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FBMKLCI Performance

• Malaysia FBMKLCI rebounded well from its sideways consolidation from 1,515 low to 1,582.
• Minor resistant at psychological resistant 1,600.
• FBMKLCI led by banking stocks and plantation stocks.
• As the index follows the drawn trend line movement, it will eventually lead to a shift of macro trend into a Long Term Uptrend formation which was last seen in October 2020.
• Long term sustain above the level of its psychological 1,600 to drive our FBMKLCI into a Bull Market.
• Minor retracement occurrence to be seen healthy along the journey unless evidently voided its trend line below 1,520.

FBMSCAP Index Flaring Up High

• Malaysia FBMSCAP Index flaring up high in the month of October 2021.
• Broke out of its midpoint resistant and is on its way towards its double top resistant at 17,446.
• Small Caps stocks increasing movement opportunities.
• Minor retracement to be expected and deemed healthy unless evidently voided below its midpoint support.

AIRASIA Now Everyone Can Fly

• Complete shift of Macro Trend after 9 months of sideways consolidation.
• Recent rally led to its previous top resistant in March 2021.
• Minor price retracement is healthy towards either its S1 or S2.

CIMB Banking

• Complete shift of Macro Trend since December 2020.
• 2021 been trading in its sideways trend before gradually rallying to higher high now.

Malaysia FCPO Crude Palm Oil Index

• Malaysia FCPO commodity index been trending well since 2020 pandemic.
• Long Term uptrend formation rally all the way.
• But mostly KLSE Plantation stocks have been unattractive either moving in their Long Term Downtrend formation or sideways traded for nearing 2 years.
• Short term price retracement to deem normal as recent breakout rally towards higher high.

IOICORP Plantation

• FBMKLCI component plantation stock IOICORP sideways traded in the whole of Year 2020 before moving into its Long Term Downtrend formation when its Macro Trend Shifted in January 2021.
• Recent rebound from its low has now reached its crucial resistant 1.
• In the long run if its price action is able to sustain above this level of resistant 1, RM4.10 it can potentially lead to a macro shift of trend.
• Prolly plantation blue chip performance can help to drive the FBMKLCI higher high in the long run together with Banking Stocks.
• Downside rise to see it retrace and sideways traded.

SIMEPLT Plantation

• FBMKLCI component plantation stock SIMEPLT sideways traded in the whole of Year 2020 before moving into its Long Term Downtrend formation when its Macro Trend Shifted in January 2021.
• Recent rebound from its low has now reached its crucial resistant 1.
• In the long run if its price action is able to sustain above this level of resistant 1, RM4.39 it can potentially lead to a macro shift of trend.
• Prolly planation blue chip performance can help to drive the FBMKLCI higher high in the long run together with Banking Stocks.
• Downside risk is to see it retrace and sideways traded.

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