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 Three /// Lines Trader Newsletter TO READ MORE**
U.S Dow Jones Industrial Averages
- The U.S stock market indices sideways traded at its new high level for 5 months since May 2021 to September 2021.
- The U.S DJIA ended its sideways retracement and gone for a rally since October 2021 into November 2021 reaching new high.
- The index started to enter into a retracement since mid of November 2021.
- ‘Support 1’ for mild retracement level to be seen supporting.
- ‘Support 2’ for major retracement level to be seen supporting.
- New variant of virus is always just an added news to fuel the fear of further sell down during a retracement period.
- After all the index rallied since October into November 2021.
- The Long Term Bullish Uptrend of the U.S Indices remains intact.
U.S Nasdaq Index
- The U.S stock market indices sideways traded at its new high level for 5 months since May 2021 to September 2021.
- The U.S Nasdaq ended its sideways retracement and gone for a rally since October 2021 into November 2021 reaching new high.
- The index started to enter into a retracement since mid of November 2021.
- ‘Support 1’ for mild retracement level to be seen supporting.
- ‘Support 2’ for major retracement level to be seen supporting.
- New variant of virus is always just an added news to fuel the fear of further sell down during a retracement period.
- After all the index rallied since October into November 2021.
- The Long Term Bullish Uptrend of the U.S Indices remains intact.
Malaysia FBMKLCI
- The Malaysia FBMKLCI has been in a macro sideways trend since Year 2020 to Year 2021 trading within the range of 1,600 to 1,500.
- While the Global Stock Market indices rallied starting October into November, the Malaysia FBMKLCI started its retracement since mid of October 2021 after hitting its psychological resistant 1,600.
- New variant of virus is always just an added news to fuel the fear of further sell down during a retracement period.
- As the Malaysia FBMKLCI has already been in a retracement since mid of October, hence the recent new variant of virus news has minimal impact on the index performance compared to global market.
- The Sideways macro remains intact and deemed supported at its psychological support 1,500.
New Variant of Virus a Cause of Concern? Gloves and Healthcare stocks?
- New variant of virus is always just an added news to fuel the fear of further sell down during a retracement period.
- The trend of gloves and healthcare have entered into a Complete Long Term Downtrend Formation since February 2021.
- A downtrend stock remains trading lower low over a long period of time until evidently proven a shift of macro trend has occurred on its price action.
- A downtrend stock does not fall on a straight line manner but consist of rebound followed by lower low.
- A downtrend stock is only suitable to trade for short term rebound trade only.
- Read more in the latest newsletter on this.
SUPERMX
- New variant of virus is always just an added news to fuel the fear of further sell down during a retracement period.
- The trend of gloves and healthcare have entered into a Complete Long Term Downtrend Formation since February 2021.
- A downtrend stock remains trading lower low over a long period of time until evidently proven a shift of macro trend has occurred on its price action.
- A downtrend stock does not fall on a straight line manner but consist of rebound followed by lower low.
- A downtrend stock is only suitable to trade for short term rebound trade only.
- Read more in the latest newsletter on this.
Good Deals Bad Deals?
- Understand the real cause of concern in the global economy and financial market. Kindly get access to our FREE newsletter series #463 and read more on the real cause of concern.
- Know what are the Good Deals and Bad Deals. Avoid investing into long term downtrend stock as they are only suitable for short term rebound trade.
- Good Deals floats at stocks that have been on a long term uptrend stock.
THE THREE /// LINES TRADER (TFM) 