First time trading BAT ... as RSI dived to 15 yesterday. Rebounded today.



BAT : bought yesterday and opening at RM43 today ... sold along the way up with last portion at RM47. It rebounded too strongly for my liking. RSI was 15 yesterday ... allowing me to enter but now at 33.3. Well, the immediate resistance at RM49.50 (10MA) ...

		3	4
		RSI	RSI
	KLCI	26.2	30.3
1	Ambank	44.6	50.3
2	Astro	31.5	38.4
3	Axiata	35.0	33.5
4	BAT	15.7	33.3
5	CIMB	37.4	46.2
6	Digi	21.2	20.7
7	GenM	46.4	53.8
8	Genting	37.0	36.7
9	HLBank	37.7	48.1
10	HLFG	49.2	48.7
11	IHH	28.2	46.2
12	IOICorp	37.1	36.2
13	KLCC	60.6	54.3
14	KLK	34.5	31.0
15	Maxis	19.8	20.9
16	Maybank	33.8	40.0
17	MISC	26.7	27.7
18	PBBank	34.2	51.2
19	PChem	42.3	38.6
20	PetDag	43.9	39.7
21	PetGas	46.9	46.2
22	PPB	41.2	39.1
23	RHBCap	49.7	46.6
24	Sime	37.5	44.0
25	SKPetrol	29.7	26.5
26	Tenaga	44.9	44.9
27	TM	57.2	47.6
28	UMW	37.1	36.4
29	WPRTS	54.7	55.6
30	YTL	37.5	40.3

Yesterday ... we have 6 oversold stocks ... today, with BAT and IHH rebounded ... we are left with only 4 oversold stocks. KLCI also rebounded ... but I do not see it sustainable and still prefer to keep cash ... shop again when KLCI's RSI below 25

SKPetrol : Dropping further ... exiting of Seadrill news.

So ... I am left with Digi, Maxis and Misc. KLK dropping too. PPB formed a hammer ... hmm ... shop for?

Note : Focusing into my blue-chip funds will be a good idea ... buy only when it is oversold.

TEH