William Au's Investment World: Stocks Watch by B.E.S.T(Bull's Eye Stock Trading)

Painting for a Bull instead of a Bear?

*This week most of the world indices are struggling to break above their important resistants.

*We can see that most of the indices this week closed below their important resistants due to lack of market volume.

*So are they able to break above their important resistants next week? Or we will be having another minor market correction next week?

*In the long-run, the BULL market is around the corner.

FBMKLCI Daily Chart(Trendline Analysis)

*FBMKLCI is currently at it's resistant at 1180. If next week FBMKLCI can't break above it's resistant, a minor correction will be happening in FBMKLCI. Remember the trendline support that FBMKLCI must not break.

*FBMKLCI is having the same problem, lack of volume. A decrease in market volume will most likely caused small movements in the market or eventually market correction.

*Stochastic indicator is showing that the market has been overbought.

*I'm expecting FBMKLCI to have a minor correction next week if it can't break it's resistant. But in the longterm I'm still BULLISH with FBMKLCI.

FBMKLCI Weekly Chart (Bollinger Band)

*Always use Weekly Chart to indicate your entry point in the market.

*By applying Bollinger Band into Weekly Chart, we can see that each entry point is where the candlesticks touching the BollingerBand center band.

FBMKLCI Weekly Chart (EMA30,90,200days)

*FBMKLCI Weekly Chart is showing a BULLISH sign.

*Applying EMA30,90,200days into FBMKLCI Weekly Chart we can see how the EMAs Golden Cross. Is this a sign of BULL RUN?

FBMKLCI Monthly Chart(EMA10,20days)

*FBMKLCI Monthly Chart is also showing BULLLISH signs.

*Applying EMA10days,20days into FBMKLCI Monthly Chart we can see how this 2EMAs Golden Cross. Is this a sign of Bull Run?

Finance Index Weekly Chart (Bollinger Band)

*Finance index is definately a MUST watch sectors in Malaysia.

*Applying BollingerBand in Finance Index Weekly Chart we can see a entry point now at the Bollinger Band Center Band. All other indicators are showing BULLISH signals too.

Finance Index Weekly Chart (EMA30,90,200days)

*Finance Index showing a BULL RUN sign?