Millionaire Trend Trader: SDRED

Showing posts with label SDRED. Show all posts

Friday, July 11, 2014

FBM KLCI - rebounded to close higher

Stocks on Bursa Malaysia ended yesterday higher on continued buying interest. Regionally, most Asian stock markets rose yesterday after China's exports showed a slight pickup. The benchmark FBMKLCI closed 1.46 points or 0.08% higher at 1,892.62, after moving between 1,889.19 and 1,893.19 throughout the trading day. Market breadth was positive as advancers outpaced decliners by 440 to 354, with 357 counters unchanged. Total volume declined to 1.62 billion units worth RM1.98 billion from Wednesday's 1.78 billion shares worth RM1.99 billion. Read more>>

Wednesday, October 6, 2010

FBM KLCI - ready to re-test recent resistance at 1479

Stocks on Bursa Malaysia ended yesterday higher with the benchmark index closing above the 1470 level. The FBM KLCI rebounded to close 9.92 points or 0.68% at 1472.19 after opening 5.75 points higher at 1468.02. Losers led gainers by 411 to 319 today while 290 counters were unchanged. Turnover was lower at 985 million shares valued at RM1.51 billion, compared with Monday’s 1.37 billion shares worth RM1.71 billion.

The FBM KLCI opened 5.75 points higher at 1468.02 and continued to trade in the positive territory throughout the day within a six points range. Continued buying of selected blue-chips helped pushed the key index to close near the high of the day. Chart-wise, the key index formed a bullish outside bar, which indicates the bull was in control of the day. After consolidating below the 1470 level for more than a week, the key index has finally stood above the 1470 level again, and is ready to re-test the recent high of 1479.59. If the key index is able to break through this tough resistance level, it is expected to challenge the next target level of 1491.

MACD continued to move lower, but is tapering off, as shown by the shorter histogram, indicating a slow down in the downward momentum. RSI (14) at 66.9 has hooked up, nonetheless, is still in the mildly bullish zone. Stochastic at 65 has rebounded and crossed above its slow stochastic, but still trapped in a sideways range as it has been see-sawing in the current level. Signals from the indicators are indicating a sideways or range-bound market with an upward bias.

With the rebound yesterday, the FBM KLCI has again stood above the short term 5 and 10-day moving averages (MA), and is expected to continue moving higher. The underlying medium to longer term uptrend remained intact. Immediate overhead resistance zone is at 1480 to 1500 while the downside support zone is at 1445 to 1456.

The overall market is expected to remain buoyant leading to the announcement of the Budget 2011 on 15 October. Rotational play on second and third liners will remain active. Overnight, the Dow rose +193.45 points or +1.80% higher to close at 10,944.72. Today, the FBM KLCI is likely to trade within a range of 1463 to 1481.

This week's expected range: 1445 – 1491
Today’s expected range: 1463 – 1481

Resistance: 1474, 1476, 1481
Support: 1463, 1465, 1468

Stock to watch: Handal, Homeriz, SDRED, IJMLand

Wednesday, August 18, 2010

FBM KLCI - another fresh high for the year

Stocks on Bursa Malaysia ended mixed yesterday with the benchmark index continued to scale fresh high, while second and third liners undergo profit-taking corrections. Sentiment was boosted by optimism that the country's second-quarter economic growth would remain positive. The FBM KLCI rose 7.89 points or 0.58% to close at 1378.47, charting another fresh high for the year. Gainers led losers by 391 to 367 while 292 counters were unchanged. Turnover increased to 1.112 billion shares worth RM1.755 billion, from Monday’s 973 million shares worth RM1.362 billion.

The FBM KLCI opened with a 0.99 point up gap and traded higher to touch the intra-day high of 1381.41, it tested the intra-day high twice before profit-taking activities sent the index to close off high. The key index formed a bullish white candlestick which indicates continuation of the uptrend and is expected to meet strong resistance when it comes into the resistance zone of 1380 to 1400.

MACD continued to move higher, and has just made a golden-cross, which is a bullish buy signal, indicates the upward momentum is picking up. RSI(14) at 72.2 is turning very bullish and has entered the overbought zone. Stochastic at 86.4 continued to move higher into the overbought indicating the up cycle is turning strong. Signals from the indicators are indicating a very bullish state of the FBM KLCI, however, the overbought signals may forewarn of an impending correction or pull-back of the key index.

The underlying short, medium and long term trend of the FBM KLCI remained up, and a rally towards the 1400 level is expected. The overhead resistance zone now lies at 1380 to 1400 while the immediate downside support is at 1350 to 1360.

In view of the bullish undertone of the key index and the strong uptrend, any correction downward to the support level should be viewed as an opportunity to accumulate quality shares at lower price. Overnight, the Dow rose +103.84 points or +1.01% higher to close at 10,405.85. Today, the FBM KLCI is likely to trade within a range of 1363 to 1391.

This week's expected range: 1327 – 1395
Today’s expected range: 1363 – 1391

Resistance: 1383, 1387, 1391
Support: 1363, 1367, 1373

Stock to watch: SDRED, INGRESS, LANDMRK, OGAWA

What's happening now is that the market remains trading at very thin volumes and that can affect prices, even when just a handful of shares are traded. The decision of any fund to pull out from certain stock hits the price. - Carlos Slim

You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets. - Peter Lynch

Vision is perhaps our greatest strength.. it has kept us alive to the power and continuity of thought through the centuries, it makes us peer into the future and lends shape to the unknown.
- Li Ka Shing

Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised. - Warren Buffet

Learning is a never ending journey in the stock market. The very moment you think you have learned enough, you'll fall. - Harrison Ho

When people are frightened, they cut their time horizon dramatically, even advisors will say to sell because they see portfolios crumble and they fear people will have nothing left. It's really not rational, but it does happen. - David Dreman

I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.' - Peter Lynch

A military operation involves deception. Even though you are competent, appear to be incompetent. Though effective, appear to be ineffective. - Sun-tzu

Financial markets are supposed to swing like a pendulum: They may fluctuate wildly in response to exogenous shocks, but eventually they are supposed to come to rest at an equilibrium point. - George Soros

If you don't change, reality in the end forces that change upon you. - Stuart Wilde

The investor of today does not profit from yesterday's growth. - Warren Buffet

Analysts have always been overly optimistic.
- David Dreman

We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten. Don't let yourself be lulled into inaction. - Bill Gates

A corporation's primary goal is to make money. Government's primary role is to take a big chunk of that money and give it to others. - Larry Ellison

If you believe that some day it's going to happen, some day it probably will happen. You just have to make sure you're there when it's happening, and ideally you're at the front of the parade, and the principle beneficiary of when it happens, but it's not a kind of thing where you just sort of sit back and wait. - Steve Case

I try to learn from the past, but I plan for the future by focusing exclusively on the present. That's where the fun is. - Donald Trump

The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances. - Alan Greenspan

The world is changing very fast. Big will not beat small anymore. It will be the fast beating the slow. - Rupert Murdoch

The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements. - Jesse Livermore

In the business world, the rearview mirror is always clearer than the windshield. - Warren Buffett

Be extremely subtle, even to the point of formlessness. Be extremely mysterious, even to the point of soundlessness. Thereby you can be the director of the opponent's fate. - Sun-tzu

Look at market fluctuations as your friend rather than your enemy.. profit from folly rather than participate in it. - Warren Buffett

I hate weekends because there is no stock market. - Rene Rivkin

Before this century is over, the Dow Jones Industrial Average will probably be over one million versus around 10,000 now. So for the long-term, the outlook is tremendously bullish if you buy stocks blindly to keep for a century. - John Templeton

A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well. - Jeff Bezos

Making good decisions is a crucial skill at every level. - Peter Drucker

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful. - Warren Buffett

The individual investor should act consistently as an investor and not as a speculator. This means.. that he should be able to justify every purchase he makes and each price he pays by impersonal, objective reasoning that satisfies him that he is getting more than his money's worth for his purchase. - Benjamin Graham

In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten. - Peter Lynch

The financial markets generally are unpredictable. So that one has to have different scenarios.. The idea that you can actually predict what's going to happen contradicts my way of looking at the market. - George Soros

Our favourite holding period is forever. - Warren Buffet

If you buy all the stocks selling at or below two times earnings, you will lose money on half of them because instead of making profits they will actually lose money, but you will only lose a dollar or so a share at most. Then others will be mediocre performers. But the remaining big winners will go up and produce fabulous results and also ensure a good overall result. - John Templeton

When I'm bearish and I sell a stock, each sale must be at a lower level than the previous sale. When I am buying, the reverse is true. I must buy on a rising scale. I don't buy long stocks on a scale down, I buy on a scale up. - Jesse Livermore

I've learned that mistakes can often be as good a teacher as success. - Jack Welch

Well, you know, I was a human being before I became a businessman. - George Soros

Checking the results of a decision against its expectations shows executives what their strengths are, where they need to improve, and where they lack knowledge or information. - Peter Drucker

The market does not beat them. They beat themselves, because though they have brains they cannot sit tight. - Jesse Livermore

Wide diversification is only required when investors do not understand what they are doing. - Warren Buffett

Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception. - George Soros

Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble... to give way to hope, fear and greed. - Benjamin Graham

The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements. - Jesse Livermore

I think you have to learn that there's a company behind every stock, and that there's only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies. - Peter Lynch

Before you can really start setting financial goals, you need to determine where you stand financially. - David Bach

The average man doesnâ€™t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesnâ€™t even wish to have to think. - Jesse Livermore

Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years. - Warren Buffett

Suppliers and especially manufacturers have market power because they have information about a product or a service that the customer does not and cannot have, and does not need if he can trust the brand. This explains the profitability of brands. - Peter Drucker

The key to making money in stocks is not to get scared out of them. - Peter Lynch

I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any particular stock. In a bear market all stocks go down and in a bull market they go up. - Jesse Livermore

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