Thursday, 6 October 2016

Dear Retailers,

KLCI up +1.67 to close higher at 1,662.92, DJIA is bull and is currently at 18,293. Crude oil broke 50 resistance and is trading at 51.9. USD strengthen agains MYR and is currently at 4.1497.

OIL up, USD up, KLCI UP, DJIA UP, Thursday can monitor export stocks and oil and gas stocks. Please choose those with good FA only.

Thursday 06/10/2016 market ideas:

HOHOHO good good market this Thursday !

1.      WCT: mainly playing on budget announcement. Strongly supported at 1.64. can monitor or put into your watchlist.

2.      HEVEA: It is trading at its resistance of 1.27, which will determine whether it will break out or not. You can que lower , or you can buy at breakout 1.28. Cut loss if it goes below 1.24.

3.      TALIWRK (monitor this, super fishy !) I smell announcement soon! Breakout with volume! good for FIFO play. Support 1 is at RM 1.50, and cut if it closes RM 1.49 or lower

4.      OWG : bullish signs appear, OWG cut if below 2.24.

5.      SKPETRO and DIALOG to rally along with oil. SKPETRO cut if below 1.59 and DIALOG close below 1.5 then cut loss.

Continue to follow:

1.      Kimlun (midterm): First highlighted two days ago when price was 2.14. any pull back is a good chance to enter and remain TP of 2.50.

2.      IQGROUP (midterm): highlighted two weeks ago, but due to sell down for no reason. I see potential in this stock due to their business nature which is the next IN thing Internet Of Things. Investors alike are collecting and this is a good level to enter.

3.      OCNCASH (midterm / contra) both also can. As long as it stay above the 0.4 line, it will have chance to shoot up.

The oracle tells a good Thursday!

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