February 12 2017 we wrote a topic on: YOU deserve to be rewarded in the stock market IF ONLY….(Click on link) where it is a norm for the Malaysia Stock Market index FBMKLCI to close its gap.
Malaysia Stock Market Index FBMKLCI
Took 2 weeks for the index to close its GAP at 1691 and since then the FBMKLCI has been been rebounding well back to February high 1715. Our views remain the same on the target of 1730 for the FBMKLCI towards the end of March 2017. Broad market stocks over the past two weeks we’ve seen how high flying stocks took their turns for a healthy price correction. Whether you are stuck in chasing high flying stocks and ended getting caught in the price correction, now the door to OPPORTUNITIES are now open.
- Measure the strength of your stocks that had been through a price correction. Apply double up strategy to average back into your position.
- Your stocks violated your stop loss point? Is it able to make a turn around back above this stop loss point? No then apply stop loss and look for other opportunities.
- Looking to position into new stocks? Always always and always look for an uptrend stock instead of an downtrend stock.
- Before positioning into the stocks, have a pre ready set of entry, exit, profit target, and stop loss plan.