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