Guys, just my 2 cents. Have we ever seen a pandemic the size of Covid-19? Have we ever seen countries go under lockdown? The answer is no. Similarly, we have never seen such volume of trades on KLSE. So take all preconceived information gathered for your historical experience and throw it out the window; because it does not apply anymore. Look at the NOW!
Remember. False breakout happen so many times in the past. I'm not sure about this one, looks less promising. Usually when good/superb quarter report comes out, people will sell; buy on rumors sell on news. Go research.
Same trend happen now when TS Wong appointed last 2 years.
I've done scalping with few hundreds profit and I'm out. I will reenter if support level tested and bounce back.
Same chart pattern for N2N too. But notice how little the volumes are when selling for these 2 days compare to the breakout. There is a good chance since they serve bursa too. The profit should follow Bursa. Even in both their report states that they benefited from the selldown and high volume transaction in bursa
Below is the monthly trading volume & value in our Bursa stock market:
Jan 2020: 64.6 B => RM44.2 B Feb 2020: 66.2 B => RM52.8 B Mar 2020: 89.7 B => RM65.5 B Aor 2020: 115.9 B => RM58.6 B May 2020: 120.7 B => RM70.3 B Jun 2020: 160.5 B => RM98.1 B Jul 2020: 214.9 B => RM121.8 B Aug 2020 (MTD): ~88 B => RM~45 B
Bursa earning per share EPS: Q1 (Jan to Mar): 8 sen, Q2 (Apr to Jun): 10.70 sen,
Look at July & August first week trading data, we can foresee that Bursa Q3 will post another set of record earning! Thus, it share price very high potential will move up further as earning prospect look promising as more retailers now participating in stock market due to very low interest rate in current market situation.
Beside Bursa, all the companies that involved in stock trading business like KENANGA, EFORCE, N2N will benefit from this. This could be the next market theme play as all these companies will report record earning as the trading volume & value surge higher and higher due to more and more retailers willing to participate in stock market.
some of them having fix monthly recurring income regardless the trading volume, so pls study carefully, bursa and kenanga confirm benefit directly, the other 2.....
Prospects for 2020
The Covid-19 pandemic continues unabated globally, impacting trade flow and caused significant
fall in GDP across the world. In Malaysia, we are now entering the recovery phase of Movement
Control Order (MCO) whereby more businesses are allowed to re-start operations. But how quickly
businesses can recover is uncertain at this time.
While the economic outlook ahead is gloomy, there is a silver-lining in this crisis. Bursa Malaysia
achieved record high daily trading volume and value in recent months. The new daily trading
volume norm of 7 to 9 billion recorded at Bursa Malaysia seems to have sustained.
These are good news for our customers (stockbrokers and bankers) and to Excel Force. The high
volume transactions contribute positively to our ASP segment and will offset the negative impact of
an economic slowdown.
We are actively engaged with our customers to increase system capacity and capability to meet the
big increase in volume. Concurrently, we are developing new solutions to help customers improve
and digitalise their processes to reduce operational costs.
Given the above and barring any unforeseen circumstances, the group is positive on our future
business.
What the market knows is only average daily volume .what about direct business transactions that running into millions of ringgit lately. Once in a life time to buy excel force guys
Yesterday's trend analysis showed that banker chips have spiked to 67% following the drop last Friday, which mean that the investors are now holding tighter to their shares, while there are no locked chips, meaning there has been no selling from retailers. There is a possibility that a golden cross may be forming in the next couple of days and this could signal further upside soon.
eventhough I hate roger3210 as he commented nonsense @iwcity @ekovest, but this time around, he is right. please revisit my statement during breakout and i told you guys to sell all, it was based on my previous encounter with this stock, she loves to flash false breakout for few times already. dont trap at the same hole, twice. look at what happen when they appointed TS Wong, limit up wei.
what happen now?
sell all and we collect back at support circa 450-475
@tressele, KLCI green eforce still red. I trade this counter few years dah. i know the trend. its up to you, you are the fund manager of your own account. i just share my POV. i just wait to recollect at support. trade wisely and dont be trapped.
learn to read EPS and PE too bro, PE way to high. aiyaaaa....
Alright, 2Q GDP already announced. Hooray, here's a good news. Govt allowing businesses to rehire foreign workers a positive for MyEG. Most likely eforce will benefit from it.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
chyeoh1972
1,685 posts
Posted by chyeoh1972 > 2020-08-07 10:28 | Report Abuse
today i buy more n2n...top up n2n...this one i just q...normally if one day shown only