Momentum Trader
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$FTSE Bursa Malaysia Top 100 Index (.FBM100.GI)$ so many stocks are putting in v shape recovery. was hoping to see a couple more tight days pivot for bo but stocks are not waiting. beware of volatility ![]()
$SDS (0212.BMS)$ $ENGTEX (5056.BMS)$ showing relative strength bo prior high before the market meltdown ![]()
, lookin for similar patterns for quick ride
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Momentum Trader
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KLCI took its biggest loss today since the COVID crash during 2020, retracing over 74 points with an overall super bearish market sentiment as we saw a record high of 1659 counters closing red along with it.
Daily trading volume also soared towards a new yearly high towards the 9.2 billion mark, unfortunately, mostly dominated by selling activities.
It's quite sad to say that after writing trading notes for over the past 3-4 years, there were no stocks that performed well...
Daily trading volume also soared towards a new yearly high towards the 9.2 billion mark, unfortunately, mostly dominated by selling activities.
It's quite sad to say that after writing trading notes for over the past 3-4 years, there were no stocks that performed well...
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Momentum Trader
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$FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$ $FTSE Bursa Malaysia Top 100 Index (.FBM100.GI)$ $FTSE Straits All-Share Index (.FSTAS.SG)$ $FTSE Singapore Straits Time Index (.STI.SG)$ 🙈 now MY and SG turn for a vertical dive, cash is 👑
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Momentum Trader
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$ITMAX (5309.BMS)$ showing relative strength to new ATH 🎉
my last saving grace for this round of market correction…tighternin backstop with a guaranteed profit
TGIF![]()
my last saving grace for this round of market correction…tighternin backstop with a guaranteed profit
TGIF
![Picture](https://sgsnsimg.moomoo.com/sns_client_feed/101748865/20240802/43f3bb40762bd09f28d6ee2b9a2c81c2.jpg/thumb?area=104&is_public=true)
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$Nikkei 225 (.N225.JP)$ $TOPIX (.TOPIX.JP)$ wow, vertical dive …in just a few days erased the entire year gain…very bearish sentiment in 🇯🇵🙈
Cash is 👑. This round could be a long wait for new setups![]()
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Cash is 👑. This round could be a long wait for new setups
Momentum Trader
commented on
$SGX (S68.SG)$ $ST Engineering (S63.SG)$ $SATS (S58.SG)$ these are holding quite well in this round of market correction. Hope to see them bo when the market returns🤞
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$FTSE Straits All-Share Index (.FSTAS.SG)$ $Lion-OCBC Sec HSTECH S$ (HST.SG)$ $FTSE Bursa Malaysia Top 100 Index (.FBM100.GI)$ $Nikkei 225 (.N225.JP)$
hard penny situation in all markets, low winning odd, cash is 👑 👑 👑
Waiting for new setups again![]()
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(Alerted sell signals since 17/7 after seeing 💩 behaviours of bo stocks…no time to be freakin around but focusin on new setup…TGIF
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hard penny situation in all markets, low winning odd, cash is 👑 👑 👑
Waiting for new setups again
(Alerted sell signals since 17/7 after seeing 💩 behaviours of bo stocks…no time to be freakin around but focusin on new setup…TGIF
![Picture](https://sgsnsimg.moomoo.com/sns_client_feed/101748865/20240802/aa9ad8dffbcb6bd228c415b933002081.jpg?area=104&is_public=true)
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Momentum Trader OP JustDoIt : Yes, market phenomena.
Many stocks have been staging v shape recovery, you can look at past 2 days pattern. SDS, Engtex, Affin are good example that stocks are breaking new high.
But volatility is still at work and pullback can happen quickly, so only for fast traders