Join Dstockmarket's Community - Daily Market Analysis, Individual Stock Analysis.

Join Dstockmarket Telegram Group

Join Dstockmarket Facebook Page

KLCI Analysis January 2020

Here are the analysis that I do on the KLCI for the month of January 2020. I update them almost everyday so do come back and press the refresh button.

23 January 2020 Thursday

22 January 2020 Wednesday

21 January 2020 Tuesday

20 January 2020 Monday

17 January 2020 Friday

16 January 2020 Thursday

14 January 2020 Tuesday

13 January 2020 Monday

10 January 2020 Friday

8 January 2020 Wednesday

7 January 2020 Tuesday

2 January 2020 Thursday

If you take a look at the 60 min chart above, you will see that the KLCI is a bit choppy at the moment. It has risen quite a bit since December 2019 which is the correct place to buy for a short term reversal.

Currently I do not see a nice continuation pattern in the KLCI. A continuation pattern is where the index has gone up a lot and you wait to see if a valid and nice continuation pattern forms before entering a stock or index.

It could be in the form of a triangle or box or ascending triangle or some type of consolidation before breaking out.

But right now as you can see, it is a bit choppy.

This is because of the 200 day moving average (which is not shown here). Take a look at the daily chart of the KLCI and you will realize that it is near the declining 200 day moving average. This act as a resistance and put in some fear into the minds of traders.

So, do expect some choppy and sideways trading before (if) the KLCI breaks out higher.

  • Help support this page and press the Facebook Like button below. Thanks!

Join Dstockmarket's Facebook Page 

Recent Articles

  1. Trading Tip 4 - Are You A Reversal Or Continuation Trader?

    Jan 23, 20 07:49 AM

    There are 2 ways to make money trading the stock market. You either buy low and sell high or buy high and sell even higher.

    Read More

  2. US Stock Market Analysis January 2020

    Jan 23, 20 06:34 AM

    In this page, you will find my analysis on the US stock market for the month of January 2020. I update it almost everyday.

    Read More

  3. KLCI Analysis January 2020

    Jan 23, 20 06:32 AM

    Here are the analysis that I do on the KLCI for the month of January 2020. I update them almost everyday so do come back and press the refresh button.

    Read More

  4. Trading Tip 3 - Do You Follow The Trend?

    Jan 22, 20 06:33 AM

    One of the surefire ways to make a profit in the markets is to follow the trend. And one of the surefire ways to lose money fast is to ignore the trend.

    Read More

  5. Trading Tip 2 - Do You Have A Trading Strategy?

    Jan 16, 20 06:39 AM

    If you ask any successful trader, they will tell you that they have a trading strategy and they follow it very well.

    Read More

New! Comments

Have your say about what you just read! Leave me a comment in the box below.