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.
US Dollar Index
The dollar waves started from the month of April 2018 to September 2018 brings good waves to the local KLSE Furniture Stocks too?
In a current MALNUTRITION market, Price Action speaks for itself. Hence applied on the furniture charts below is the applied EMA200 days.
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Malaysia Furniture Stocks
- Applied with EMA200 Days you can see it’s past and current trend.
- Notice how they turn into a Bullish Uptrend into a Bearish Downtrend.
- Current furniture stocks are all in a Bearish Downtrend.
- Despite on some are trading above their EMA200 days, drawn on the chart is the Rally Point.
- Rally Point = 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.
- Trading/investing below the rally point = short term trading only.
- We are only interested on the furniture stocks when they are trading above their rally point.
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