Do you ever wonder , why your good fundamentally blue chip stock though with a good pattern set up ,together with good TA internal indicator , then fall, once you place a buy order ? As if the market recognize your buy order!
Again and again when you sell, all of the sudden it goes up and up ? Is the market really hate us and does not want us to join their crowd?
Among the main reasons are the general direction of the market is against you.The popular barometer to gauge the general direction whether its an up trending or down trending market is the KLCI.
Its good to buy your stock during the KLCI is on the up trending mode and your sell your stock when KLCI is on down trending mode.
Once you have determine you are operating in an up trending general market you need to pick up superior fundamentally sound stock . If possible buy stock with good TA set up.
Another barometer to gauge the market is by observing bursa stock. code no 1818 (good feng shui number)
If both KLCI and BURSA is on up trending mode you can pull the trigger to buy.
If both are not in synchronize and harmony in their direction , wait until the dust settle down so that you can see clearly the BIG PICTURE. Not to worry Ur missed the train now coz Bursa Malaysia is always there for you.
Thanks for reading
