Malaysia Market direction on coming week (early August 06)

Malaysia Market direction on coming week (early August 06)
1)The Market uptrend signal has appeared on the last week.(refer to my last post for the detail)
2)In this stage of uptrend , only some counter can be contra, and it is suitable for position trading.
3)Position trading will allow you to gain more profit than your intraday or contra trading.
4)Only the counter with good momentum are good for position trading, Counter like, Rsawit , BCT tech and etc are good for position trading.
5)Speculative counter like, Eden , Leader will have potential to move higher after its consolidation.

Eden and Leader
1)The eden immediate support to be located at RM0.56
2)This counter has shown its strengthness on last week, if you see this counter can stay above 0.56 then its has higher probabilty to move up.
3)base on the chart, this counter can not below 0.49, if Eden below 0.49 , will be a dangerous sign, pls take note.
4)I dont forcast how much it will raise up, but we will base on the chart signal to execute the exit point.
5)Leader support is located at 0.43 , this counter is a follower of Eden, any major move on Eden will affect Leader too


Happy Trading and Good Luck

BullBear on 25Jul06

1)The early signal has appeared on the uptrend.
2)In the early uptrend, pls donot contra too much, it is suitable for position trading.
3)Position trading will allow you to gain more profit than your intraday or contra trading.
4)Only the counter with good momentum are good for position trading, Counter like, Rsawit and etc are good for position trading.
5)The market now is solid on the CI 100 link counter. but sideway on 2nd and 3rd liner, so donot contra too much.
Happy Trading and Good Luck

Sideway market

As continue from last week, the charateristic of raise of index and fall on counter has signal selling pressure on speculative counter , 2nd and 3rd liner which i have mentioned inside the last post comment section.
Therefore the market now is enter into a sideway market. Honestly , i like the sideway market , we need to standby our capital to fight for a high winning probabilty game, one high profit margin and high probabilty game will appear, Once again, i will update inside this blog, if the signal appear.
Again, in sideway market, pls dont intraday trading and contra, you winning percentage is low.

Market direction update on 19Jul06

Well, we have seem the technical re-bound which expected happen on tuesday(18/7/06) and unexpected sell down on majority speculative counter ex; Iris, MTDinfr , tebrau , Polytwr and etc...

My advice here on short term are;
1)To avoid or side line the speculative counter for a while , we need to wait for the market to be cleared then we start to put in our troops again. Seem like the sell down is target on speculative counter.
2)As i have mentioned many time , our CI have to stay above 915 and steady then our market will extend its strength to another level (early stage uptrend level). the immediate CI support at 898

Happy trading.

Market Direction for very short term.

Market has entered into profit taking correction, its immediate support located at 898 .Market momentun is still intact as long as it can above 900.

By base on today (17/7/06) market movement, its has found to be support at above 900,we can see that market selling force has been reduced, below are the event to be appeared;

1)Technical re-bound will be appeared in short term and the resistance to be located at 915.
2)Since we has exit market on last Friday, we are able to enter market to buy at the cheaper price on technical re-bound.
3)Counter to be monitor for technical re-bound; Sugar , RHB , Tebrau and etc....
4)If you join for the technical re-bound, pls remember to put on your profit taking and cut loss point.

17/7/06 (Monday) closed at 902.7


Happy trading.

Market uncertain and Stay sideline

The crisis on middle east and the oil price is keep increasing, the market is uncertain now . Look back on our CI from 883 to 929 it has been climbed up for 47 point and market has shown slow down on all index. Pls reduce your stake and stay sideline until the market is clear then we start to put in our troops.

NOVA , NSCOM and GHLSYS

The main board counter has been moved for a month, and now its about the time for masdaq counter , the above mentioned NOVA, NSCOM and GHLSYS believe will help to push mesdaq to another level. Please set your profit taking point and cut loss point accordingly.

The closing price for the following counter 0n 7Jul06 are;
1)NOVA-RM0.12
2)GHLSYS-RM0.25 and
3)NSCOM-RM0.245

Even market is profit taking on certain counter and cause index to drop, but the market volume indicate that the KLSE is still intact with the uptrend.

Happy Trading.

Will CI move to solid uptrend stage (Phase 2)?

Our CI has move into a very early trend, from 890 to 917 ( here we call phase 1), and it will facing a strong resistance which located at 922 ; thing we need to take care on coming week
1)The profit taking will take place .
2)The support level has move from 900 to 907.
3)Watch out for the CI , If CI able to above 922 , the trend will be change from early stage to solid stage.
For the solid stage, we call Phase 2 (If move to phase 2, i will explain on its charateristic).
4)If the CI enter to phase 2, you can consider to pump in more capital; for example 60-70%

Premium 9458
1)The upside signal appeared 5 days ago.
2)Currently is forming uptrend base. ( take note)
3)watch out on any trading day, afternoon session, if above RM0.30, this counter will be the black horse.
4)You entry point should be RM0.30.
5)30/6/06 close at RM0.245
6)Pls set you cut loss point accordingly.