It is now in a consolidation phase and this may go on for a while before it either
break out or break down. If you dislike range movement, then wait for it. No need
to participate in every chart, just the one you like and comfortable with.
Again, Mr Market decides the direction , not the trader. We merely act following its next
move not to dictate the market directions (whoever say he can, you better run away as
fast as you can).
Best of luck
break out or break down. If you dislike range movement, then wait for it. No need
to participate in every chart, just the one you like and comfortable with.
Again, Mr Market decides the direction , not the trader. We merely act following its next
move not to dictate the market directions (whoever say he can, you better run away as
fast as you can).
Best of luck
Note
Praise Lord. It has broken out of the bearish trend line and is meeting some resistance at 1614.18. Expect some correction post Christmas , probably to 1588 level and then you can initiate a buy position.Note
Praise Lord. It has broken out of the bearish trend line and is now facing resistance at 1611.38. Let it break above and retrace before adding longNote
Finally, we reach the first level of support and judging by the negative news over the resignation of the PM, we shall await more confirmation before making a move.Note
scmp.com/week-asia/politics/article/3053062/how-malaysia-got-its-eighth-prime-minister-muhyiddin-yassinLet's give it a few weeks for the new PM to settle down and launch his ambitious plan to inject new life into the Malaysia economy. There is bound to be some incentives, large projects ,etc that would be announced. I am putting this index on my watch list from March to June onwards.
Note
those who shorted this index, congrats to you !Here's the latest news :
reuters.com/article/us-health-coronavirus-apple-iphone/apples-factories-are-running-but-suppliers-wary-about-iphone-demand-idUSKBN21E3J9
Note
No, I am still not quite ready to buy this index or should I say not motivated. They have just locked down the city for 2 weeks and let's see how they cope with the Covid-19 situation and if the government is going to launch a 2nd stimulus to help its people .
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.