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Friday, 27 December 2013

KLCI, FKLI, iShares MSCI Malaysia Index, EWM: 27 December 2013, Friday, 1.30am Singapore Time

Note: 
The following analysis involves Advanced Technical And Inter-Market Analysis. 
It requires reading meticulously, thorough absorption of the materials slowly and some critical thinking processes.
Assimilate the materials well to pick up some advanced techniques here.

Chart 1
iShares MSCI Malaysia Index:
27 December 2013, Friday, 1.30am Singapore Time
Chart courtesy of StockCharts.com



Chart 2
Malaysia ETF listed in the US Market (New York Stock Exchange), EWM: NYSE
27 December 2013, Friday, 1.30am Singapore Time
Chart courtesy of StockCharts.com



Chart 3
Malaysia Kuala Lumpur Composite Index (KLCI):
27 December 2013, Friday, 1.30am Singapore Time
Chart courtesy of Yahoo Finance

Malaysia KLCI/FKLI is at 2013 High and above 50DMA & 200DMA respectively. 
However, based on Price Actions in Wall Street: 

1. Malaysia Index ETFs (EWM:NYSE) and iShares MSCI Malaysia Index are some distance below May-2013 Highs (Chart 1 and Chart 2). 

2. iShares MSCI Malaysia Index is below the 50DMA & 200DMA, both of which are acting as resistances with selling pressure now (Chart 1). 

3. iShares MSCI Malaysia Index has all the bearish structures as illustrated in Chart 1 above.

4. Malaysia Index ETF listed in the US Market, EWM: NYSE, is restricted by the 50DMA as resistance now (Chart 2).

5. Malaysia Index ETF listed in the US Market, EWM: NYSE, is restricted by the High Volume Resistance Zone 1 and High Volume Resistance Zone 2 as illustrated in Chart 2 above.

6. Malaysia Index ETF listed in the US Market, EWM: NYSE, has a lot of bearish volumes as illustrated in Chart 2 above.

7. Malaysia KLCI Stocks show non-bullish volume and more stealthy unloading volumes for 2013 (Chart 3). 

Wall Street Professionals currently have different valuation viewpoint of the Malaysian Stocks & Equities Market based on current existing market conditions. 

8. Either KLCI is significantly over-valued right now or both the NYSE-listed Malaysia Index ETFs (EWM:NYSE) and iShares MSCI Malaysia Index are significantly under-valued (Chart 1, Chart 2 and Chart 3), which brings an interesting question of who is right: Wall Street Professionals or Malaysia Market in Malaysia?

9. Based on Chart 3 (KLCI), the current volume changing hands is a rather risky one. The actions in US suggests KLCI and FKLI is over-valued. When the buyers at the high want to sell, there may not be enough buyers to match based on current market conditions. This often leads to panic sell-off. 

10. Malaysia Stocks and Equities Market needs a sell-off correction in wash-out style in order to stay healthy. Bearish-biased in the short-mid term. Any rally is a sell into the high/optimism.




1 comment:

  1. KLCI just closed above 1870 through close time matching.........

    ReplyDelete