Monday, 26 September 2016

Dear Traders,

On Friday, the FBMKLCI closed higher at 1,670.99 ( +1.33 or +0.08%). Hopefully it will linger around the 1,670 and 1,680 level for now and not be affected by the bearishness of the DJIA during Friday.

Korea’s KOSPI, Indonesia’s IDX, Taiwan Weighted, and Australia ASX closed HIGHER, while

China A50, Nikkei and HSI Closed LOWER.

·        The USD opened STRENGHTEN against our MYR at 4.126.

·        Crude Oil prices fell to 44.62.

The DJIA opened on 18,377 and closed 18,261 on Friday. I hope this wont affect our Market’s sentiment today.

Stocks to watch are:

TNLOGIS(26/sept): Seems like want to breakout into new high. Cut if close below RM 1.68

ANNJOO(26//sept): To be honest this counter is love. I have this since may, and still holding some, because I think there is still more to go. Not many sellers along the way. May expect some pullbacks, Cut if close below RM 2.0

Stocks follow up :

IQGROUP: Don’t worry about this, just let it smooth sailing for another month. I see it breaking RM 2.40 soon.  

Don’t let Monday Blues beat you until BLUE Black ! Be Courage and do not FEAR !

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