Is it safe to trade stock in a downtrend? - Genting dated 210611

Well today stock market started to move up but is it time to get in. In every downtrend, allow 1 upday
to happen, if more than 1 upday consecutively occur, then there is a possibility of trend changing and
command further analysis.

In the Genting stock, volume is average with nice price closed near to day's high. In my trading system,
it is not ready to initiate a Long trade as more confirmation will be required. Price must first turns from
Red/Amber to Green Bar, and price must be above the trailing cut loss level which becomes a support
line for the price as it moves higher. Till then, just be patience and stay watching like a wolf waiting for
a good kill.

Trailing Cut Loss System: Keep a safe distance away to prevent trigger loss cut.

Is the Market ready for a rebounce soon?

Overall uptrend still intact, retracement is necessary to flush out weak players so that the stronger players
can accummulate more a base to stage a stronger upmove later. Further downside is expected with
support near 1250 level. Stay watch & cool.

Early Warnings are Blessing in Disguise

It is always helpful when the system provides early signal of weakness or strenght. I do not take the signal

blindly without double confirm if the overall trend channel has changed.

Just like when you hear from someone that certain stock is a good buy, do not take it as face value, dive

into the chart and perform thorough analysis before you take any action.

Trust yourself, your own money and initiatives. No one will care your financial health report, not

even your boss, friends, and relatives. YOU have to Mind your Own Financial Business and Take Charge Today.

Market has been sideway for a while, I take this as an opportunity to spot stocks for short term trading buy.

Good Luck Ahead!