Friday, 30 September 2016

Dear Traders,

KLCI after undecided for two days today show some sign of bullishness and closed at 1669.64 ( +4.58/ +0.28%)

Bulls everywhere except the German DAX.
Australia S&P/ASX 200, Indonesia IDX, HSI, Japan Nikkei, Korea Kospi, and Taiwan Weighted up up.

·        The USD Weakened against our MYR and closed at a low of 4.112

·        Crude Oil prices rallied at OPEC’s agreement and closed high at 48.03

DJIA closed higher at 18,325. BULL!  

Yesterday, stocks such as Arank(good result + breakout with volume), Skpetrol (due to OPEC’s deal), Ocncash( Breakout with volume), cscsteel (some steel continuation) moved.
 

As predicted, Pestech went up too fast and I warned you about the bull tripped by bear. Comfort hit a high of 0.81 and closed lower at 0.78.

Todays stock to watch are :

1. OCNCASH most likely to move up higher ! reach the sky !

2. AMFIRST- SUPER POWER TODAY! Tomorrow continue, cut if this closes below RM 0.80

3. Hiaptek- should be falling already due to not so cantik QTR. (I hope people don’t get trapped by this)

Market might be slow, because Monday is a holiday. Anyways TGIF !

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