As predicted, the KLOFFE gapped down due to DJIA performance. So the revised plan will be to go short if break down 1140 on hourly chart (EMA & MACD crosses). Trail STOP LOSS @ 1140. Long if the trend breaks up to yesterday’s closing level (1154).

Yesterday, DJIA was not doing well after more bad news out from the financial sector. It declined 239 points. I would think that KLOFFE could open low today. So our strategy for the day will be short if it breaks down 1148 level (observe EMA crosses & MACD turn weak). However if it continue to [...]

The Bursa KLOFFE has congested @ the 1150 level. It has been moving sideway with low volume for sometime now. This indicate that the market is not ready to move beyond this level. At this moment, the move will be strong if it moves either way. For short term trader, you could take profit now [...]

Refer to previous post, a long position call was put if the price is above 1135. Now, it is time to look for exit point as it hit the 1150 resistance point. I would think to exit if DOJI, Up thrust or when the EMA crosses.

Continue to observe Gamuda for these couple days. It is within a trading channel. The next support level could well be RM2.50. You could buy now and put the STOP LOSS @ RM2.50 and take profit (for short term trade) @ once it touches the channel. If you’re in long term trade, you could hold [...]