[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.

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Malnutrition Stock Market

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.

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