Bargain buying time ... glad to have sold many last week before the selldown, but still stuck with few.
It is that bargain-sales time again ... and moving into buy.
KLCI before yesterday sell-down ... then it lost 20points. Thanks to Tenaga.
After yesterday ... KLCI at support ... RSI slightly below 30.
FEAR = BUY? Yes or No?
Buying oversold blue-chips or strong counters ... that is lower risk as market-sentiment is bad, affected by 1MDB and many more reasons.
I m tired ... had public-talk on Sat (why FEAR is a buy? and criteria of catching knives). Then, Sunday night I have another e-meeting to those missed. Many of my trading members interested to join. Being a dedicated teacher, I m obliged.
Last night is our weekly e-meeting for my stock-watch members, on what stocks I am going to buy, which I bought and level of cut-loss. It is a reminder to all members to ignore the herd-mentality, focus in our trades ... and continue to do well.
Time for lunch, KLCI plus 5.
FCPO gapped up ... I longed FCPO and taken profit too early(again). UP 50plus points now ... due to SOY shot above 32, after resting a day(memorial day).
To join my stock-watch group (I m going to start an e-learning group in July), contact me at www.tratles.net . All my trades shown in my stock-watch group.
TEH
http://cpteh.blogspot.com/2015/05/be-excited-klci-sales-is-around.html
