CNY Rally on set next week. Rolling back into business. [Malaysia Stock Market Outlook]

(Price Correction)

correction is a reverse movement, usually negative, of at least 10% in a stock, bond, commodity or index to adjust for an overvaluation. Corrections are generally temporary price declines interrupting an uptrend in the market or an asset.

(Uptrend)

DEFINITION of ‘Uptrend‘ Describes the price movement of a financial asset when the overall direction is upward. A formal uptrend is when each successive peak and trough is higher than the ones found earlier in the trend.

(Position Entry)

Position Entry is the timing for an investor or trader to position they buying point onto a stock while pending for it’s price action and volume to take place riding the continuous trend.

(Trading Plan)

WHEN an investor or trader decides to position into a particular stock, he/she must prepare at 1) what price range is the entry pricing zone, 2) shall price reacts the opposite at what price range is the stop loss pricing zone, 3) as profits starts building up when to take profits.


U.S Stock Market

2018Feb-Dow Jones Averages Industrial Average-1000x600

As we follow closely on the U.S DJIA movement, it has been trading well inside its ‘sandwich box’ range 23,778 – 25,200. Technically a breakout of 25,200 will trigger market rally in the U.S DJIA market which will further churn global market to follow.

Malaysia Stock Market

2018Feb-FBMKLCI-1000x600

In a very similar performance, the Malaysia FBMKLCI has been trading well inside its ‘sandwich box’ range 1,812 – 1,841. Technically as well a breakout of 1,841 will trigger market rally in the Malaysia stock market.


CNY Rally on Set!

As posted last week on the Metal, Steel, & Aluminium stocks outlook:

https://trendfollowingmalaysia.com/2018/02/12/metal-steel-aluminium-stocks-year-2018-turning-bearish/

TFM Copy Trading weekly trades are riding on the profits strong.

copy trade 1copy trade 2

Read more about TFM Copy Trading HERE

2018Feb-ANNJOO-1000x6002018Feb-LEONFB-1000x6002018Feb-MASTEEL-1000x6002018Feb-SSTEEL-1000x600


Oil & Gas stocks gearing up to rally?

Follow up on the next blog post on the Oil & Gas stocks outlook!

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Where is the Bull Market? FBMKLCI VS FBMACE VS Technology Index

Leap_of_Faith

 

FBMKLCI

FBMKCLI

 

Where is the Bull Market? Not on the blue chips and not on the small caps but mainly on the penny stocks and technology stocks. The FBMKLCI closed at 1,809pts (+11.56) on 19/03/2015 after the U..S FED Reserve maintains its low interest rate. The index is still currently trading on its downtrend ever since Year 2014 November. Thou we remain bullish on our local stock market in the Year 2015, the key resistant target to break will be at 1,830pts in order to see a clear uptrend formation on the benchmark index. While waiting for the FBMKLCI to shift its current downtrend into an uptrend, all focus are shifted towards the penny stocks and technology stocks over the past couple of weeks and will continue to run forward on more rallies. Let us take a look at the FBMACE Index and Technology Index being in a Bull Market Since January Year 2015 along with the stocks on our list.

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FBMACE INDEX

FBMACE

 

FBMACE Index that weights the penny stocks in Bursa Malaysia have since formed a complete uptrend formation since early March Year 2015. We will be expecting more hot trading activities going on this sector until the FBMACE Index retest its Year 2014 resistant high.

GENETEC

SOLUTN

 

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TECHNOLOGY INDEX

TECHINDEX

 

The Technology Index has been in a Bull Market since early January Year 2015 and it closed at a new high today (19/03/2015). We will be expecting for more new highs created by this sector before a correction starts to kick in.

 

MPI

GHLSYS

 

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OTHERS STOCKS TO WATCH

FRONTKN

KTB

KBES

 

 

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