the US interest rates has more or less peaked, once it starts reversing, tech will start on the opposite direction. There's an inverse relationship between tech and US interest rates. This coupled with MI's growth potential and favorable valuation, we're looking at one helluva potential upside next year !
MI closed 1.88, + 7 sen. Nice. KLCI also closed green today, hopefully, everyone making record profits. Thank-you MI together with MAYBANK and 26 other green stocks to offset 6 reds to bring my portfolio to new all time highs again today. What a great start to 2024 after a very strong 2023!
MI closed 1.94. Nice. Keep testing that 1.94 resistance. If it breaks that, Alternate Price Projection target is RM2.17 eventually, after passing some more resistance.
I would not sweat a bit especially the huge 10mil forex loss was unrealised. No biggie because all semicon companies do biz in usd therefore provide a nature hedge against forex fluctuation.
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Posted by 家俊 > 2023-12-05 11:15 | Report Abuse
fib channel and basic SnR. quite accurate for me. but for somereason someone dont like my opinion and bash me last time 😂