Panic Sell?
It's that time of the year again, where we see over 1000 counters closing red for the day and market is panic selling.
Those of you that have been following me, I'm sure you know that I'll always be here constantly providing updates and findings despite the ups and downs of the market.
As everyone is panic selling, I suggest you to ask yourself a few questions before you decide what to do:
1. Is our local economy affected?
2. Will local companies start to report less profit due to this?
3. Are stocks dropping and forming a higher low? or is it going to rock bottom?
Dow Jones had been rallying up over the past 5-6 months in a continuous manner and only started to retrace over the past 2 weeks.
KLCI still able to hold around 1535 points, suggesting a possible uptrend as long as we don't break much lower.
End of the day, whatever happens will happen, but how you choose to see things is is what makes the difference.
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