Monday, January 14, 2019

Short Term Local Sentiment

Hi Readers,

The intention of this blog is for friends and family members that are looking for opportunities to trade in KLSE. I am sharing my point of view with regards to the current trend of KLSE. In my opinion, overall sentiment is still bearish for KLSE and hence, I am still holding short FKLI futures for the month of Jan'19 and Mar'19 contracts. As for Dow Jones, I would categorized it as technical rebound with bigger picture of bearish. Looking to short at 24000. 

KLSE Stocks Analysis:
An interesting chart patterns development for AZRB spotted late last week; started to move uptrend. Below is the charting done by Alpha Patterns which is showing AZRB currently in consolidation phase after a vertical move from 0.275 cents. A breakout from the consolidation phase will see AZRB heading towards 0.425 cents with downside  support at 0.32 cents followed by 0.275 cents.
at

10 comments:

  1. Virtual Real Estate EntrepreneurJanuary 15, 2019 at 12:55 PM

    Good analysis.

    ReplyDelete
  2. ehooiJanuary 15, 2019 at 1:48 PM

    Looks like AZRB is moving today. I will buy some then. Hope you are right

    ReplyDelete
  3. Alpha PatternsJanuary 15, 2019 at 9:35 PM

    Thank you for the compliments @Virtual Real Estate Entrepreneur and @ehooi. All the best to your trades.

    ReplyDelete
  4. ehooiJanuary 28, 2019 at 10:01 AM

    Thank you master, AZRB-WA 12% gain in my portfolio.

    ReplyDelete
  5. Alpha PatternsJanuary 28, 2019 at 11:32 PM

    Congrats @ehooi. Keep it up and stick to your targets at all times. All the best!

    ReplyDelete
  6. ehooiFebruary 13, 2019 at 12:57 PM

    +20%@Azrb-wa, +5%@Azrb.Thanks Master.

    ReplyDelete
  7. Alpha PatternsFebruary 14, 2019 at 8:01 AM

    That's a very good gain @ehooi. Congrats. Current sentiment is focusing on small caps rather than big caps. This will go on for a while until more clarity with Brexit, US China trade rhetoric, Europe cooling economy and Locally, GDP and fiscal deficit.

    ReplyDelete
  8. Alpha PatternsFebruary 20, 2019 at 8:06 AM

    Congratulations to existing readers who bought. By now, you would have made a gain of minimum 15% for AZRB / AZRB-WA. Highest yesterday was 0.42 cents with high volume and above key SMAs (20,50,200).

    For those who is still holding:
    Please verify back your initial objective and target rate of returns. If it is meeting your target, you should consider to start locking in the profit and wait for consolidations again before re-entering.

    For new readers wanting to jump in, fear of missing out:
    Hold on first and wait for clarity. If it is able to break above 0.425 cents, that level will be the new support level with next resistance at 0.49 cents. Please use the levels and risk reward ratio to determine your entry/exit.

    Good luck and all the best!!!

    ReplyDelete
  9. ehooiFebruary 20, 2019 at 8:13 AM

    Thank you Alpha Patterns. Yes, I made more than 15% gains. Will wait for your next update.

    ReplyDelete
  10. Alpha PatternsFebruary 28, 2019 at 7:47 AM

    Hi Readers,

    AZRB tested the resistance of 0.49 cents and closing above it at 0.495; with high of 0.505. Next resistance would be 0.575 and followed by 0.60. This is the level whereby it experienced a gapping down back in May'18.

    Note that the high yesterday was achieved with a lower volume. Hence, do watchout for retracement back to 0.425 level.

    My personal opinion is to lock in the profit if your initial objective / target rate of returns have been achieved.

    We will stop providing coverage for AZRB after this. If you need further advise to continue trading AZRB, please do not hesitate to contact us at acc.alphapatterns@gmail.com

    ReplyDelete