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Malaysia FBMKLCI Daily Chart

• The Malaysia FBMKLCI recent retracement from its psychological resistant 1,600 ended consolidated sideways hovering at 1,585 current support.
• Downside potential risk to see potential support at 1,570 and 1,560.
• The upcoming Budget 2022 will potentially lift the index to challenge back its psychological resistant 1,600.
• Moving towards the end of December 2021, if the index is able to maintain above its 1,600 we can potentially see the index to head towards its next psychological resistant of 1,700 and breaking out from that level will put Malaysia FBMKLCI at 2 years high.

• AIRASIA rallied from RM0.900 to RM1.32 recently ended with a price retracement towards its S2 Support.
• Will the price starts to hover at this region before it goes for further rally?
• Downside risk is at RM1.00. A break below this level will not be favorable to AIRASIA.

• GUH Holdings on their PCB Printed Circuit Board, sideways consolidated for the entire Year 2021 has now recently broken out of its major sideways trend.
• When you make use of technical analysis it allows u to identify and understand the past and current macro and micro trend of a stock.
• Know how to make use of it and make and informed decision together with all the other analysis and information.

• Downtrend stock is where we always make use of Technical Analysis to understand they are only suitable for short term rebound trade.
• To buy and hold will end up seeing prices potentially moving lower low in the long run.
• At each rebound of price action when reached its Macro Trend Resistant, naturally selling pressure occurs which leads to price to retrace.
• Until it is evidently proven with price action that the price action has lead to a shift in its Macro Trend, by then you look into it will definitely won’t be late.
• This is because it is only either you BUY at its lowest when its macro trend has shifted from a downtrend to uptrend, OR you will usually BUY if not at the highest is where it is near its highest when the prices has already rallied up few folds over the months.

• Holding into a Bearish downtrend stock that has shifted its macro trend from a very good uptrend to a downtrend, know how to make use of technical analysis to identify and make a judgement out of it as a guidance.
• Failure to do will usually lead to holding onto a stock that has shifted its macro trend and trends lower low in the long run until one day another shift of macro trend occurs which could be many years later.
• A bearish downtrend stock is only suitable for short term rebound trade and it is best to avoid buying and holding it unless you can hold for that many years.
• Again when the price action has evidently lead to a shift of macro trend, it will never be too late for you to then only look into it because a bullish uptrend stock do not just rally for 1 week or 1 month but many months to even years.
• It is either you buy at the start of if uptrend formation when price has shifted its macro trend, OR you will usually buy if not at its highest will be near its highest after its price has rallied for many months.

• Make use of technical analysis to identify the past and current trend of the market/stock.
• Stock that maintains their Long Term Uptrend formation will eventually find its way to perform in the long run.

• Make use of technical analysis to identify the past and current trend of the market/stock.
• Stock that maintains their Long Term Uptrend formation will eventually find its way to perform in the long run.

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