GAMUDA - Did You Respect Your STOP LOSS??

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Did you follow the recommendation in previous post to exit the trade. If you have not and believe that it will rebound some times later, then you have succumbed to the human emotion. This is exact situation which most people will be trapped and become the SHEEP when the tiger unload their shares. The weakness was the high volume up bar on Friday. Get out before it is too late.

Profitable trade if you have followed the STOP LOSS.

PUBLIC BANK - First Time Tested @ RM9.90

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Public Bank has been tested first time @ RM9.90 since the “Black Swan” after March election. Remember, our STOP LOSS is RM9.90. Observe for next day or so whether it will break through this resistance.

RM0.20 - RM0.30 loss if PBB broke down from RM9.90 level.

RAMUNIA - Further Sell Down!

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The down trend has followed thru today. It is “mushroom” down now. Not a good sight! This is a profitable trade if you have followed the STOP LOSS.

GENTING - Not Looking Good

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Sorry for the bad news, but Genting like other blue chip counters has also been heavily affected by the KLCI sell down. RM5.60 would be our 50 days MA support level. But with the KLCI continue to sell down couple with DJIA big fall, this could easily fall out of it. Be ready to cut your loss once this level has been breached.

RM0.20 - RM0.30 loss if GENTING broke down from RM5.60 level.

AFFIN - Support @ 23.6% Retracement Level

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Could the Doji means Stopping Volume? Is it going to reverse? This is the million dollar question no one can answer. Because the volume is not significant for a reversal, the price is just temporarily supported. It requires a great deal of volume to push it up (but not ultra high). Remember, our STOP LOSS is RM1.65.

RM0.20 loss if AFFIN broke down from RM1.65 level.

SP SETIA - Price Knocked Down by Weakness!

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As discussed in previous post regarding SP Setia, the weakness presented itself last week on the Friday’s high volume up bar. The price plunged since Monday. Now it is outside the trade channel. It is an exit sign. Our STOP LOSS was RM3.20. This is a profitable trade if you have followed the STOP LOSS.

DRB - Sell! Sell! Sell!

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As per discussed, weakness indicates that big players are not interested in DRB. The price was momentarily supported @ RM1.00. However the down move continue after that broke the RM1.00 support, closing @ RM0.955. Not a good sign. Exit now if you have not! This is a profitable trade if you have followed the STOP LOSS.

SCOMI - No Demand

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SCOMI broke out from the channel after on down move for three continuous day. The low volume indicates that there’s no demand in the counter. Perhaps no demand in KL market as a whole affect this counter. Recommend to exit the trade.

RM0.02 loss if you exit trade @ RM0.65.

As a conclusion, we have exited most of the position due to the weak market but mostly with profit. Remember the rules of position sizing (2% of capital - refer to the Trading Support section). This is the situation will wipe out your account if you have not used the rules to mitigate your risk. Most important of all, respect your STOP LOSS!!!

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