My Trading Adventure
KLCI : The analysis
CP TEH
Publish date: Thu, 06 Jun 2013, 07:42 AM
CP TEH
0 2,918
All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
This is a daily chart of KLCI. here are some analysis we discussed in our e-meeting last night.
1. The horizontal support at 1667 and expecting KLCI to retrace back to this current level.
2. below 20MA
3. It is forming lower high now.
4. Note a high RED volume(31st may).
5. Technically, the gap will be covered. So, breaking of 1750 levels ... we shall see 1720 again.
With that in mind, KLCI is bearish for coming weeks. Need to reduce and hibernate again?
We shall watch.
note : MHB shown a VERY strong technical rebound and those bought into her below 3.30 (few in my group), I have asked them to take profits yesterday. Still waiting for signals in Parkson, but giving her a skip as I went into something else for technical rebound.
STI : At support, oversold .... nice technically for rebound. So, I will do some homework on some spore's stocks .... time to go down-under.
TEH
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=== last friday 31 May closing ===
KSL 2.27
MBSB 3.08
SKPetrol 4.5
Pharma 4.96
P&O 1.83
Sunway-wa 1.27
MHB 3.17
=== 06 June half day ===
KSL 2.16
MBSB 3.04
SKPETROL 4.17
Pharma 4.73
P&O 1.56 (ex dividend 0.1899)
Sunway-wa 1.13
MHB 3.57
2013-06-06 13:55
careful, some punter traders still around... need to frighten them off first, so that they don't find anything to blame for their own incompetency..
2013-06-07 07:57
cut loss . cut loss.. cut loss.. vomit out.. vomit out.. vomit out.. hahaha sorry for enjoying.
2013-06-07 08:12
shirley1, thanks for your reversed (those down instead of up) analysis.
at least for a change of mindset. not only those counters going up can make a profit but also those in correction, provided don't catch a falling knife!!!
2013-06-07 08:28
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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I like Wilmar on STI. The price has come down a bit since this week.
2013-06-06 09:15