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.
Malaysia FBMKLCI falls into a long term downtrend since October 2018. Previous rally in early 2019 stopped when the index hits its major resistant and continues to retrace lower low. June 2019 market recovery allows the index to once again hit its major resistant and consolidated before BREAKING OUT of its major resistant which was last seen in Year 2018 when the FBMKLCI was trading above its Major Resistant. A new beginning for the FBMKLCI with further upward target resistant needed to achieve in order to? Form a complete Long Term Uptrend formation.
Find out from our newsletter on the next target the FBMKLCI must achieve:
FBMSCAP index recent breakdown below its Major Support turned Major Resistant has allow it to once again BREAKOUT of its Major Resistant this week. Further rallies needed to be seen in order to form a complete Long Term Uptrend formation.
Find out from our newsletter on the next target the FBMSCAP must achieve:
FBMACE index shows a slower recovery but it is on consistency to head towards its Major Resistant first.
Find out from our newsletter on the next target the FBMACE must achieve:
There are 2 types of stocks in the KLSE Market
(Stocks trading below their Major Resistant)
Stocks trading below their major resistant will need to first overcome their major resistant as a target. Short term trading opportunity until evidently proven price has turn major resistant into major support in the long run.
Find out from our newsletter on the next target the PRESBHD must achieve:
(Stocks trading above their Major Support)
Find out from our newsletter on the next target the KNM must achieve:
Find out from our newsletter on the next target the IWCITY must achieve:
Find out from our newsletter on the next target the EKOVEST must achieve:
Find out from our newsletter on the next target the ECONBHD must achieve:
Stocks that are trading in their long term downtrend present short term trading opportunity for their rebound.
Stocks that are trading in their long term uptrend present short-mid-long term trading opportunity for their rallies.
Stock price does not move up or down on a straight line manner but consist of multiple rallies followed by retracement.
Applying the trend following strategies allows us to detect the past and current trend of the market/stock. What comes next is the price action movement.
Where are their Buy Price Range? Where are their Stop Loss Range? Where are their Target Price Range?
Get yourself ahead by knowing if you are trading the right stocks in their right trend and right timing!
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