Since the start of Year 2016 the global stock market have been poisoned by the slump of China, U.S, and Commodities.
When things are getting ugly and cheap, that doesn’t mean you should shy away from the market. But instead you have to be brave to take a look at what are the opportunities lying ahead of you. (You don’t walk away from a sales in a supermarket don’t you?)
Hence despite with all the negative effects we been facing so far, ONCE THE STORM IS OVER there will be abundance of easy money making opportunity knocking in front of your eyes. BUT that doesn’t mean it will happen right here right now which is today. It takes time and patience and timing is very important hence why the urge for you to keep monitoring the market.
Our Malaysia Stock Market is at a CRUCIAL psychological support 1600. If it is able to sustain above this level in the short – mid term, this will be seen as a bottom for the market. Bottom for the market does not mean you can All-In into the market. Again it takes time for recovery as well. Hence apart from following the Index, do always remember to follow your stocks as well as they will too find their bottom and showing you a good entry timing to buy them when they are at sales!
Hence 1600 psychological support ? Let’s monitor this together!
Have a good weekend ahead people!
THE THREE /// LINES TRADER (TFM) 