the current pullback looks like a minor wave. As long as the price stay above the grey box (Fibonacci retracement level), we are good with this wave count.
Malaysia FBMSCAP
- Remain in an uptrend but sideways movement.
- To retrace towards its Long Term Trend.
- Crucial sideways support to hold.
- Failure to hold up will trigger small caps stocks further downward sell down.
- A recovery to hold up will need to look at its sideways resistant.
FBM Smalla Cap dilihat mengalami kesan ketara terhadap krisis ekonomi dan pandemik yang sedang dialami. Dilihat Small cap masih lemah dan masih mencari belum menjumpai hala tuju yang jelas.
kalau kita tengok based on weekly kita dapat lihat momentum masih kuat untuk ke bawah. price dah hit support dekat area psychological 8000.
berkemungkinan price akan membuat rebound mencari 38% fibo line di area 10000 sebelum price meneruskan kejatuhan mencari area 7000
tetapi sekiranya pada minggu ini atau minggu depan support 8000 break kita dapat lihat...
Potential Strength & Weakness as discussed in the video
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
FBM Small Cap is always our best indicator to track the overall market performance and benchmark.
We have let our readers knew that we have took profit on 26th April for all our short term position and remain our long term position.
The reason we exit was due to the forming of Bearish Engulfing candle on the closing of 26th April and we would never expect the...
Those who have been follow us closely would know that FBM Small Cap is always the indicator we used to enter and exit for Malaysia Stock Market
Last Thursday we have alert our readers on the buying signal on the hammer formation after a 5 days red streak.
And our trading strategy is always to out perform the market.
After a 6 days green streak, finally we see...
FBM Small Cap Index is one of the best index to track if you are following Malaysia stock market
As it represent more stock compare to FBM KLCI therefore the accuracy will be higher
Therefore we highly encourage traders to trade based Small Cap Index instead of KLCI as it provide more accuracy
In the chart we can see that the index is having very good uptrend as...
Both charts showing weakness:
1. Unable to break resistance
2. Red Pentagon
3. To re-test support soon
Send us your preference stock to review based on TradeVSA chart by comment at below.
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy...
