Highlights

Ravih

Author: ravih   |   Latest post: Mon, 31 Aug 2020, 9:17 AM

 

Daily Chart on FBMKLCI

Author:   |    Publish date:


Dear Reader,

Since I got tired of reading and listening to news today, I decided to pen something for you.

Here's what I noticed from yesterday's chart.

However, before you proceed, please take a moment to read the following...it's important.

Disclaimer

The Author (“Presenter”) is not a registered investment advisor or broker-dealer and does not purport to recommend or suggest any securities to buy or sell. You understand and acknowledge that there is a very high degree of risk involved in trading securities. Presenter assumes no responsibility or liability for your trading and investment results.

Okay.

Yesterday, I posted an article here, on where we are heading. If you missed that one, here it is:

https://klse.i3investor.com/blogs/ravih/2020-03-25-story

Now, down below, I’ve posted an EOD chart on FBMKLCI.


Chart courtesy Metastock

 

Okay, here’s what I want you to do.

Sit back. Relax. Take a deeeeep breath. And, look at the chart now.

As you look at the chart, you'll notice I’ve drawn two lines. Blue lines okay. 

One on the volume. One on the bar chart. You will realise, it’s Diverging.

Remember this: Basic fundamental rule – Price Up, Volume Down, not a good sign.

That 1 rule alone right now, eliminates hundreds of stocks!

Sometimes, Simplicity beats Complexity.

Here is another chart on FBMKLCI based on Gann Lines that I wrote about in my previous article....


Chart courtesy Share Investor Station

Looks like it touched the psychological level of 1334 left by earlier foot prints and contemplating.

So, what are you are trying to tell me here? 

Proactivity.

Losers absorbs information. Winners reacts to information. 

Confused? No. But, if you say Yes, confusion is your friend and is your first step in learning in unconscious level - if you are a novice. Hey - Learning Never Stops..

Let me remind you though, Right now, the market strongly favours the Swing and Professional Day Traders.

 

I hope, I've given you some things to think about. Until then...

Stay Well. Stay Safe. And, Be Strong.

Follow me: Telegram.me/B2MKLSE

Sincerely,

Ravih

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