top of page
Search
Writer's pictureHONG WEI GIET

FBMKLCI - technical analysis with money supply perspective


https://www.tradingview.com/x/Fej1PHF3
https://tradingeconomics.com/malaysia/money-supply-m1/forecast
https://tradingeconomics.com/malaysia/money-supply-m0/forecast

FBMKLCI vs M0/M1

  1. With money supply theory:-

  • M0 = cash in hand

  • M1 = cash in hand + Checking Account balance/Current Account Balance

  1. With the movement of M0/M1 @ 01/01/2017, FBMKLCI entered a upward trend for past 6 month period. Thus, we able to conclude that MO/M1 is positive related with FBMKLCI moving.

  2. In July 2017, M0/M1 shown lower record which matched with FBMKLCI moved downward started in July.

  3. Thus, FBMKLCI wish to challenge higher level in future need to rely on M0/M1 movement.

Technical Analysis

  1. Triangle pattern with bearish, FBMKLCI dropped near to 0.84%

  2. However, it recover back to resistance(1).

  3. RSI is sloping upward

  4. MACD indicated positive buying momentum.

  5. Therefore, FBMKLCI need to have consolidation phase with narrow moving within resistance(1).

20 views0 comments

Recent Posts

See All
bottom of page