Technically the FBM-KLCI is in the technical rebound process and it is moving from their lows. Anyone who manage to accumulate during recently sell down will be able to make some handsome gains. The timing was very important and indeed last week was the perfect time to accumulate.
Basically using a technique "Catching A Falling Knife" would eventually comes with not only technical readings but also with the guts and believe that the share market will rebound from recently sell off. I don't know how to explain that senses (share market to rebound), many will disagrees with my senses but because of my 20 years of monitoring the share market movement, I just know that a rebound was just around the corner. I have been using this technique for quite sometime and every time it did brings great opportunity to trade and made some gains out from huge sell down.
At these moments I will consider any accumulation done right now was not the perfect timing. The share market might be experiencing some up and down and we can't really know where they are heading to. Chances of making some gains still there but with limited counters to choose from. Based on the chart maybe the FBM-KLCI might be moving towards 1,530 points before the index facing a big hurdle around those points. Still I will lay off for a while after recently technical rebound. We will have to wait for a clearer indicator appear before any decision can be made.
Basically using a technique "Catching A Falling Knife" would eventually comes with not only technical readings but also with the guts and believe that the share market will rebound from recently sell off. I don't know how to explain that senses (share market to rebound), many will disagrees with my senses but because of my 20 years of monitoring the share market movement, I just know that a rebound was just around the corner. I have been using this technique for quite sometime and every time it did brings great opportunity to trade and made some gains out from huge sell down.
At these moments I will consider any accumulation done right now was not the perfect timing. The share market might be experiencing some up and down and we can't really know where they are heading to. Chances of making some gains still there but with limited counters to choose from. Based on the chart maybe the FBM-KLCI might be moving towards 1,530 points before the index facing a big hurdle around those points. Still I will lay off for a while after recently technical rebound. We will have to wait for a clearer indicator appear before any decision can be made.
2 comments:
Awesome review, I like your article.
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Markets have always done this, they say that a fall of 10% from a recent high is a correction, and a fal of 20% from a recent high signals the start of a new bear market.
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