Our FBMKLCI had been in raging mode since the first day of 2017, opening
at 1,636.94 and continue to move upwards like there is no tomorrow.
Maybe the year of rooster really fly off~ Lets take a look at our
FBMKLCI daily chart.
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| FBMKLCI Daily Chart |
After a V-shape rebound, our index had been in an uptrend mode. Till
now, it had surged up around 4%. Notice i had 2 simple moving averages?
SMA50 and SMA200. Our market had broken the sideway pattern and seems
there's a small bull run. And not to mention our FBMACE Daily Chart as
well.
If you like my way of analysis and you haven't join me in my facebook, appreciate if you could like my FB page, https://www.facebook.com/gainvestor10sai/?fref=ts
 |
| FBMACE Daily Chart |
Our FBMACE had performed better than our FBMKLCI, which it surged up
around 10%. FBMACE is forming up an uptrend channel, which is an
optimistic sign. Not to mention a lot of counters had been revived.
Still remember our ex-number stock, IFCAMSC? This stock also surged up
100% since January 2017. Is this rooster really taking off, bringing our
market to moon? Now, its still early to tell, its only past a month, we
had another eleven months. Just like a football match, we can never
tell the end result till the referee blow his whistle.
Below table is my Gainvestor Portfolio for January 2017. This statistics
does not mean anything, it does not mean any hold/buy/sell decision, it
is just to summarize and track the Gainvestor Portfolio.
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| Summary for Gainvestor Portfolio for January 2017 |
I still think that SALUTE is a mid term stock. You can also click HERE to see my post about Stand Up and SALUTE! To reignite the main points and reasons to hold SALUTE:
1. SALUTE posted seasonal results and normally year end will post
highest revenue and profit. This time, it will be boosted by the sales
of Air-Bar.
2. Proposed to Main Board and had a chance to go up more than 50%
from the announcement date. From what i observed from INARI (300%) and
ELSOFT (100%).
In terms of TA,
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| SALUTE Daily Chart |
SALUTE had been actively traded in the month of February 2017. There is a
possibility that the insiders had known the result and had been buying
in. SALUTE is at all time high now. Take note of its RSI, it is
overbought and the candles are also near to the upper band. On Friday
(17 February), SALUTE went up to the highest of 1.59 but was pushed down
the the opening price of 1.53. The volume is also quite high.
Therefore, we can assume that the people who bought last few days might
have taken their profit. But i anticipate it to go up to more than
RM2.00 in mid term once they had successfully transferred to Main Board.
Lastly, this February month... there will be a lot of QR being
released... If your companies are releasing QR this February, be ready
to restrategize if the result announced is good or bad. Remember, the
reason you sell is the reason you buy. You will need to consider and
strategize the next coming market prospect. Are you ready for it???
If you like my way of analysis and you haven't join me in my facebook, appreciate if you could like my FB page, https://www.facebook.com/gainvestor10sai/?fref=ts
Thank you^^
Let's Ride the Wind and Gainvest
Gainvestor 10sai
19 February 2017
10.00pm
10.00pm
http://gainvestor10sai.blogspot.my/2017/02/summary-of-january-2017.html
