FBM Small Cap possibility to rebound after forming a Hammer!
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 escalation of trade wars will continue.
But we are lucky to escape the huge drop of FBM Small Cap from 13800 to 12600 approximately 9% due to the technical analysis we used for entry point and exit point.
Today which is 14th May our stock markets was opened low at 12500 and having a huge rebound to 12700 and forming a Big Green Candle.
Based on the market sentiment, today we decided to re-enter our short term position partially due to technical analysis.
Why would we only enter partially? As the market is still pretty volatile at current stage therefore we would not put all our eggs in one basket.
Even though the market is volatile and turn bearish we will still give it a chance as we have manage to exit on top of the down turn.
Hence we will try our luck this round to see whether we manage to enter some position on the market mega sales.
Solely for education purpose without any buy or sell recommendation.
Please follow us if you would like to have more trading opportunities in KLCI stock market.
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 escalation of trade wars will continue.
But we are lucky to escape the huge drop of FBM Small Cap from 13800 to 12600 approximately 9% due to the technical analysis we used for entry point and exit point.
Today which is 14th May our stock markets was opened low at 12500 and having a huge rebound to 12700 and forming a Big Green Candle.
Based on the market sentiment, today we decided to re-enter our short term position partially due to technical analysis.
Why would we only enter partially? As the market is still pretty volatile at current stage therefore we would not put all our eggs in one basket.
Even though the market is volatile and turn bearish we will still give it a chance as we have manage to exit on top of the down turn.
Hence we will try our luck this round to see whether we manage to enter some position on the market mega sales.
Solely for education purpose without any buy or sell recommendation.
Please follow us if you would like to have more trading opportunities in KLCI stock market.