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 Malaysia FBMKLCI recent surge above its psychological level of 1,700 had brought it to its highest at 1,732 which is also its EMA200days resistant. The Bullish Trend on the FBMKLIC has formed in the month of February 2019. Recent retracement on the FBMKLCI from its EMA200days resistant has now reach its Bullish Trend support (red line). After 6 days of price correction on the broad market stocks, start looking for stocks that have been retracing towards their desired support. Certainly always plan your trading plan on each of the stocks. More importantly always know the current trend of the stocks.
Bullish Trend Stock
Bearish Trend Stock
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