nfznhn
voted
$DNEX (4456.MY)$ back to old price? soon to surge higher?
1
nfznhn
voted
Market Experiencing a Slowdown
The market has been slowing down after its strong rally since last Thursday, which was largely driven by the positive sentiment from the US rate cut.
Gloves and technology stocks were hit hard today as the MYR continues to strengthen, with the MYRUSD exchange rate briefly reaching RM 4.1 this morning. These sectors are heavily exposed to the US dollar, as much of their revenue is USD-based.
On a positive note, the consum...
The market has been slowing down after its strong rally since last Thursday, which was largely driven by the positive sentiment from the US rate cut.
Gloves and technology stocks were hit hard today as the MYR continues to strengthen, with the MYRUSD exchange rate briefly reaching RM 4.1 this morning. These sectors are heavily exposed to the US dollar, as much of their revenue is USD-based.
On a positive note, the consum...
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1
nfznhn
voted
Market Progresses Positively
The market is showing positive signs, with the Market Momentum Indicator closing in positive territory today.
In the short-term, breakouts continue to outnumber breakdowns, and the short-term trend remains strong.
However, the long-term reading has yet to show clear signs of improvement. It remains to be seen whether the market can sustain this momentum in the coming days.
Hot stocks: $LOTUS (8303.MY)$ $HEXIND (0161.MY)$ $SENFONG (5308.MY)$ $SYGROUP (5173.MY)$ $AEON (6599.MY)$ $HEXTAR (5151.MY)$
The market is showing positive signs, with the Market Momentum Indicator closing in positive territory today.
In the short-term, breakouts continue to outnumber breakdowns, and the short-term trend remains strong.
However, the long-term reading has yet to show clear signs of improvement. It remains to be seen whether the market can sustain this momentum in the coming days.
Hot stocks: $LOTUS (8303.MY)$ $HEXIND (0161.MY)$ $SENFONG (5308.MY)$ $SYGROUP (5173.MY)$ $AEON (6599.MY)$ $HEXTAR (5151.MY)$