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When Will The Market Stop Bleeding?
GreenTrade
Publish date: Mon, 24 Feb 2020, 10:01 PM
The general election in 2018 may be used as the closest reference for this political uncertainty.
Both of these cases happened for the "first time in history".
To recap, from May 14th 2018 - 9th July 2018, the FBMKLCI dropped from 1854 to a low of 1657 (-10.63%). ( Nearly 2 months)
If that were to happen again with an intiial KLCI price of 1500 whereby support was broken, the 1300- 1340 levels may be tested. The global market selloff today due to the coronavirus is not helping the KLCI as well.
This is just the beginning of huge volatility ahead (rebounds in between).
KLCI put warrants may be traded.
Do trade with caution or Stay Aside
A small cut (Mistake) may cause huge losses.
Disclaimer: Trade at your own risk. This information is for sharing purposes only and the author will not be responsible for any of your decisions made.
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