External factor: A man walks past the Federal Reserve in Washington. At the moment, everything points to the Federal Reserve raising rates by another quarter basis points next month. – Reuters
THE technical analysis of stock markets tells a story of what the future trend may be based on the trading of shares. It is based on the supply and demand for equities. However, the trend reverses when fundamentals change.
Last week, when this column touched on Bursa Malaysia in the midst of a “death cross” formation, which is a strong indication of a long-term bear market, it evoked much debate.
