My Trading Adventure

KLCI back at 1650 level

CP TEH
Publish date: Thu, 30 Jun 2016, 10:13 AM
CP TEH
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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.
Mornin to DOW V-shape recovery caught me buy surprise. Shorted DOW yesterday and in paperloss now. Didn't expect such a sharp rebound ...

In KLCI, we see many stocks making recoveries and moves too ...



SKPetrol : Fantastic ... as I sold at above 1.35, it dived to 1.29 low ... now at 1.48 ... wow. more than 10% rebound ... a mere window-dressing?

When market sentiments improve ... we shall see many showing rebound but we will be thinking if it is sustainable?

After sold off many before Brexit risk, I m giving the V-shape rebound a miss. Yes, time to stay patient ... wait for that sharp correction. Recent Brexit DID NOT shake KLCI much ... so, I dislike the current 'support' by local funds ...

Going to take break today and focus in my tuition.

Have a nice trading day.

TEH
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