The COVID-19 pandemic has spurred on a catastrophic 39% decline over 5 weeks in the ASX200 .
Right now we're seeing the beginning of a bullish retracement as negative sentiments start to ease globally.
But with most market crashes historically, nothing ever falls in a straight line. There are always retracements in a down market, otherwise known as dead cat bounces.
This chart shows the ASX200 during the Global Financial Crisis ( GFC )
Be careful (protect capital) - wait for a solidified foundation before going long - don't try to catch falling knives.
Right now we're seeing the beginning of a bullish retracement as negative sentiments start to ease globally.
But with most market crashes historically, nothing ever falls in a straight line. There are always retracements in a down market, otherwise known as dead cat bounces.
This chart shows the ASX200 during the Global Financial Crisis ( GFC )
- The full declines took an entire year and a half to play out
- 28 weeks in, the ASX200 had a 50% bullish retracement spanning 8 weeks.
Be careful (protect capital) - wait for a solidified foundation before going long - don't try to catch falling knives.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.