After SHORT trade call this morning, the market has been moving sideway at 1067 level. Great uncertainty level. Since tomorrow is the election day and the results could have affected the market greatly especially KLOFFE, exiting today will be a better option. Since this is a short term trade, I have the STOP LOSS [...]
Archive for August, 2008
Bursa KLOFFE - Sideway market..
Bursa KLOFFE - Short Trade
It seems like 1072 has become a strong support level. Short trade should be called in now. Exit if the EMA crosses. the profit objective could be somewhere 1065 level. No demand on up bar has been seen repeatedly since this morning. Many traders have sit out the trades because of the by election [...]
Beginner guide: How to invest in share market - Part I Introduction
Introduction
Being a beginner myself about a year ago, I know that finding the right and useful information on the Internet about investment is difficult. Don’t get me wrong, there are many sites featuring ways and formula that promise to get you rich soon. But most of these require subscription or attendance to seminar which cost [...]
Stock Review: AFFIN - Reversal
Our discipline of keeping the STOP LOSS and not affected by emotion has paid off well. The price has rebounded once it hits the 23.6% Retracement Level. The next level resistance is at RM1.85 - the previous congested area. Expect some fight in order to progress further. Trail your STOP LOSS to RM1.80 if [...]
Stock Review: Genting - No Demand
Genting has been supported at the RM5.60 level which we discussed in the previous post. However looking at the price and volume action, it seems like the market is not interested for any up move or down move at the moment. I would recommend to keep Genting till further time. But it moved further [...]
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- Bursa CPO - Possible Reflection Point
- Bursa CPO - This is the reflection point
- Bursa CPO - it is just too weak…
- Bursa CPO - lossing strength..
- Bursa KLOFFE - Still looking at short
- Bursa KLOFFE - Down Trend if break 1800
- Will be back…
- Bursa CPO - STOP LOSS still intact..
- Bursa CPO - Trail STOP LOSS to 1837
- bursa CPO - Stopped out! Turn SHORT!
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David Kong