Exit Successfully

Yes, success to exit with profit last week. Manage to sell Resorts at 2.23.

Actually I put sell price at 2.17 before market open. Who knows when market open high in Friday, then slowly decline until the end.

This week, from what I saw after market close today, I think we might plan to select some stock to play. This week may see bearish move. 

Maybank drop a lot in a day. May start to plan the best price to enter for it.

After a week bullish, this week KLCI may fall around 860 level.

Stock to watch in my mind : Maybank, Resorts, Zelan, E&O.

Times Up

I think it is times up for me to hold Resorts. As mentioned yesterday, the Bolliner Band starting to get narrow and the price would hit 2.2 and touch the upper side of the band.

From RSI curve, it is almost the peak. I can said I can't get it at lowest price and sell it at highest price. But I think right now is almost a peak in short term. There is continuous 4 days Up up and away. Today the rise is huge. 

I am not so confident to hold it until next week as next week country will start full of by election news.

To me, what I always recall is don't be greedy. I must follow the rules.

RESORTS still keep on UP

This morning KLSE open lower than yesterday, and the whole day floating between 872 - 876 until after 4pm only saw the upwards until closing still manage to let all see some green but just up 0.9 points. 

RESORTS have quite strong resistance not fall below 1.97. Until mid day, it still manage to get unchanged and at the afternoon session, there is quite a lot of volume to push the price higher. The highest is 2.07 and manage to close it at 2.05. From the chart, we see the Bollinger Band is starting to get narrow and close to the candlestick. Is it represent the rise almost face it's resistance? From MACD, the blue line is staring getting wider and further from the red line.

From technical analysis view, it still have some room to grow. But the candlestick already touch the midline of Bollinger Band. So, the rising will not as much. Probably, 2.20 is the limit.

This is the screenshot where I get it at 1.88. This is where the MACD blue line almost cross the red line. And Stochastic is at the lowest point. Right now, it is the time to think on when to exit. 

Maybe the exit will do it in this week. Next week onwards, UMNO election finished, by election comes. This may have some uncertainty in the market as I guess.

GENTING, RESORTS, ZELAN see bottom !!!

ZELAN (2283) is about 52 weeks low right now...45 degree negative slope.

This company has construction locally, Dubai and others countries.

This stock is dirt cheap...below 50 cents !

RESORTS (4715) is another stock that see bottom...

Starting from March, the stock price drop from 2.20 to about 1.90 right now. There is 45 degree slope in nearest 3 weeks. Today the volume suddenly shoot up to recent peak.

The stock price also at 52 weeks low.

GENTING (3182) another stock that pick to see it reach bottom... 52 weeks low.

In this bearish market it is not hard to find 52 weeks low stock.

In banking sector, Public Bank Berhad is one of the stop that see huge drop.

Meanwhile, bearish market not necessary 100% see red in the sea... There is still some stock moving upwards... such as.. SP Setia, Airport, Latexx.