TREND FOLLOWING NOT EASY - AIRASIA

TREND FOLLOWING IS NOT EASY.  IT REQUIRES GREAT MENTAL STRENGTH TO FOLLOW THE SYSTEM. AFTER A SERIES OF LOSSES DO YOU HAVE THE MENTAL STRENGTH TO TAKE THE NEXT TRADE SIGNAL?  AIRASIA IS AN EXAMPLE.

KLCI

SOME NEED TO BREAK OUT, SOME MAY REBOUND

CWORKS CUT LOSS 0.53

GHLSYS  CUT LOSS 0.82

NTPM CUT LOSS 0.92

UNISEM  CUT LOSS  2.21

STOCKWATCH

EITA

STILL DIFFICULT TO FIND A HIGH PROBABILITY COUNTER UNLESS YOU WANT TO JUMP ONTO A MOVING TRAIN.  LET'S HAVE A LOOK AT EITA.

KLCI

EKIB DOES NOT LOOK GOOD TODAY

WATCH FOR REVERSAL CONFIRMATION.  MAY BE PULLING BACK TODAY. BUT MONITOR TO RE-ENTER WHEN IT RESUMES UPWARD MOVE.