KLCI hit 1808 in the morning, but managed to close above 1800. As 1811 is a resistance, with Dow up about 40 points now ... it should be hitting 1811

So, should we be buying when RSI nearing to 70? It is at 67 at the moment. We buy when prices at low ... noises not around ... and since the shutdown drama is over, noises are back ... we SELL.

So, to me YTL is a SELL ... RSI at 71 ... at resistance 1.62, formed a doji today ... index-linked. SELL. I sold all my YTL-cr but some of them staying put to see YTL moving to RM1.68. I do not hesitate to sell for profits.

HapSeng is certainly a SELL ... what a strong good uptrend due to heavy share buyback. Shooting star with RSI 89? Phew ... wat a good profit riding on her(HapSeng-wa done much better, of coz).

TNLogis is given(to my stock watch) around RM4.30-RM4.40 ... well, closed at RM4.80 ... with RSI 75? Ok, if hitting 4.90+, SELL.

MPHBCap ... as our entry at 1.62-1.62 ... hitting my target 1.78, not nice candle-stick today, RSI at 80 SELL.

So ... my view is simple ... when chart is bullish, hitting to new high and we have 5-10% profits, SELL ... take profits ... go out to play and come back again when suddenly bad-news are in town.

By the way, CPO seems to be showing good BUY signals. Will write on that ...

night

TEH