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 retracement journey started when it hit its long term trend resistant (red line) and has since retrace downwards to its Year 2018 low support which is at 1,626.
- Can a support be found here?
- Malaysia FBMKLCI psychological resistant 1,700 to be targeted first.
- A long way to go to turn into a bullish index.
- On the flip side, broad market stocks have been churning with rising opportunities.
Rising opportunity stocks
Spot for stocks that breakout from their long term trend resistant
Hold uptrend stocks in your portfolio
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