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$SCGBHD (0225.MY)$ Current price: 0.915, 3 contractions observed, higher low and tightening price range, decreasing volume on pullback, volume drying up on contractions indicating reduce selling pressure. Price is above 50ma, 150ma and 200ma. Long term uptrend still intact.
This is not buy call, im sharing as part of my learning process. Corrent me im wrong. Thanks.
This is not buy call, im sharing as part of my learning process. Corrent me im wrong. Thanks.
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Last week's review 👉🏻Market Review + Holdings (30/09-04/10 2024)
Market behavior this week:
$NASDAQ 100 Index (.NDX.US)$ Distributions on Mondays and Thursdays;
$S&P 500 Index (.SPX.US)$ Distribute on Monday, absorb funds on Friday;
$Russell 2000 Index (.RUT.US)$ Distribute on Monday, absorb funds on Wednesday.
RUT > SPX > NDX.
NDX is approaching historical highs, currently showing a 3T VCP pattern, with the price range almost unchanged in the past three days, and the moving averages are neatly arranged; SPX closed at a new high again, and it is impressive that AAPL, MSFT, NVDA and other 3T companies have not reached new highs. RUT has completed a shallow retracement in the third wave and is once again rising to the neckline, may continue to rise or undergo a narrow range adjustment.
Weekly charts:
NDX and SPX are still in the neutral zone of the rising channel, while RUT has shown a very good long-term setup and prices have been closely aligned in the last four weeks.
Breadth:
Continue to stay green.
Weekly notes:
There is a significant decrease in the RS of NIO in the trading name within the system.
Market sentiment:
The bullish ratio in AAII has increased significantly. On Thursday, there was a counter-emotional market behavior, but the strength was insufficient.
The fear index is close to extreme greed, and this week the SPX price behavior branch reached extreme greed.
Current holdings...
Market behavior this week:
$NASDAQ 100 Index (.NDX.US)$ Distributions on Mondays and Thursdays;
$S&P 500 Index (.SPX.US)$ Distribute on Monday, absorb funds on Friday;
$Russell 2000 Index (.RUT.US)$ Distribute on Monday, absorb funds on Wednesday.
RUT > SPX > NDX.
NDX is approaching historical highs, currently showing a 3T VCP pattern, with the price range almost unchanged in the past three days, and the moving averages are neatly arranged; SPX closed at a new high again, and it is impressive that AAPL, MSFT, NVDA and other 3T companies have not reached new highs. RUT has completed a shallow retracement in the third wave and is once again rising to the neckline, may continue to rise or undergo a narrow range adjustment.
Weekly charts:
NDX and SPX are still in the neutral zone of the rising channel, while RUT has shown a very good long-term setup and prices have been closely aligned in the last four weeks.
Breadth:
Continue to stay green.
Weekly notes:
There is a significant decrease in the RS of NIO in the trading name within the system.
Market sentiment:
The bullish ratio in AAII has increased significantly. On Thursday, there was a counter-emotional market behavior, but the strength was insufficient.
The fear index is close to extreme greed, and this week the SPX price behavior branch reached extreme greed.
Current holdings...
Translated
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Even my grandma walks faster than the stock move. But…at least the stock still in uptrend during market downturn. $FFB (5306.MY)$
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