 weeks of hovering around 1,752 point to 1,728 point, we will have to wait where the index is heading to?

Any Chances For Good Technical Rebounds For KLCI?

Last week my posting did mention the downside will be limited. From the chart we can see the KLCI is moving side way with up and down around 15 points (1,736 to 1,751). The indicators such as MACD Histogram still flashes green with the hope that the technical rebounds are still in the process. 

After last Friday closing with a candlestick "Hammer" appeared, we still have a good chance that this coming week the KLCI might climb higher but one thing for sure we need to have a long white candlestick to determine that the KLCI still have some strength. 

The world index indicators such as the Dow Jones Index and the Hang Seng Index. These two index seems to be fragile at these moments. They tends to show more weakness ahead and bearish also. Anything can happen to the KLCI at these moments. So be careful.