Our FBMKLCI showed no sign of turning back, not even a short glimpse~
Today (20 March 2017) is our FBMKLCI's 3rd day's bullishing up day. And
the volume just could not stop getting higher and higher.
 |
| FBMKLCI Daily Chart |
After the agreement between PETRONAS and Saudi Aramco on 1 March 2017,
foreign funds had been actively buying in, which we can observe through
the statistics below:
 |
| Market Participation[1] |
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
For the month of March, from 1 March till 20 March, foreign funds had been buying in RM2,344 Mil,
whilst local institutions and local retailers had been selling at
RM2,072 Mil and RM300 Mil respectively. If we look at today's volume and
turnover, the volume is 6,017 Million shares and RM 3,015 Mil been
traded. From here, we can deduce that the volumes are active, but the
transacted value is only half of the volume. Meaning to say, mostly investors are transacting the RM0.50 priced shares or cheaper penny stocks. We can see from the top 30 volumes today.
 |
| Top 30 Volumes in 20 March 2017 |
The most active shares are shares that are below 0.20, penny stocks. From the FBMACE
 |
| FBMACE Daily Chart |
FBMACE is now showing overbought position, from both bollinger band and
also the RSI indicator. And also note the candle today is a shooting
star. In a short term, the FBMACE will retrace and i believe same goes
to our FBMKLCI. Anyhow, we need to stay alert. Plan your strategy ahead.
Not to forget Jack Ma is in Malaysia and is expecting to create sparks
in our Malaysia market. As an advisor to Malaysian Government on the
digital economy aspirations, Jack Ma is ready to launch its Alibaba
regional distribution hub in Malaysia[2][3].
 |
| Don't panic, Jack is here~ [2] |
The keyword here will be the "distribution hub", which means storage
with logistics service. We might be a bit late already as Jack Ma effect
had kicked in already. Let's see a few logistics counters:
 |
| GDEX Daily Chart |
 |
| CENTURY Daily Chart |
 |
| TNLOGIS Daily Chart |
The volume is heavy for the past few days. These are all examples, we
can also take a lot at other logistics, such as TASCO, FREIGH,
NATWIDE..
Lastly, with the foreign funds showing their confidence in our country
and Jack Ma show-hand in Malaysia, a lot of market retailers had been
actively trading in penny stock counters. There are no right or wrong in stock investment, as long as you are making money, most probably you are on the right track.
Remember to trade with a strategy, don't be greedy and keep on asking
for more even though we are full. Be alert on the twist of our market.
Remember what Mr Warren Buffet said...
 |
| Quote from Mr Warren Buffett |
But trading with a proper strategy and with discipline can overcome the
fear and greed.. Happy Investing and Happy Riding the Wind~
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
21 March 2017
12.35am
Sources:
[1]: http://www.malaysiastock.biz/Market-Statistic.aspx
[2]: http://www.thestar.com.my/tech/tech-news/2017/03/20/jack-ma-to-launch-alibabas-regional-distribution-hub-in-malaysia/
[3]: http://www.thestar.com.my/news/nation/2016/11/04/alibaba-founder-jack-ma-agrees-to-be-advisor-to-malaysian-govt-on-digital-economy/
http://gainvestor10sai.blogspot.my/2017/03/fbmklci-no-sign-of-turning-back.html
[2]: http://www.thestar.com.my/tech/tech-news/2017/03/20/jack-ma-to-launch-alibabas-regional-distribution-hub-in-malaysia/
[3]: http://www.thestar.com.my/news/nation/2016/11/04/alibaba-founder-jack-ma-agrees-to-be-advisor-to-malaysian-govt-on-digital-economy/
http://gainvestor10sai.blogspot.my/2017/03/fbmklci-no-sign-of-turning-back.html
