Malaysia FBMKLCI crashed -9.8%! Are we officially in a Bear Market now? Crucial point to take note.

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(FBMKLCI Weekly Chart)

fbmklci weekly

*The chart above is based on weekly chart time frame applied with EMA200weeks*

  1. Year 2012 – Year 2014 : Bull Market Rallies
  2. Year 2014: Big Market Correction brought the FBMKLCI from 1,896pts to EMA200weeks Crucial Support 1,671pts.
  3. Year 2014 – Year 2015: FBMKLCI rebound from its EMA200weeks Crucial Support 1,671pts – 1,867pts (+11.7%).
  4. Year 2015: FBMKLCI Big Market Correction brought the FBMKLCI from 1,867pts to EMA200weeks Crucial Support 1,700pts.
  5. Year 2015: FBMKLCI breaks below Crucial Support 1,700pts falls into Bear Market.
  6. Year 2015 – Year 2016: Bear Market Rallies.
  7. Year 2017: FBMKLCI breaks above EMA200weeks Crucial Support 1,700pts rallies to 1,817pts (+12.7%).
  8. Year 2018: Bull Market Rallies from 1,817pts – 1,896pts (+4.3%).
  9. Year 2018: FBMKLCI Big Market Correction brought the FBMKLCI from 1,896pts to EMA200weeks Crucial Support 1,735pts (-9.8%).
  10. Year 2018: FBMKLCI must be supported back above EMA200weeks Crucial Support 1,735pts to remain in a Bull Market. Failure to do so in the month of June 2018 = We are in a Bear Market. A rebound from this EMA200weeks Crucial Support 1,735pts will bring money making opportunities in the stocks.

*Over the past 15 years the FBMKLCI had fallen into a Bear Market twice*

1) (Year 2008 Financial Crisis)

2) (Year 2015 Crude Oil Crisis)

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