Transactions at the end of August were not very smooth
A few recently traded stocks such as $SASBADI(5252.MY$ 、 $IFCAMSC(0023.MY$ with $DCHCARE(0283.MY$When a stop loss is reached, either the rise cannot break through resistance and there is selling pressure, or the intraday period is washed out.
This situation is commonly encountered (Stop losing three orders in a row), I'll restart the conservative mode and reduce the number of transactions, or the transaction amount. Coincidentally, the small stock index seems to have begun to show signs of reversal recently, and it is relatively healthy to need a pullback in the short term. In addition to the fact that September KLCI futures were discounted by about 20 points compared to spot prices, it is possible that the market was bearish on the general market trend in September.
However, I am personally optimistic about the stock market at the end of the year, especially after the upcoming 12th Malaysia Plan Review Meeting and the October Budget.
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