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Sunday, August 1, 2021

FTSE Bursa Malaysia KLCI (.KLSE) May Add To Its Winnings

FTSE Bursa Malaysia KLCI (.KLSE) May Add To Its Winnings

The Malaysia stock market on Wednesday snapped the two-day slide in which it had fallen almost 7 points or 0.4 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,565-point plateau and it’s looking at another green light again on Thursday.

The global forecast for the Asian markets is upbeat after the FOMC’s decision to leave interest rates unchanged. The European and U.S. markets were up and the Asian markets figure to follow that lead.

The KLCI finished slightly higher on Wednesday following mixed performances from the financial shares and plantation stocks.

For the day, the index rose 1.40 points or 0.09 percent to finish at 1,563.19 after trading between 1,558.76 and 1,568.03. Volume was 2.4 billion shares worth 1.7 billion ringgit. There were 421 gainers and 379 decliners.

Malaysia will see October numbers for industrial and manufacturing production later today; in September, they were up an annual 1.7 percent and 2.9 percent, respectively.

Technical Indicators

Overall, the bias in prices is: Downwards.

By the way, prices are vulnerable to a correction towards 1,586.97.

The projected upper bound is: 1,587.44.

The projected lower bound is: 1,546.94.

The projected closing price is: 1,567.19.


A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 7 white candles and 3 black candles for a net of 4 white candles. During the past 50 bars, there have been 26 white candles and 24 black candles for a net of 2 white candles.

Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 56.7353. This is not an overbought or oversold reading. The last signal was a buy 6 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 42.34. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 43 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -31. This is not a topping or bottoming area. The last signal was a buy 5 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 19 period(s) ago.

Rex Takasugi – TD Profile

FTSE BURSA KLCI closed up 4.150 at 1,567.340. Volume was 17% above average (neutral) and Bollinger Bands were 20% wider than normal.

Open     High      Low     Close     Volume___
1,559.8301,572.5101,559.8301,567.340 124,138,400
Technical Outlook 
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period     50-period     200-period
Close: 1,564.25 1,579.65 1,624.32
Volatility: 10 8 9
Volume: 92,022,040 93,747,456 111,337,872

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.


FTSE BURSA KLCI is currently 3.5% below its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume out of .KLSE (mildly bearish). Our trend forecasting oscillators are currently bearish on .KLSE and have had this outlook for the last 9 periods.

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