Tuesday, June 19, 2018
Mieco : Dropped 60% plus from peak ... I m not sure why many still holding. Too painful to cut-loss and hoping that the whole sector would be in play again? If you are not the person who are stuck up there, you may not care ... or you are those arrogant human who care only for yourself? I knew many with such characters ... they will be wondering why should we care for those who stuck -- they are stupid? --- well, as if they never get stuck before.
Note : Evergreen, Hevea, Flbhd and such also in strong downtrend and I knew MANY stuck up there, not wanting to face reality and started to understand the importance of learning to trade uptrend ... with a cutloss to exit. CUT LOSS EARLY ... by the time it dropped 30% or more, it will become very hard to cutloss
Ok ..market not crashing anytime soon ... but I know MANY stuck up there in MANY stocks. Till they want to FACE REALITY, they will continue to ignore and deny ... and hoping they will recover.
Monday, June 18, 2018
11.30 am : KLCI down by 15 points , recovered from opening selldown of 25 points.
Sold : I sold of my stocks too ... YTL, Sendai and POS, which I bought last week. Thought market recovering ... now, we seeing red again. Keep cash again ... so erratic.
Sendai : Breakout actually ... so, can hold.
Evergeen (and such) : I do not favour the whole sector ... so, when someone asked me Evergreen and gang, I will assume they stuck up there. I don't see any upside in the whole sector ... those some claiming they are cash-positive companies. Sure?
Many retailers stuck inside many : such as MyEg ... and now, they saying it is cheap and buying into MyEg. That is how retailers lose more ... as they average it down. Many stuck ... and stuck more due to averaging-down ... we do not see CRASH yet. This is just a knee-jerk selldown ... NOT even correction YET. Wait till you see 1620 level in KLCI, ya.
Nothing much to do ... going to jalan-jalan and read books again.
Have a nice weekend.
CIMB : Critically ... see if RM5.80 can hold ...selldown continues ...
MayBank : Going below 200MA again ... and watching RM8.80 level.
PBBank : See if critical support broken by this week.
Note : If these three giant-banks breaking the critical support, we shall see KLCI to break the current support 1700 .... see you at 1620 level next to consider buying.
Sunday, June 17, 2018
Learning Corner : Sectoral check
Step 1 : Go to each sector-index ... check the weekly charts and plot the 20MA
Step 2 : Check if they are above or below 20MA. If they are below 20MA (weekly), go to daily chart to plot the 200MA ... and if it is below 200MA (daily) then, it is a DOWNTREND. Avoid is the best ...unless you are an investor to buy-hold-average-down.
Step 3 : If uptrend, then check the leaders in the sector ... those big-caps-giants ... and buy them if it is uptrending. HOLD till the trend is over. If prefer to take mid-cap or smaller-cap counters, we need more knowledge and experiences to pick good trending stocks for trading it up.
Step 4 : Buy-hold ... and watch it up ...till the trend is over. take profit and move on.
Consumer : the BEST uptrending sector (due to no-GST?) ... check Nestle, Dlady, Panamy and such leaders. Buy-uptrending-hold. Then ... check stocks such as Padini (breakout and strong uptrend) buy-hold and add. Do nothing till trend is over.
Construction : I traded the whole sector during 2016 up ... Gamuda, OKA, Chinhin, Econbhd etc etc ... today, so many tumbling down due to GE14. Some rebounded well after the 'news' stating that MAYBE HSR is not cancelled ... Gkent, Econbhd, HSSEB, Gabungan ... these shot up crazily. Be aware that these are strong downtreding and if you are NOT a trader, avoid is the best advice.
Finance : After the GE14, it broken the 20MA uptrend line ... and now, we shall see the start of downtrend ... in Maybank, CIMB ... perhaps even PBBank.
Plantation : sideway and at support but below 20MA ... note that MANY smaller plantation-stocks at new low or 52-w low ... yet, the index is well supported? Check KLK, Simeplt and such ... these giants are heavier weightage in the index. So ... buy only into big-caps uptrending such as IOICorp. But when it comes to good-valuations, I do find few stocks trading at huge discount. I m not an investor, so ... no intention to park funds into them.
Properties : Another sector to avoid and strong downtrending ... many at new lows too.
Technology : Rebounded sharply (MPI, GTronic, Inari, Unisem and such) and back above 20MA. Is it sustainable and supported? I do still like some of those mentioned counters.
Another two sectors : Trading & Service and Industrial Products ... they are mixed, many over-lapping biz.
Time to rest.
Have a nice week ahead and HAPPY FATHER'S day
Saturday, June 16, 2018
Selamat Hari Raya to all readers and traders-alike.
DOW : well-supported by 10MA (monthly) and uptrending ... will be testing 26,600 level soon. Once breakout, expecting a new high and challenging 30,000 level.
Note : That is how bubble-in-making looks like ... and strong good uptrending... ride it up. Go to US.
Someone asked me about SKpres ... I checked ... nothing there. Sideway 1.35 - 1.65.
SKPres : Awaiting breakout of RM1.65 level.
Friday, June 15, 2018
Nasdaq at new high ... and we are not in bubble, just yet. For crash to come ... we need to see euphoria ... and bubble is building up. Go US ... go for Nasdaq. That was my trading idea last year ... unfortunately, I lost (cutloss) and didn't hold ... now, many at new high.
Example : I bought Apple around USD96 ... now AAPL trading at USD190 level ... and going above USD200 is very likely.
AMD : While AAPL double our capital ... stocks such as AMD was trading around US2-4 ... today at USD16 level, breakout USD15. BUY-hold is the idea ...
Of coz ... for higher risk takers, go for 'smaller' caps ... and more volatile stocks which could still go few hundreds percent. Just make sure you will SELL DURING BUBBLE.
Alright ... buy another Nasdaq counter on pullback. Just bought one last night.
Trading idea : go to Nasdaq ... buy-hold till bubble.
Thursday, June 14, 2018
VS : it was crazy ride yesterday ... as I q to buy at 1.68 and it was done ... and dived to my next support ... got her all the way to RM1.55 ... crazy-fast-furious.
Once 1.55 broken ... we shall see the further downtrend. It has been downtreding ... and I did not check VS for some time.
Wednesday, June 13, 2018
BAuto : Mazda selling well ... profit swell up
EPS : RM4.93 ...more than doubled. So ... up 6cents yesterday. Pending breakout ... so, we wait.
Note : I m not positive in auto-sector ... so, I wont be taking.
GKent : up up rebound ... reported profit up again ... EPS RM3.80
PohKong : not tradable ... don't know why surged so vilolently last year Aug-time ... now should be back to 47cents level. Wont take ... EPS dropped to RM1.05 ... last year Aug profit up. I see
Ok ... time to check markets.