[ FBMKLCI , TOP 100 , MID , SMALL CAP , ACE ] - BULL IS COMING TO TOWN !!! - J4 Investment Capital

From the view of fundamental, our FBM KLCI is now at a PE ratio of 17.76 , it has fall from the top of 18.5 which is the highest point in a year .

There are some factors that made our index to fall :

1. General Election on 9^th of May 2018

2. BN Loss

3. Trade War between U.S. and China

4. Unstable MYR and USD

5. US Interest Rates

6. Weaker Quarterly Report

7. Newly formed government

8. Delay of the list of cabinets

9. Cancellation of HSR , LRT 3 , ECRL

10. Welcome to the 1 trillion debt country .

However , these factor seems to be digested during the upper half of 2018 . First of all , the full list of cabinets have been announce and there is no possibility of any unwanted tragedy to happen. The 1 Trillion News has already become a past , because our new Ministry of Finance has stated that our country’s debt has reduced for RM 2000 mil . The cancellation of HSR and ECRL have already returned to the table for further negotiation for both sites which is Singapore and China . While LRT 3 has been officially resumed their projects.

So , is it time to end this bear market and back to the BULLL ? Let’s see it from the view of technical :

From the technical chart above , the downtrend support is recently tested for the third time ( commonly the last time ) , the break out of double bottom formation gives us a confirmation signal that it is indeed a trend reversal from bearish to bullish , but not only a rebound , the R3 (1760.9) will be a strong resistance , a violent breakout with high volume will be a signal for investor to rush in very quickly , a pullback is done and the strongest bull market is returning . KLSE compotite index stock is the star in making , especially banking sector , and oil and gas sector .

For the FTSE Bursa Malaysia Mid 70 technical overview , the breaking of downtrend line and breakout from the symmetrical triangle is a clear signal for a bullish market to start , with a target projected target of 15900 , it means all the mid cap stock are going to have a surge in price , we suggest to build up your portfolio from now before it is too late .

FTSE Bursa Malaysia Mid 70 technical chart overview , there are actually nothing much to comment on the chart , one word to describe the entire situation : BULLISH . Breaching the short term downtrend line is a indicator for the strong reversal strength , There is still a strong resistance on 14588 , and with a TP of 14588 ( 9 percent ).

FTSE Bursa Malaysia ACE Board technical review , the same as what we have mentioned above , breakout from its downtrend and tend to be a reversal signal , double bottom , synmentrical triangle formation , ALL BREAKOUT . TP 1: 5648  TP2:5900

Disclaimer : Information above is for sharing and education purposes , not a buy and sell advice , please refer to ur advisory for any buy or sell call , buy and sell at your own risk .

Happy investing !

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