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.
Time For Guessing Game. The Mother of all Supports for Global Stock Market Indices.
SUPPORT FOUND. REBOUND.
Major support found on global indices. Rebound is set to be seen this week. But their mother of all support will remain important for the month of May and June 2019. A progressive rebound from here on wards will be healthy.
Malaysia Long Term Downtrend Continues
Rebound to be seen. Remains in a long term downtrend until evidently proven trend has reversed.
Malaysia FBMSCAP index rallied since January to April 2019 breaking out of its EMA200days. Recent global market correction has cause the FBMSCAP to break down its mother of all support. Month of May and June 2019 will be important to see this index to once again break out of its EMA200days.
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