[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.
USD/MYR
- USD/MYR Bullish trend since August 2019.
- Recent high lead to a reversal = MYR appreciate against USD.
- A retracement towards the bullish trend support and a breakdown will be better.
- A breakdown below its bullish trend support to turn Bearish Trend will put the MYR at strength.
FBMKLCI
- FBMKLCI falls into Bearish trend since July 2019.
- No new low seen.
- Resistant at bearish trend to breakout.
FBMSCAP
- FBMSCAP falls into Bearish trend since August 2019.
- No new lows seen.
- Resistant at bearish trend to breakout.
2 types of trending stocks in the KLSE
(Stocks Trading Above Bullish Trend)
*Sample*
- Stocks trading above their Bullish Trend but remain consolidated over the months.
- Price action pending to hit its R1 and R2
- A price violation below its Bullish Trend support will mean execute stop loss.
(Stocks Trading Below Bearish Trend)
*Sample*
- Stocks trading below their Bearish Trend but remain consolidated overt the months.
- Price action pending to breakout of its Bearish Trend resistant.
- A breakout on price action above its Bearish Trend resistant will seek for R1 and R2.
- Position when price has evidently proven a successful breakout of its Bearish Trend resistant.
- Make use of the trend support as the key level to exercise stop loss point.
Trade War or No Trade War
Holding onto a Rally Trending Stock = Potential Profit Making
Holding onto a Correction Trending Stock = Loss Making Until Trend Has Shifted
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