KLCI entering stage 2?

KLCI Weekly Chart

KLCI weekly chart is showing that our Malaysian stock market appeared to have entered Stage 2 (Advancing phase) of the market cycle after breakout of the double bottom reversal pattern on decisively high volume.
Supporting the case, the 20-week MA is rising and MACD has traced a rising double bottom pattern. The Bollinger bands are starting to expand too.
What do we do? Start looking for good quality stocks.

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Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investmest decision based on my posting and information presented in this blog.