(Price Correction)

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.

(Uptrend)

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)

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.

(Trading Plan)

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.

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If you’ve missed out our previous posts, click below:

Malaysia Stock Market Index eyeing at Historical High| How well should you pick your stocks?

MARCH 12, 2018

KLSE stocks that are heading SOUTH & being CHEAP does not mean BUY but BYE|Technical Analysis 101|

MARCH 13, 2018

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Malaysia FBMKLCI Index

1. The FBMKLCI is still hovering above its ‘sandwich box’ support at 1,841pts.
2. Index moving sideways pending for break out rally.
3. RSI (Relative Strength Index) is at FAIR level.
4. Index is expected to move sideways before a break out rally.
5. Downside risk? Shall global market sentiment worsens, a break down below 1,841pts support will put the FBMKLCI into its ‘Sandwich Box’.

 

FBMSCAP Index

1. FBMSCAP Index being one of the biggest loser recently.
2. RSI (Relative Strength Index) is at an OVERSOLD region now.
3. Progressive rebound can be seen in this index.
4. No break out rally can be seen at the moment.
5. Beaten down small caps stocks are only as good as trading for their short term rebound.

 

FBMACE Index

1. FBMACE Index another biggest loser recently.
2. RSI (Relative Strength Index) is at an OVERSOLD region now.
3. Progressive index can be seen in this index.
4. No break out rally can be seen.
5. Beaten down Ace Market stocks are only as good as trading for their short term rebound.

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The performance on index does not guarantee the performance on your stocks. Understand where your stocks are heading instead! Read back on our previous posts to understand why being cheap does not mean Buy but Bye.

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