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It has been a brutal year for the stock market in 2018. With new all time highs and then a massive sell off in December, this leaves many investors in the red. But do we now have a fresh start to the new year?
The first day of trading is very important as it tells us of the likelihood of whether the market may end up in green or red. This is not a conclusive thing but it does help the sentiment if the market starts off with a green day. And that is what we got.
But what are the charts telling us?
I have looked at the charts of the weekly, daily and 60 min of the main indexes. It is indeed a challenging environment for investors and therefore this first half of the year is more suitable for traders. Do take a look at them and study them. A nice rally is happening but we do not know how things will do when it reaches resistance. Until then let us be careful as the main indices reaches resistance area.
Charts with the Freestockcharts.com label are courtesy of Freestockcharts.com
Charts with the investing.com logo are courtesy of Investing.com powered by Trading View
May 25, 20 07:39 AM
Will the sell in May and go away materialize this year? Let us take a look at the charts of the market and see what it tells us.
May 22, 20 08:52 AM
KLCI has gone up quite a lot since the lows but where do we go from here? Let us take a look at the charts to analyze the KLCI.
Apr 30, 20 07:49 AM
What is the stock market likely to do from this impact of the Coronavirus? Will it continue to fall or a bottom is near. We will use charts to guide us.
Apr 30, 20 07:44 AM
The Malaysian stock market has been badly battered following political uncertainty and the Coronavirus. Let us chart the KLCI and see where it is likely to go.
Apr 24, 20 07:20 AM
Want to learn a trading strategy that is less stressful and that will allow you the freedom of not looking at the markets everyday?