KLSE Daily Market Summary 19th September 2024

Market Turns Positive with Significant Gains

Today, the market turned notably positive, largely driven by the recent rate cut in the US. Most indicators are now showing positive signs.

The Market Momentum Tracker closed in positive territory, reflecting a robust upward movement. Additionally, the Short-Term Trend Strength indicator has risen above 50% for the first time since the end of July.

While breakdowns still outnumber breakouts, the current trends are showing strong signs of a potential market reversal from its recent lows.

Hot stocks: $HTPADU (5028.MY)$ $SKBSHUT (7115.MY)$ $PHARMA (7081.MY)$ $MRCB (1651.MY)$ $PESONA (8311.MY)$ $SUNCON (5263.MY)$ $SUNWAY (5211.MY)$ $UNIQUE (0257.MY)$ $KITACON (5310.MY)$ $LHI (6633.MY)$ $LAYHONG (9385.MY)$ $HAILY (0237.MY)$ $DELEUM (5132.MY)$

Follow Me on FB: Nigel Chong 庄证评

**If you found this update helpful, please give it a thumbs up and share. Your support motivates me to continue providing these daily summaries!**

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more

Translate

Report

853K Views

Comment

Nigel Chong 庄证评

Swing Trader 📈 Growth stocks 🏆 FB: Nigel Chong 庄证评 🌟 Influenced by MM VCP Trading Style & WON CANSLIM 💯

11KFollowers

74Following

29KVisitors