A level of important trend formation when once formed tend to persist until evidently proven reversed. A bullish trend allows price to move higher highs and higher lows over a long period of time.
A level of important trend formation when once formed tend to persist until evidently proved reversed. A bearish trend allows price to move lower highs and lower lows over a long period of time.
The FBMKLCI Daily Chart, shows the daily price movement on the FBMKLCI. From the left to right notice how a Bullish Trend was formed on December 2017 followed by a Bearish Trend was formed on May 2018. On August 2018 a Bullish Trend appears on the FBMKLCI.
Psychological Resistant remains at 1,800pts. It will be peanuts for the index to just easily move up beyond this psychological resistant as always. What matters are the underlying stocks listed in the KLSE market rather than the performance of the FBMKLCI. Do not missed out this wave of opportunities flowing in front of you.
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