Bursa Malaysia Technology Stocks on a Bullish Run. A Correction Ahead?

bull

[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.

bear

[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.


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  • 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]

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[Recent Breakout Into New Bullish Uptrend Technology Stocks]

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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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