First time trading BAT ... as RSI dived to 15 yesterday. Rebounded today.
BAT : bought yesterday and opening at RM43 today ... sold along the way up with last portion at RM47. It rebounded too strongly for my liking. RSI was 15 yesterday ... allowing me to enter but now at 33.3. Well, the immediate resistance at RM49.50 (10MA) ...
Yesterday ... we have 6 oversold stocks ... today, with BAT and IHH rebounded ... we are left with only 4 oversold stocks. KLCI also rebounded ... but I do not see it sustainable and still prefer to keep cash ... shop again when KLCI's RSI below 25
SKPetrol : Dropping further ... exiting of Seadrill news.
So ... I am left with Digi, Maxis and Misc. KLK dropping too. PPB formed a hammer ... hmm ... shop for?
Note : Focusing into my blue-chip funds will be a good idea ... buy only when it is oversold.