Malaysia Furniture Stocks Riding the Bullish Wave of the US Dollar Rally.

[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.


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US Dollar Index

2018Sep-US Dollar-1000x600

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.

Get a FREE copy on ‘How Does EMA200 Days Work?”

Malaysia Furniture Stocks

  1. Applied with EMA200 Days you can see it’s past and current trend.
  2. Notice how they turn into a Bullish Uptrend into a Bearish Downtrend.
  3. Current furniture stocks are all in a Bearish Downtrend. 
  4. Despite on some are trading above their EMA200 days, drawn on the chart is the Rally Point.
  5. 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.
  6. Trading/investing below the rally point = short term trading only.
  7. We are only interested on the furniture stocks when they are trading above their rally point. 

2018Sep-EVERGRN-1000x6002018Sep-HEVEA-1000x6002018Sep-HOMERIZ-1000x6002018Sep-JAYCORP-1000x6002018Sep-LATITUD-1000x6002018Sep-LIIHEN-1000x6002018Sep-POHUAT-1000x6002018Sep-SIGN-1000x6002018Sep-SYF-1000x600

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