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Bursamalaysiaresearch

KLCI/FTSE Bursa Malaysia - Wave/Trend AnalysisWe are in the current horrifying pandemic which puts most businesses at an unhealthy level. Most commercial projects are not moving especially in Construction Industries. Most traders are worrying that their investment in Bursa Malaysia will lead them to losses or maybe book yourself a seat to dive straight to the ocean. Through my analysis, I don't see it as anticipate problems. Generally speaking, the Malaysia economy is still in a good shape, I'm not saying it is good, not that bad either, but nothing to worry about if you would like to start to invest in the Bursa Market. The current KLCI price is between 1460 ~ 1480 as of November 2nd 2020, and yes, price will go even lower, and it is not because of bad business but rather bad politicians that screw up the foreign investor confidence, when I say politician, I meant both the government and oppositions. Let us hop into the conclusion. Well, I am looking at the most, the price will go down to 1400 range (Target 1) or 1290~1300 range (target 2) before shooting up into the recovery of our economy, and this must be due to: 1) The introduction of Covid 19 Vaccine worldwide (Most probably will be supplied by end of 1st quarter in 2021) 2) Changes in Malaysia's political rulers through a valid and legit process. 3) 5G which includes the construction of telecommunication structures in Malaysia. If you are looking for a long term trade, then next year might be the year. If you are a Day-Trader, there are a lot of stocks that you can look up to. Downtrend? Bear Market? no worries, trade when the stock is doing correction. :)
FTSEMYX:FBMKLCILong
by AMianz
Hartalega Holdings - A Neutral StandstillIn this week ahead, the glove stocks are poised to receive shocks from the Malaysia's Parliamentary tabled response on the take of Malaysia 2021's Budget Reform. This reform entails high fundamental risks to not only glove stocks but also other relevant stocks such as "The Renewable Energy Sector" as the budget pursues a wide variety of efforts to spearhead a conservative development on the companies recovery as well as in prevention of susceptible financial shocks within the country. As seen on the chart, the support and resistance are drawn and matched precisely in accordance to the stock's historical transactional volume whereby the highs and the lows presented a box of a specific R-R gameplay for investors to look out for. MYX:HARTA
MYX:HARTA
by maggedon
DGSB : Re-entry BUY chanceI prefer a 4hour timeframe for analysis due to strong confirmation in trend. However, we must practise the top-down analysis, analyse the market phase..identify the reversal candlestick, volume, fundamental etc.. Market moving in chaotic behaviour..it will never be easy. This counter has been breached the resistance.. Re-entry Trading Plan : 1. We looking for the price retrace at fibo 38.2 ~ 61.8. 2. Price rejects EMA's but must above SMA50 3. Ultra-low volume is the key area to enter the market. 4. Bonus if Stochastic is overbought. 5. Exit if price counter the plan.
DLong
by ArifHasbollah
Today Stock Pick - 20-11-19 JaycorpJaycorp may soon test the RM1.15 resistance level. With a rising RSI, a bullish bias may be present above this mark with shortterm target price of RM1.20 and RM1.25. It may continue moving sideways if it fails to cross RM1.15 in the near term. The downside support is then anticipated at RM1.10, whereby traders may exit on a breach to avoid the risk of a further correction Trading Call: Buy upon breakout above RM1.15 More detail whatsapp +601159671740
MYX:JAYCORPLong
by Davidklse
Stock Pick - Power Root (7237)Power Root may soon test the RM2.24 resistance level. With an RSI above 50%, a bullish bias may be present above this mark with target prices of RM2.40 and RM2.50. Meanwhile, it may continue moving sideways if it fails to cross RM2.24 in the near term. Support is then anticipated at RM2.08, whereby traders may exit on a breach to avoid the risk of a further correction. Trading Call: Buy upon breakout above RM2.24 To get more information COntact WhatsApp +601159671740]601159671740
MYX:PWROOTLong
by Davidklse
KLSE WEAK PERFORMANCEMy previous analysis based on EW was right at the first place when it bounced at the last 'Z' wave during its correction moves. However, after it manages to rose 8% from the previous low in the Z wave, it started to plummet down and now it has made a lower low that passed the previous correction wave. Based on my Monthly chart analysis, what I see was it is still heading to the final correction wave, which it might take 1 to 2 years before the economy recovers.
INDEX:KLSEShort
by AMianz