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 Technology Index has been one of the stronger performing index in Bursa Malaysia since January 2019.
- Consistent recovery on the Technology Index has lead to a breakout on the Technology Index into a Bullish Long Term Uptrend Formation in the month of September 2019.
- Recent rally on the Technology Index has led it to reach 1 year high.
- A short term correction is expected to occur on this index towards its support drawn before kick starting for another rally upwards.
[Super Bullish Technology Stocks]
[Recent Breakout Into New Bullish Uptrend Technology Stocks]
While a stock prices does not move up or down on a straight line, it will consist of multiple rallies followed by corrections. Always have a Trading Plan set up and stay discipline towards it at all times.
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