Welcome. I believe the market always want recovery. It will try to recover at every instant as long as it does not crash. i would like to see strengthening at 1655 to complete the cycle of consolidating and moving
Market is in window dressing. Watch the stocks involved. It will be EPS (Growth and Sustainence) in coming results. Forex is taken as a constant in the equation since the same forex is applied in last 2 quarter and therefore the result will be EPS.
We are seeing a catch 22 situation where export stock is concern. Many sold because of the stronger rebound in ringgit. If we look at the sector that is performing, we will see industrial product (i.e. Majority supplying nett export market), plantation, and tech. Tech majority also an export market. For those who sold export stocks must be sure ringgit rebound can withstand this week. Otherwise the export stock will rebound and many will be left with plantation as the buy option. If ringgit rebound is imminent, then those who buy plantation will surely benefit because apart from the rising demand, their export demand also have not been factored in last 2 years. The next 2 days we will know which direction. A migration to plantation or selected tech stocks or a support place back at export furniture. A support maybe place back at furniture counter is because this month financial report is a captured report that factored in upto Dec2015 when the exchange rate was prevailing.
hi simon .. i have always wanted to understand this buy rate + volume thingy ! lucky me that i stumbled upon your blog ... u explained it so amazingly well :) thanks so much for sharing ...
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Posted by HakChai > 2016-01-28 14:57 | Report Abuse
SimonShuet, lneed your help to look and advice on E&O. Thank you Sir