hopefully not esl_22.. based on last time trend.. it dropped till 0.310.. then within few days moved up to 0.360.. then went sideways before going down again to 0.345 till 0.300.. so trade within this range for safety.. if breakout from 0.360.. then can go high up to 0.385.. lets see how it goes.. after May 21 of the Malaysia Plan, i think we can get a better picture whether the market is going to be stable & bullish or otherwise..
our recent govt scandals & global market slowdown also affected our market badly with so many foreign investors pull out temporary from malaysia..
As long as 1MDB issue is not solved, market will go up and come down again. Remember tomorrow is Friday again and market might go down again. Many were burnt and it is not easy to go up like before.Many prefer to stay sidelined. Be cautious about chasing high prices. Sometimes it is just a bear trap.
@esl_22, my pleasure bro.. good to hear from you too :-)
recently market downturn.. everything also slow down.. chatting also slow down.. need to conserve my energy and persevere during this period.. otherwise when market is recovering/uptrend, will miss the opportunity.. in the stock market, it's all about psychology, endurance & perseverance..
@Raydiant hahaha...yeah..long time...I take a rest....boring market...keep going down...so I stayed on the sideline. But everyday also bad news...1MDB blah blah blah...don't know when it is going to end...worrying. I know I should promote Wintoni...but then now at this time it is different. Many counters are going down. So it is not the usual pattern. Penny stocks all take a beating...going down trend. But you still around talking about psychology, endurance & perseverance...very true....I got sleepless night playing shares when it went down the support...really true. hahaha...
Today is the day I can see some activities back...but still the market is still weak as sellers are all waiting to unload...so be cautious when price rise up too fast too soon. Those trapped earlier will be happy to get out as you take over the baton...that how it goes. Hopefully it will stay green till the evening session or else we will see another red friday...take care guys and good luck to all.
@richkid, agree with you.. this is what I learned from investment course 101 - its all about psychology, mindset, emotions, bla, bla, bla.. preserving your capital, 2% cut loss, money leverage & management.. all the stuff.. FA, TA, etc.. most of the time, its our psychology that play the tricks on us.. the Hope factor, +ve thinking, etc. when the market is really down, TA will get us out..
I know some who no need to go for course also can learn from the guru books and internet around.. good for them!
US & Europe market up.. but our KLCI is RED.. only half counters up.. this counter go sideway.. trade with caution..
friday is normally the profit taking day and also the contra T+4 force sell.. if price is not up, contra players will be forced to sell latest by 4pm.. some before 4.30pm.. hence, if price does not go up before lunch, can think of collecting some at lower price.. For me, I will only collect around 0.310 to 0.320.. bcoz this 2 days already up by 3-4 sen..
afraid operators may want to push down the price to collect some more before going up again next week.. trade with caution..
Hope it will be up on next Monday. Otherwise, it will be a trouble on Tues as Tues is T+3 for those who bought the share on 14 May (Tues) when it had big jump.
Yesterday, WINTONI’s share price increased 2.5 sen or 8.6% to close at RM0.335, settling above all its key SMAs. The stock has broken above its multimonth immediate downtrend resistance-turned-support of RM0.315 on heavierthan- average trading volume. The bullish reversal play is also displayed in the technical picture with all the technical indicators trending upward especially the Stochastic indicator which rebounded sharply from oversold territory with a positive crossover. We believe the share price will rally towards its recent high of RM0.42 and thus we are issuing a “Trading Buy” call with a target price pegged at RM0.42 (R2). -Kenanga.
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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....
RAYdiant
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Posted by RAYdiant > 2015-05-14 11:19 | Report Abuse
Wow.. even my 0.330 also cleared (100 lot for testing).. waiting for 0.350 hopefully..