Saturday, November 29, 2014

KLSE 2014 Dec1-Dec5 w49 Stocks Focus

All Malaysian stocks continue its downtrend, which is unhealthy. Looks like funds is going out from this country. This week I will be reverting on stocks that are fundamentally strong for long term investment. Volume and volatility have been steadily declining in last few months and as we can only go long as a retail investor, the stock market has become boring.

This week's stock focus:
                       Return  Entry  Profit Target Stop Loss  Strategy
MITRA          6.1%     1.15    1.22              1.06           Flag breakout
AIRASIA       5.8%     2.58    2.73              2.45           Major resistance breakout
 
MITRA- Wait for flag breakout trading above 1.15 before enter

AIRASIA- Reached major resistance (failed to breakout from this level 6 times) at 2.58 on Friday. Enter only if it can close above 2.58. 7th time lucky?

Happy trading!
Posted by at
Labels: ,

1 comment:

  1. UnknownDecember 5, 2014 at 10:35 PM

    MITRA opened at 1.13 on Monday and never reached 1.15, so no entry
    AIRASIA gap up opened at 2.71 way off the targeted entry point. Condition is quite unclear, so no entry.

    ReplyDelete

Subscribe to: Post Comments (Atom)