You’ve got to know when to hold ’em
Know when to fold ’em
Know when to walk away
And know when to run
Every trader knows
That the secret to survivin’
Is knowin’ what to throw away
And knowin’ what to keep
**ALL CHARTS SHOWN AND WORDS WRITTEN ARE ONLY FOR ILLUSTRATION EDUCATIONAL PURPOSES ONLY. SUBSCRIBE TO THE TFM EAGLE EYE NEWSLETTER TO READ MORE**
(KLSE Market Indices September 2020 Movement)
The FBMKLCI index recovered from its March 2020 low of 1,207pts to its highest at 1,618pts in the month of August 2020. Blue chip stocks remain unattractive with mainly moving in their long term downtrend movement unless investor is seeking for a very very long term investing. Recent break down on its Mid Term Trend has yet to violate its sideways support at 1,476pts. The index may continue to move sideways before recovering gradually back above its Mid Term Trend. FBMKLCI remain irrelevant until evidently proven broken down its sideways support = increase market risk in the overall market sentiment.
The FBMSCAP index has been flexing its muscle since March 2020 outperforming the FBMKLCI performance. Since August resistant high it has remain sideways traded without violating its Mid Term Trend. Minor correction process on the go and a breakout resistant high movement is expected to be seen leading all the small caps stocks in the KLSE market. Small caps bull run remains intact until evidently proven price has broken down their Mid Term Trend which = Big market correction on these sector of small caps.
The FBMACE index did not just flex their way up but flare all the way up high over the past 6 months performance. Recent resistant high is seen with a minor correction without breaking down below its Mid Term Trend. It is expected to continue flare up further high as investor/trader are seeking for flare up performance stocks from this index. FBMACE index stocks from all sectors continues for its Bull Run until evidently proven price has broken down below its Mid Term Trend which = Big market correction. Always trade with a plan and avoid being folded out from the high rallied stocks.
Avoid Chasing/Falling In Love With a Rallied High Stock
High rallied stocks that had performed over the past months does not necessary mean they remain lucrative. Buying low Selling high is always just a myth because its takes multiple discipline and practices to make it happen instead. Rallied high stocks that recently even broke down below their Mid Term Trend = Bearish price movement. Avoid falling in love with stocks like these unless their price has evidently proven recovered back above their Mid Term Trend + Fundamental remains intact.
High rallied stocks that have recently fallen off from their high will now need to seek for their Mid Term Trend as a guide support. Price will need to reach that point and consolidate sideways before a potential next wave of rally can be seen. While that is being the upside, the downside risk remain when price has evidently broken down below their Mid Term Trend = avoid getting caught in stocks like this.
Rallied high stocks that have recently not just retraced from their high but also broken down below their Mid Term Trend will need to take extra care on them. Every trader knows that the secret to survivin’ is knowin’ what to throw away and knowin’ what to keep.
What To Seek For From a Beaten Down Stock?
A beaten down stocks are stocks that had their performance in their previous months, retraced from their high and broken down below their Mid Term Trend falling into mid term bearish price movement that can last for 2 months and beyond. There will be stocks which have fallen into a big correction over the past months and is now starting to evidently breaking out of their Mid Term Trend once again. These stocks can potentially make a big turn around point just like how it used to be “buying low” again which keeping its Mid Term Trend as a guide of stop loss point.
Seeking For The Next Performante Stock As Always
Always strive to seek for the next Performante stock in your portfolio to avoid falling in love with stocks that were previously highly rallied and buying into them and thinking they will repeat again. Yes and No. There will be stocks that have instead undergo their correction period in the month of August 2020 and without violating their Mid Term Trend. These stocks will stand a chance for a breakout performante.
Always strive to seek for the next Performante stock in your portfolio to avoid falling in love with stocks that were previously highly rallied and buying into them and thinking they will repeat again. Yes and No. There will be stocks that have instead undergo their correction period in the month of August 2020 and without violating their Mid Term Trend. These stocks will stand a chance for a breakout performante.
Always strive to seek for the next Performante stock in your portfolio to avoid falling in love with stocks that were previously highly rallied and buying into them and thinking they will repeat again. Yes and No. There will be stocks that have instead undergo their correction period in the month of August 2020 and without violating their Mid Term Trend. These stocks will stand a chance for a breakout performante.
Seeking For the Next Fledglings
Strive to seek for the new fledglings in the KLSE market from other sector of stocks instead of focusing on the ones that are famous and being fallen in love by the mass. These stocks instead of being a performance stocks over the past 6 months, they have rather maintained sideways over the past 3 months without violating their Mid Term Trend. These stocks are all on a good potential accumulation point before a breakout sideways performance can be seen.
Strive to seek for the new fledglings in the KLSE market from other sector of stocks instead of focusing on the ones that are famous and being fallen in love by the mass. These stocks instead of being a performance stocks over the past 6 months, they have rather maintained sideways over the past 3 months without violating their Mid Term Trend. These stocks are all on a good potential accumulation point before a breakout sideways performance can be seen.
Strive to seek for the new fledglings in the KLSE market from other sector of stocks instead of focusing on the ones that are famous and being fallen in love by the mass. These stocks instead of being a performance stocks over the past 6 months, they have rather maintained sideways over the past 3 months without violating their Mid Term Trend. These stocks are all on a good potential accumulation point before a breakout sideways performance can be seen.
**ALL CHARTS SHOWN AND WORDS WRITTEN ARE ONLY FOR ILLUSTRATION EDUCATIONAL PURPOSES ONLY. SUBSCRIBE TO THE TFM EAGLE EYE NEWSLETTER TO READ MORE**
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