Refer to this earlier post entitled, Asia: Some Bullish Breakouts!, wherein some leading asian indices were highlighted, when they achieved breakouts to new highs. They have regressed enough to cancel the long trades. Moreover, all three charts have violated the uptrendlines, implying more corrective action ahead. Once again, this case highlights the importance of a stop-loss strategy before embarking on a breakout trade. Here are the updated charts, with suggested support levels.
1. South East Asia
2. Malaysia KLSE
3. Korea KOSPI
1. South East Asia
2. Malaysia KLSE
3. Korea KOSPI
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