Millionaire Trend Trader: FBM KLCI - lower amid consolidation

Tuesday, December 20, 2016

FBM KLCI - lower amid consolidation

Stocks on Bursa Malaysia ended lower yesterday in line with its regional peers as sentiment remained cautious over Read more >>

1 comment:

Oyewole Olatunbosun said...: Market consolidates to either reverse or continue its original direction.As for me, I expect a breakout away from the consolidating zone in the direction of the trend. I am not strong enpough to fight the trend.So, I trade in the direction of the major trend.

Bosun
FxGlory remains my best broker since 2014.; December 27, 2016 at 11:02 PM

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What's happening now is that the market remains trading at very thin volumes and that can affect prices, even when just a handful of shares are traded. The decision of any fund to pull out from certain stock hits the price. - Carlos Slim

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If you believe that some day it's going to happen, some day it probably will happen. You just have to make sure you're there when it's happening, and ideally you're at the front of the parade, and the principle beneficiary of when it happens, but it's not a kind of thing where you just sort of sit back and wait. - Steve Case

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If you buy all the stocks selling at or below two times earnings, you will lose money on half of them because instead of making profits they will actually lose money, but you will only lose a dollar or so a share at most. Then others will be mediocre performers. But the remaining big winners will go up and produce fabulous results and also ensure a good overall result. - John Templeton

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The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements. - Jesse Livermore

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Tuesday, December 20, 2016

FBM KLCI - lower amid consolidation

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