May17: FKLI (Weekly) - Sideways-Down <R1 @161x-3x 📉🐻

FTSE Bursa Malaysia KLCI Futures (MYX:FKLI1!)

MYX:FKLI1! FTSE Bursa Malaysia KLCI Futures

Support and Resistance Fundamental Analysis Trend Lines fkli fkli1 FKLI1! klcifutures klci malaysiafuturesmarket malaysiafutures klsetrading

supportandresistance fundamental trendline fkli fkli1 fkli1! klcifutures klci malaysiafuturesmarket malaysiafutures klsetrading

Momentum turn from neutral to slight weakness...
Major Support at 150x-3x still holds, albeit weekly close below ema100 (~158x area)

❇️Fundamentals:

Market sentiment likely dragged down by deteriorating COVID situations, both nationwide & worldwide.
Q2 GDP figure unlikely to be favorable (despite mainstream media bullish projections)
Commodities price spike + money printing: Inflationary pressure will continue to add to households burden & current economic woes.

❇️Interested in initiating Positional Shorts on FKLI should:
1) Upon failing of S1 zone, 2) COVID worsen, 3) Tightening on MCO3.0 SOP

Happy Hunting! Stay Safe! ⭐️
-JK-

Ide yang Berhubungan

about FKLI1! 3

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