U.S and China Stock Market Meltdown. Malaysia eyeing 1,600 FBMKLCI. Stocks rebound short lived.

[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.

[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.


Bumby-stocksDB

 

U.S and China Stock Market

djia vs a50 china

The U.S Stock market broke down its support at 24,000 and is now at and edge of breaking down its Year 2018 low. The China Stock market broke down its 1 year low yesterday and continue to crash downwards. Technically bearish trend remains intact. More lower lows to be seen.

Malaysia Stock Market

ftse klse

The Malaysia stock market recently broke down its 1 year low in the Year 2018. Stocks have been seen beaten down followed by rebounds. Trading for rebound will be short lived. Hence know when to Hold’em know when to Fold’em. Bearish Trend remains intact. More lower lows to be seen.

issue 312 cover

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TFM Eagle Eye Newsletter Issue #313

(Release date: 23 December 2018)

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The Malnutrition Malaysia Stock Market. FBMKLCI heading to 1,600?

[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.

[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.


bullbear_paint

Malnutrition Stock Market

FTSE klci

The FBMKLCI broke down its 1,657 low which is Year 2018 low earlier this week before rebounded back up above this level. The past 2 days of index rebound had shown nothing significant changes towards the KLSE market. Stocks are as boring as usual. Technically the FBMKLCI remain in a Bearish Downtrend since October 2018 and still remain in a bearish downtrend in the month of December 2018. The FBMKLCI 2 days rebound ended when it technically hit its resistant (blue line) and retrace from there on wards. A close below 1,657 level will be interesting to the bear market players. Or else it will just be another game of consolidation until year end with no significant movement.

What do Bear Market Players Trade On to Make Profits?

issue 312 cover

img_3693

Click SUBSCRIBE NOW and you get:

  1. Receive weekly newsletter on the in depth technical analysis movement on the KLSE market indices and stocks.
  2. In the newsletter you get to know what you should do in the market and what you should not do in the market which is not shared in our blog.
  3. In a good market scenario you get to copy the trading plan on a set of potential Eagle Eye stocks prepared for you. That’s right just copy and refer on when to react!
  4. In a bad market scenario you get to know what you should do in the market by investing/trading in another instrument and still make profits out of the market.