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 STOCK MARKET DISCUSSION V150

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Bendan[520]
post Dec 9 2020, 04:25 PM

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QUOTE(tommy2468 @ Dec 9 2020, 04:23 PM)
Haha, macam Demi God like~
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Thank you all for crowning me demi-god just cause I take credit for technical signals.

Thank you all for support tongue.gif
Bendan[520]
post Dec 9 2020, 04:29 PM

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QUOTE(gapipig @ Dec 9 2020, 04:26 PM)
Can you name a few counters so I can start some research? biggrin.gif
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Im currently eyeing on these:

tech/semicons
- TGUAN (waiting for signal)
- UNISEM
- UWC (too high up wait for big pullback)
- MI (should go again next year)
- KPOWER
- SLVEST
- D&O


Steel
- LSTEEL?


Banks
- BIMB
- CIMB (waiting for pullback, got upside)
- MAYBANK (long-term)
Bendan[520]
post Dec 9 2020, 04:35 PM

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QUOTE(HereToLearn @ Dec 9 2020, 04:33 PM)
Agree on bank picks,

but for steel, there are better steel counters out there than LSTEEL
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Ya LSTEEL is a technical play for me..
Bendan[520]
post Dec 9 2020, 04:36 PM

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QUOTE(gapipig @ Dec 9 2020, 04:35 PM)
I see a lot of them are already quite high based on recent charts... are they too late to join in ? hmm
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Yes and no, do your DD. Im waiting for pullbacks with technical breakout..

then again, it depends on your risk appetite, don't chase high..
Bendan[520]
post Dec 9 2020, 04:50 PM

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QUOTE(tommy2468 @ Dec 9 2020, 04:42 PM)
D&O is time now~~~
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Haha ya man!

but wait for stopping volume, may pullback lower.. but good counter blush.gif



Bendan[520]
post Dec 9 2020, 04:52 PM

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QUOTE(gapipig @ Dec 9 2020, 04:48 PM)
Another question right... so I bought vivocom at @1.1 it dropped for quite a while... kept floating around 0.82+/-

I don't need the money, I can hold for as long as I want. Should I average down if it goes lower to say 0.75++ ?
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Bro, if I were you I would get the hell out of vivocom.. shit counters not worth keeping..

It is goreng counter.. long you keep higher risk of losing all your money.
Bendan[520]
post Dec 9 2020, 05:01 PM

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QUOTE(skty @ Dec 9 2020, 04:59 PM)
see if tomorrow FDA announcement can make the glove price drop further.

wait for opportunity to finish my collection until my neck long liao.  laugh.gif
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Which counter you collecting?
Bendan[520]
post Dec 9 2020, 05:02 PM

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QUOTE(angkhian @ Dec 9 2020, 04:59 PM)
Sorry to confirm, is the buying volume in Supermax super high?
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Yesterday's BUY volume 26mil
Today's SELL volume 23mil

Basically saying that yesterday's buyers are all gone.. only left fast money in and out..
Bendan[520]
post Dec 9 2020, 05:07 PM

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QUOTE(gapipig @ Dec 9 2020, 05:05 PM)
that would suck but 3-4k gone, not the end of the world. But still suck though.

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If you hold long term, your capital depreciates to 3-4k..

If you realize it now maybe you incur a 2k loss, but you can use your capital to earn back the 2k within a short period instead of having your capital stuck there slowly depreciating in value over the years..
Bendan[520]
post Dec 10 2020, 10:03 AM

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Bursa KLCi index trading above 1600 and yet not many stocks moving, signs of top-ish feeling.. hopefully no sudden retracement..
Bendan[520]
post Dec 10 2020, 10:04 AM

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QUOTE(icemanfx @ Dec 10 2020, 10:02 AM)
US market is more liquidity, transparent and less manipulative than bursa. however, price rise and drop is often more drastic than bursa is not for the weak hearted.
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This is why US stocks have more potential..

People can day trade stocks above $20..


Here we can’t movement too slow.
Bendan[520]
post Dec 11 2020, 10:31 AM

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QUOTE(Boon3 @ Dec 11 2020, 10:30 AM)
That's why the current rally should be called HOPE rally.

But then ... some would say ... stocks are always priced to the future..

It doesn't matter how the company is currently performing (earning wise), the market is only interested in what the stock will earn in the future....

lol ... best example .... TG...

in March... many whacked into glove stocks .... were the stocks really earning big money, then? NO.
However, the expectation is due to the pandemic, the stock will earn fantastic money in the future....

Hence, IGNORING the current earnings... stocks like Supermax and TG returned investors/speculators/traders/punters multi baggers....

They were CHASING the future money...... while ignoring the present.
Ahhhh.... from this perspective .... I am sure you know what I am getting at....  doesn't this forward thingy giving us a great understanding?

Despite the unusual, the terror, the fantastic, the boom boom pow earnings companies like TG are reporting ... the market is .... ignoring it. Correct?

If so ... one just gotta ask this ...... is the market pricing the glove stocks to its future earnings prospects?
think about that......
icon_rolleyes.gif
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In conclusion, glove trend is already over. Or far from the rally in march and august..
There wont be bursting up prices like the previous months, maybe a slow climb? But for now, it is still in downtrend until the charts shows otherwise.

This post has been edited by Bendan[520]: Dec 11 2020, 10:31 AM
Bendan[520]
post Dec 11 2020, 02:53 PM

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QUOTE(HereToLearn @ Dec 11 2020, 10:55 AM)
I think they are equally important hahaha.

If you buy into a fundamentally strong company without technical you have to wait until people starts pushing it.
with both technical and fundamental, you can buy good companies with people already pushing it and earn money much faster  rclxm9.gif
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Well said..

That's what I meant..
Bendan[520]
post Dec 11 2020, 02:57 PM

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QUOTE(Boon3 @ Dec 11 2020, 10:36 AM)
Currently, it appears to me, the market is saying so......

but you know la.... stock market.... sometimes like siao char bo .... sometimes want... sometimes don't want.... tongue.gif
so unless, if the market is convinced that, for example, the glove players can maintain their ASP way past usd150 or even usd180 in the future, the sector could make a massive come back...

yesterday, the edge spit out an article focusing on ESG issue on TG ..... i was like.... what? what is that? laugh.gif
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I love gloves! beautiful fundamentals..

But my trading style not suitable for gloves right now as I'm in for short-mid term trading. I can't buy gloves now and wait 2 years for it to go up..
Hence to me, technical analysis helps me do short trades and get some tiny profits from it. But of course holding gloves is good but just not right now.. I'll be back to gloves when I see trend and hot money coming in biggrin.gif
Bendan[520]
post Dec 11 2020, 02:59 PM

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QUOTE(kembayang @ Dec 11 2020, 02:57 PM)
But the problem now is which counters match both criteria?
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In short..


Follow TA now = Short term trading
Follow FA now = Long term trading


Follow both TA and FA = win blush.gif


No right or wrong, just personal preferences.


Take KPOWER for example..


TA and FA good, trending stock. Buy already hold few weeks double up.. can sleep well and have good dreams..

TA gives the counter explosive price growth
FA gives you the confidence to hold during pullbacks (sleep well at night)

This post has been edited by Bendan[520]: Dec 11 2020, 03:00 PM
Bendan[520]
post Dec 11 2020, 03:09 PM

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QUOTE(kembayang @ Dec 11 2020, 03:03 PM)
TAFA sifu  notworthy.gif
Can give me tip to go in good TAFA stocks?
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I can't help you, I'm here just to chat and share news..

Else somebody will call me self bragging demi-god..


and I'm no sifu just a newbie trader. biggrin.gif
Bendan[520]
post Dec 11 2020, 03:14 PM

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QUOTE(Vanguard 2015 @ Dec 11 2020, 03:12 PM)
I am currently holding Kossan in my portfolio. It is now down -8.25%. Interesting. What should I do now? Decision...decision.  smile.gif

Sold off Carlsberg this morning for RM21.260. It went all the way up to RM22.480, more than +7%. Interesting again.

Public Bank which I sold just a few days ago is now on steroid. Now up +8.22%.  Very interesting.  biggrin.gif

What to do with the banking stocks now? Sai lang for a quick kill? If next Monday, all the bank stocks retreat then how?
*
T+3

Bank stocks yesterday T+1

Monday will consolidate..
Bendan[520]
post Dec 11 2020, 03:17 PM

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QUOTE(wayton @ Dec 11 2020, 03:15 PM)
Don't think current banks rally is sustainable.

Some are higher than pre-covid level, doesn't make a lot of sense.
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Make sense or not, people are in for easy money.. why not ride the trend and exit before it dies?
Bendan[520]
post Dec 11 2020, 03:29 PM

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QUOTE(joeblow @ Dec 11 2020, 03:19 PM)
The urge for me to sell cimb, bat, maybank getting higher and higher. When will the trend end? Based on your TA/FA, are you able to tell?
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https://www.bursamalaysia.com/market_inform...?ann_id=3112611

Banks rally yesterday especially BIMB is due to this news..

I bought in large ytd.. and today I say RSI damn high based on TA...
I just exited. I will consider re-entering after the pullback.

Hold or not up to you. TA wise overbought, FA wise, not earning much money due to covid.. but pre-covid is good undervalue bank.. got a lot of upside in the future.
Bendan[520]
post Dec 11 2020, 03:31 PM

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QUOTE(angkhian @ Dec 11 2020, 03:21 PM)
Should we hold onto banks or sell? I still have Maybank in my portfolio. Tempted to sell but also, who sells bank stocks..hmm
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I sell bank stocks.. haha during pre-covid, bank stocks not much growth. Usually uncles/aunties like to hold to collect dividend and stability.. but I love trading them.. and I dont trade banks much until now.

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