KLSE FBMSCAP VS FBMFLG Index. (Wood & Furniture Stocks Movement)

bull

You’ve got to know when to hold ’em
Know when to fold ’em
Know when to walk away
And know when to run

bear

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**

FBMSCAP Index (Small Caps)

KLSE FBMSCAP Index Long Term Bullish Trend remains intact. Recent 3 months retracement ended at long term support. A rebound to be followed by further rally to see the index trading higher high in Year 2021. Opportunities remains in small caps stocks.

FBMFLG Index (Fledgling)

KLSE FBMFLG Index Long Term Bullish Trend remains intact. Recent 3 months retracement ended at long term support. A rebound to be followed by further rally to see the index trading higher high in Year 2021. Opportunities remains in fledgling stocks.

Wood & Furniture Movement

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Malaysia Furniture Stocks Riding the Bullish Wave of the US Dollar Rally.

[RALLY POINT]

A level of important price resistant for price to surpass and also a level of important price support to maintain above. Price trading above the RALLY POINT will mean more upside price action ahead.


Perfect-Your-Track-Sprint-Start-STACK

US Dollar Index

2018Sep-US Dollar-1000x600

The dollar waves started from the month of April 2018 to September 2018 brings good waves to the local KLSE Furniture Stocks too?

In a current MALNUTRITION market, Price Action speaks for itself. Hence applied on the furniture charts below is the applied EMA200 days.

Get a FREE copy on ‘How Does EMA200 Days Work?”

Malaysia Furniture Stocks

  1. Applied with EMA200 Days you can see it’s past and current trend.
  2. Notice how they turn into a Bullish Uptrend into a Bearish Downtrend.
  3. Current furniture stocks are all in a Bearish Downtrend. 
  4. Despite on some are trading above their EMA200 days, drawn on the chart is the Rally Point.
  5. Rally Point = A level of important price resistant for price to surpass and also a level of important price support to maintain above. Price trading above the RALLY POINT will mean more upside price action ahead.
  6. Trading/investing below the rally point = short term trading only.
  7. We are only interested on the furniture stocks when they are trading above their rally point. 

2018Sep-EVERGRN-1000x6002018Sep-HEVEA-1000x6002018Sep-HOMERIZ-1000x6002018Sep-JAYCORP-1000x6002018Sep-LATITUD-1000x6002018Sep-LIIHEN-1000x6002018Sep-POHUAT-1000x6002018Sep-SIGN-1000x6002018Sep-SYF-1000x600

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