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Hi guys, I felt so boring and took a rest for previous months since the market was like death cat, but for recent couple days you all should noticed that KLCI is rebounding leading by the finance sector, properties sector also had some signal of rebounding, so I think it is good time to start deploy some of the capital in the market.
Today the YTL and YTLPOWER rebounding strong with huge transaction volumes, they already downtrend for nearly a year, you can look at the charts I provided below:
From the charts, predicting both of the counters will take a small retracement and then breakthrough the resistant, entering into new price range. How if no retrace? Take a look into Frontkn, I personally don’t think it is healthy movement, but if following with huge transaction volume, it is consider valid breakout too.
There is one more counter yet to move and I think it should be soon (the volume so high for today), which is YTLLAND(2577), few reasons why it is worth to give a try for this counter.
Collecting Point : RM 0.51 – RM 0.520.
Breakout point : RM 0.565 (Enter while breakout)
TP 1 : RM 0.6 TP 2 : RM 0.665
Support : RM 0.505
Cut Loss : RM 0.5
By Rambo.
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DISCLAIMER : Investment involve risk, including possible loss of principle and other losses. This article and charts are provided for information only and should not be construed as a solicitation to buy or sell any of the instruments mentioned herein. The author may have positions in soe of these instruments. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein. If investment and other professional advice are required, the services of a licensed professional person should be sought.
http://klse.i3investor.com/blogs/ramboshare4u/141492.jsp
Hi guys, I felt so boring and took a rest for previous months since the market was like death cat, but for recent couple days you all should noticed that KLCI is rebounding leading by the finance sector, properties sector also had some signal of rebounding, so I think it is good time to start deploy some of the capital in the market.
Today the YTL and YTLPOWER rebounding strong with huge transaction volumes, they already downtrend for nearly a year, you can look at the charts I provided below:
From the charts, predicting both of the counters will take a small retracement and then breakthrough the resistant, entering into new price range. How if no retrace? Take a look into Frontkn, I personally don’t think it is healthy movement, but if following with huge transaction volume, it is consider valid breakout too.
There is one more counter yet to move and I think it should be soon (the volume so high for today), which is YTLLAND(2577), few reasons why it is worth to give a try for this counter.
- The price of YTLLAND is actually at all time low, very limited risk for those who bought in a little between Rm 0.51 – Rm 0.52, worse case you cut Rm 0.5. LOW RISK HIGH RETURN.
- Since you have limited risk, while YTL and YTLPOWER seem to be breakout into new price range, YTLLAND, as YTL related counter, higher chance will follow too.
- I notice that some of the property counters moving, by looking at the chart of properties index below, you can have a try into property counter like YTLLAND.
Collecting Point : RM 0.51 – RM 0.520.
Breakout point : RM 0.565 (Enter while breakout)
TP 1 : RM 0.6 TP 2 : RM 0.665
Support : RM 0.505
Cut Loss : RM 0.5
Join us on Telegram: http://telegram.me/share4u88
DISCLAIMER : Investment involve risk, including possible loss of principle and other losses. This article and charts are provided for information only and should not be construed as a solicitation to buy or sell any of the instruments mentioned herein. The author may have positions in soe of these instruments. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein. If investment and other professional advice are required, the services of a licensed professional person should be sought.
http://klse.i3investor.com/blogs/ramboshare4u/141492.jsp
