VPA - Chart Reading Mastery

M+ Online Morning Market Buzz - 23Oct23 Dow Jones: 33,127.28 pts (-286.89pts, -0.86%) ⬆️ Resistance:  34900 ⬇️ Support:  32500 FBM KLCI: 1,441.04 pts (-1.62pts, -0.11%) ⬆️ Resistance:  1480 ⬇️ Support:  1410 HSI Index: 17,172.13 pts (-123.76pts, -0.72%) ⬆️ Resistance:  18300 ⬇️ Support:  16800 Crude Palm Oil: RM3,771 (+RM13, +0.35%) ⬆️ Resistance:  3920 ⬇️ Support:  3640 Brent Oil: $92.16 (-$0.31, -0.34%) ⬆️ Resistance:  95.70 ⬇️ Support:  87.20 Gold: $1,981.40 (+$6.94, +0.35%) ⬆️ Resistance:  2040 ⬇️ Support:  1880 Source: Bloomberg, M+ Online

Leaving money on the table more painful than taking a loss 😅😅

Market update – 17Oct23 The FBM KLCI ended lower after digesting the neutral Budget 2024 given most of the things were within expectation except for the hike in SST to 8%, which have impacted some of the consumer stocks. Meanwhile, Wall Street rallied as investors were trading more positively heading into the first week of the 3rd quarter earnings season, despite the rising geopolitical tension. Hence, given the positive trading sentiment on Wall Street, we believe the buying interest may emerge on the local front, focusing on the details of the Budget 2024 as well as the NETR and NIMP blueprints. Commodities wise, the Brent crude oil maintained above the USD90/bbl amid the ongoing geopolitical tension, while the CPO headed higher towards RM3,800/MT with the improved China and ahead of Divali festival. Sector focus: Given the positive sentiment from Wall Street, we think the focus may shift towards the technology stocks. Meanwhile, the Brent oil price maintaining above the USD90 mark may provide trading impetus for the Energy stocks. We favour the solar-related as well as the automotive sector as EVs and Renewable Energy were some of the key focuses in the Budget 2024. Stocks to watch: Technology: ATECH MYEG O&G: DAYANG TAS Financial: MNRB Consumer: APOLLO Building material: ULICORP Automotive: BAUTO, PECCA Others: ANCOMNY Source: M+ Online

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MYAirline tutup kedai?? 👀👀

"...if you’re a swing trader there’s nothing here to do, you may as well take the day off, go study, do something productive, the most important thing is to preserve mental capital, stay positive stay healthy, let most market participants wear themselves out, then when it’s time you can come back and be aggressive, you’re gonna be in a position of strength. That’s how you win the game of trading; you have to do some things differently." Qullamagie

M+ Online Market Wrap - 9Oct23 FBM KLCI: 1,417.26 pts (+0.38pts, +0.03%) Following the rising geopolitical tension in the Middle East, the FBM KLCI (+0.03%) closed flat, but sustaining above the 1,450 zone; buying support were noticed within the PCHEM (+7.0 sen), KLK (+44.0 sen), and MAYBANK (+3.0 sen). We noticed Brent oil and gold prices traded significantly higher, and attracted traders to position within the O&G and gold retailing companies. Market breadth was negative with losers outpaced gainers by 500-to-343 stocks. The Energy sector rose 2.09%, thanks to buying interest within DIALOG (+5.0 sen), VELESTO (+1.5 sen), HIBISCS (+5.0 sen). Top 3 Active stocks: KNM (7164): RM0.145 (-2.5 sen) KANGER (0170): RM0.11 (unch) SCIB (9237): RM0.485 (-1.5 sen) Volume: 2.88 bn (100-day avg vol: 3.18 bn) Value: RM1.78 bn (100-day avg val: RM2.05 bn) Market Breadth: ⬆343 ⬇500 Crude palm oil: RM3,606 (+RM6) Dow Futures: 33,462 pts (-138 pts) Source: Bloomberg, M+ Online

Market update – 2Oct23 The FBM KLCI has declined significantly lower on the final day of the September month amid selling pressure in the banking heavyweights. Meanwhile, Wall Street traded mixed prior to the passing of a short-term bill just 3 hours before the deadline; averting a shutdown for another 45 days. Thus, we expect the overall stock markets to head higher at least for the near term. Closer to home, we opine that the positive developments within the NETR, NIMP as well as the upcoming Budget 2024 may provide trading opportunities on the local exchange. Commodities wise, the Brent crude oil traded below the USD93/bbl level, while the CPO prices revisited above the RM3,800/MT level, before forming an inverted hammer below RM3,800. Sector focus: We have issued a 4Q23 strategy report today and we favour the construction, building material, RE, O&G, poultry, automotive, insurance and technology for the quarter in the anticipation of extended buying interest within the domestic such as the NETR, NIMP and mega projects to be dished out going forward. Also, we like high net cash and stable dividend yield stocks. Stocks to watch: Construction & Building material: KERJAYA, ULICORP Consumer: AEONCR, TEOSENG O &G: HIBISCS Technology: GTRONIC, VS Others: ANCOMNY, SLVEST Source: M+ Online

Korang buat apa weekend ni? Baru lepas share kaunter2 yang menarik dengan group fizikal kelas Bursa Monster stock... Market tengah panaasss woooo InsyaAllah malam ni kita buat revision untuk group fizikal kelas haritu