Haiya sad, its ok man. Hahaha, I could be wrong. 2mr might fly

Wah mercator drops 15%

I sold all today to safeguard my profit, hopefully it fails lol (although very unlikely). Give me some Christmas presents.

I think the whole bursa might slide until the parliament budget voting is decided, unless investors expect budget will surely be passed

If budget is passed, then sailang back in

When you are +ve later, run. Then long term trend is no longer there.

I would say get out at breakeven/profit if possible. The long term trend is no longer there. A lot of the gloves already closed below 200 EMA

Btw, what time is today's parliament budget voting?

Has it ended? Update here when it is ended, I want to see how investors react

Already dropped back, I think investors expected the budget to be passed.
So no boost from budget passsing.

Still waiting for the pullback in finance index with the confirmation of no supply to re-enter

TS is trying hard to paint the chart. All supplies he sapued.

For bank counters,
Daily chart looks like no demand to me. Price unable to break high with diminishing volume - which translates to no demand at this price at this moment.

I am still bullish on the long term. Just within this short period of time, consolidation/pull back will be expected.

Finally, opportunity for you to get out breakeven, hopefully at a profit

Get out when you have the chance

This post has been edited by HereToLearn: Dec 16 2020, 11:14 AM

You didnt manage to sell again? Still havent breakeven last time? Or you got greedy again?

Super greedy . greedisgood 99999999

Next 3 quarter results will not be as good as the previous quarters. Their QRs are somehow cyclical, always the best in Q3, worst in Q1.

For cyclicals, you want to buy when they are performing at their worst, not when they are performing at their best.
E.g you want to buy cyclicals in a recession not at the peak of economy.

So same for FPI, you want to buy when the QR is worst, not when it is best. Good luck . For super short term trading, you can still give it a go. But, you indirectly increases a lot of your risk because the longer term trend is still downwards. At least wait for the release of the QR1 to make it drop, then you enter.

E.g. You can still earn heaps buying the downtrending gloves at its peak in October, like a lot of our advanced traders in this forum if you are good - playing the mini occasional rebound.
But for new kakis, it is best to avoid.

This post has been edited by HereToLearn: Dec 18 2020, 06:07 PM

Aunty, notice me!!

Lai liao lai liao. More in kambing.

Heaven for many advanced traders here.

Those who made killings in the 3 roller coaster rebounds since Nov22. Deserve my respect - being able to play with fire and come out unscathed

This post has been edited by HereToLearn: Dec 20 2020, 07:43 PM

USD eroding.
Let it drop dulu, boys. PE band chart already much higher than average of PE 7

The report says
The cocoa butter ratio weakness is expected to last until 2H21, when demand picks up again. Until then, uncertain demand and fierce competition will pressure margins.

We believe that the group will experience a difficult FY2021. There is still too much uncertainty concerning the circumstances surrounding the LID to forecast a strong recovery until at least 2H21

This post has been edited by HereToLearn: Dec 21 2020, 05:14 PM

Too many future and options contract? hahaha.

As long as their revenue is growing and profit margin is somewhat stable then ok la. But now, still too high for long term investment