A correction is a reverse movement, usually negative, of at least 10% in a stock, bond, commodity or index to adjust for an overvaluation. Corrections are generally temporary price declines interrupting an uptrend in the market or an asset.
DEFINITION of ‘Uptrend‘ Describes the price movement of a financial asset when the overall direction is upward. A formal uptrend is when each successive peak and trough is higher than the ones found earlier in the trend.
Position Entry is the timing for an investor or trader to position they buying point onto a stock while pending for it’s price action and volume to take place riding the continuous trend.
WHEN an investor or trader decides to position into a particular stock, he/she must prepare at 1) what price range is the entry pricing zone, 2) shall price reacts the opposite at what price range is the stop loss pricing zone, 3) as profits starts building up when to take profits.
U.S Stock Market
As we follow closely on the U.S DJIA movement, it has been trading well inside its ‘sandwich box’ range 23,778 – 25,200. Technically a breakout of 25,200 will trigger market rally in the U.S DJIA market which will further churn global market to follow.
Malaysia Stock Market
In a very similar performance, the Malaysia FBMKLCI has been trading well inside its ‘sandwich box’ range 1,812 – 1,841. Technically as well a breakout of 1,841 will trigger market rally in the Malaysia stock market.
CNY Rally on Set!
As posted last week on the Metal, Steel, & Aluminium stocks outlook:
TFM Copy Trading weekly trades are riding on the profits strong.
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Oil & Gas stocks gearing up to rally?
Follow up on the next blog post on the Oil & Gas stocks outlook!
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