Posted by Datuk Seri Rick Walker > 2020-04-12 12:18 | Report Abuse

With another 2 weeks extension, we may see bursa enters consolidation phase!
Bursa is already in overbought territory! We could have seen a short rally if MCO was lifted! But since we going into extra extension, you should know what to do!
Anyway, i did buy some last friday on dip! I may have to sell them on contra!

Posted by Keyman188 > 2020-04-12 12:23 | Report Abuse

Hope I am wrong otherwise members here sure ban me....kekeke...

KLCI will retest 1332 level & 1308 level again....

Posted by Datuk Seri Rick Walker > 2020-04-12 12:30 | Report Abuse

Keyman! Anything is possible but i don't think this consolidation with be as severe before MCO or first week of MCO! Because phase 3 will be the last! Unless new infected cases never drop below 100 a day, then there may be extension again!

Posted by ahbah > 2020-04-12 12:37 | Report Abuse

2 wks MCO extension oredi foreseen by the mkt lah. Our Pak Din did the right thing n next week our Bursa will shoot UP beyond our imagination lah !

Posted by Datuk Seri Rick Walker > 2020-04-12 12:42 | Report Abuse

Ahbah! Agreed! This 2 weeks extension already anticipated1

Posted by Keyman188 > 2020-04-12 12:56 | Report Abuse

Now I'm not concern Malaysia market...

Global investors now watching closely US market...

Virus outbreak unprecedented faster than what global market thought...

US now tremendously more & more ppl infected....

Further more, US stock market already rebounded by 28% from March'20 low....

Just less than 3 weeks time period....unbelievable....

I personally view that, 1 or 2 times again for "circle breaker" again...

Very high possibility US market can reach 45% off from peak level...

Be alert...Be alert....

Posted by Keyman188 > 2020-04-12 13:06 | Report Abuse

Furthermore, I saw last few days Rakuten report...

Recently about 11,000 newbies start opening trading account to bet this turmoil market....

Actually good sign for Bursa because new blood join in for battle...

But...bad point is majority newbies any experience to tackle unprecedented great depression or crisis !!!!....

How many newbies willing spend more time for self-learning rather than listening to other before battle at Stock Market !!!...

How many newbies willing & agree to face the coming losses (if wrongly bet) !!!......

Don't forget...our Malaysia household debts standing about 85% of GDP...

How many newbies definitely have own "Extra Savings" to bet this market turmoil !!!.............or Perhaps just based on borrowings to battle !!!.........

Posted by ahbah > 2020-04-12 13:14 | Report Abuse

11000 newbies ... 100 % proof FOMO disease is spreading like wild fires now ! Far more infectious than covid-19 !

Posted by ahbah > 2020-04-12 17:48 | Report Abuse

Newbies most often got first time lucky. They often make esi moni when they first masuk the mkt.

Oldies often curled up in tiny holes like tikus when shares are chip !

Why ?

Posted by gemfinder > 2020-04-12 20:25 | Report Abuse

Good.. I can make,more,money from newbies