[Bullish Trend]

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.

[Bearish Trend]

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.

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FBMKLCI Daily Chart

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The FBMKLCI had a rally from January 2018 to May 2018 a good 5 months of rallies. 

The FBMKLCI crashed from May 2018 to July 2018 a 3 months of market destruction. 

The FBMKLCI had a rally from August 2018 to September 2018 a good 2 months of rallies. 

The FBMKLCI crashed from October 2018 to November 2018 (currently). 

The FBMKLCI had a very much needed rebound after the October crash and technically this is a technical rebound in the market. Applied Exponential Moving Averages (EMA) are still in a state of downtrend until its evidently proven a shift of trend occur just like in the month of January 2018 and August 2018. 

Read more on the important technical resistant of FBMKLCI in our newsletter

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Broad market KLSE stocks rebound

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Broad market stocks stages a rebound but are all generally in a Downtrend state of technical rebound. Stocks in uptrend are hanging on their crucial support of which if not sustain will be a shift of trend stage.

Know what you should do in a Bearish Market

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