Market Outlook as at February 20, 201921st February 2019
The target for this breakout rally above the pennant formation is 1775-1780. Check out this article from Stockcharts.com.
Recently I came across an article by Malaysia Finance which opined that 2019 may be a good year for emerging market (‘EM’), such as Malaysia. This is based on the historical record that EM tends to post a double digit gain after a double digit loss in the preceding year. I have reproduced a more complete table from another source, Novel Investor.
Annual Asset Class Returns from 2004 to 2018
Based on the above, I believe that you should accumulate stocks which have not gone up too much and add more to your position if the index can break above the downtrend line at 1729-1730. Good luck.
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