They said : charts do not lie ... so, i shown this chart of KLC (weekly) when someone (many) yelling bullish market ... etc etc ..

this is DOWNTRENDING chart ... no need to argue. This is WEEKLY chart ... dont know if u could understand charts reading or conned by many so-called technical-sifus ... this is called INDEX chart .,.. dont know if you read that I have been telling for 1-2 yrs now that KLSE crashed ... and currently we see construction-sector having a technical-rebound (ignorant traders using the term UPTREND ... i was like ... err ... they dont see the forest?)



Dayang is downtrending ... rebounded well after crashed. The peak was about RM4, crashed fyi.



Econbhd is downtrending ... if we check the whole chart ... i was trading her UPTREND in 2016, by the way ... I traded whole construction UP (new high each week) OKA, Gamuda-we, etc etc



Today Econbhd is uptrending IF we use shorter time framed chart ... say since DEC 2018?

Many stocks look as if they are uptrending .... since JAN 2019 ... that is due to most crashed so much that it is experiencing a BOUNCE ... in technical, we called it dead-cat bounce ... limited upside and will be back to base or lower. Again, how newbies being mis-led in technical that they could not get the idea of forests-n-trees. Check the forest (longer time frame) before you bother about the tree (short term). Do not use the words "UPTREND" loosely ... or for fundmentalists, do not use the term "UNDER VALUED" as that is not true ... either you have something up your sleeves for con-ning whole ignorant public ... or you are ignorant yourself la ... whichever way, always get second opinions. Always.

there are few uptrending stocks around ... VERY few. They are not those 52-week high such as DOWNTRENDING KNM or GPacket ... but those at new high ... historically. Due to current sentiment ... they are retracing too to critical supports.



Example : Takaful

Takaful might be down aso due to FWD news ... nice hammer at support formed last Friday. Sitting at 100MA ... it has broken 20MA and 50MA ... and moving into DOWNTREND too. See?
Do your 'forest' homework ..go to weekly chart and data must be from at least 2008 crash level ... you could see clearer that Dayang or Econbhd are till downtrending.

Have a nice week ahead ... hopefully CHINA retaliates towards Trump's latest 10% tariffs ... and re-start the trade-war more agressively. I hope they are not arrogant enough to go into physical war ... sigh.

TEH