A level of important price resistant for price to surpass and also a level of important price support to maintain above. Price trading above the RALLY POINT will mean more upside price action ahead.
A zone where price is deemed WEAK in the short term period. Only progressive rebound can be seen trading in the short term. But failing to SURPASS the RALLY POINT will only put the price into a longer term of downtrend price action.
A Bearish FBMKLCI
The performance of the FBMKLCI does not guarantee the performance of your stocks! Yes certainly what matters most is how your stocks perform against the FBMKLCI.
- Year 2017 January a Bullish Rally formation on the FBMKLCI.
- Year 2017 September a Bearish Rally formation on the FBMKLCI.
- Year 2018 January a Bullish Rally formation on the FBMKLCI.
- Year 2018 May a Bearish Rally formation on the FBMKLCI.
Look out for Bullish Rally performing stocks instead. As much as how their Fundamental need to be good, apply technical analysis to know their current price trend too.
We are giving you 2 copies of our EXCLUSIVE TFM Eagle Eye Newsletter June 2018 Issue
(Release date 23.06.2018 & 30.06.2018)