Join Our Telegram Channel tynkrlab Current Market Trends Bursa Malaysia closed higher, lifted by selected financial stocks, particularly Public Bank Bhd. The$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$increased by 3.40 points to close at 1,614.42. Despite this gain, the broader market saw more decliners (666) than gainers (529), indicating mixed sentiments. Key Sector Performances • Financial Services: The sector saw significant gains, with the...
$SCOMNET (0001.MY)$ 1.Shakeout completed 2.Strength signal at support 3.Retest support successfully Disclaimer: This post is for informational purposes only. Always consult a financial advisor before making any investment decisions
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Zaclim
OP
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SCOMNET setup getting better. Retest main resistance soon ?
Its almost end of the month, where the monthly candle will be confirmed soon.$SCOMNET (0001.MY)$If the price can hold steadily, then chance for breakout might happenStop loss must be set bois.
Hi there. As a retail trader, stock picking is a tough one. So happy to finally get a copy of the RHB Jewel 2024 report, and go through all 20 company, chart by chart. I can see many “A” trades based on my criteria. Among the one that caught my eye is$CLOUDPT (0277.MY)$. It was surprising that not all the Jewels met my entry criteris, e.g is$DELEUM (5132.MY)$. Although i set my entry, exit and stop loss now, things may still change as marke...
Ryugentrades
OP
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Market is pretty negative today. Although some hit my entry price, best to monitor or if risk taker may want to enter in smaller volume. Low can always get lower.
ZenZiDeR
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Hi, I have checked your comparison of the 20 small cap. The thing that I don't understand is that your comparison is in "day" and some criteria is in "hour" which I felt isn't suitable for small cap because small cap is about future, potential and growth. I think it should be compare in term of potential, market capital, influence, competitor and odd of success
Ryugentrades
OP
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Ya I agree. Really depends on what works. There is no silver bullet to analyze and decide on stocks. I use mixture of daily and hours as the daily serves to tell me the overall direction of the stock, whether uptrend or not, with price above sma daily will be worth to look at. While other indicators will be shorter timeframe as I prefer to see it from other view other than what most will see. Hopefully catching trends earlier. Also I now move towards technicals rather than fundamentals. Fundamentals I take it that the 20 listed by RHB is a good filtered list for me to then shortlist further. So I leave the fundamentals to the Investment Banks and fine tune for my own criteria. Hope it makes sense. I continue to see what works and what doesn’t. Keep on learning as I trade the markets.
ZenZiDeR
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I'm currently also looking at potential small cap company to gain the long-term growth. Small cap has higher chance of going bankrupt when compared to established company. I'm currently surveying Karex since has strong history
Ryugentrades
OP
ZenZiDeR
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Karex chart looks interesting. Pullback to fibo 618 level and now consolidating. Once push above 0.90 with volume could signal further upside.
stallion-my
OP
mscincin
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as long as profit, be grateful. won't know when it's the highest, so normally I'll sell partial then keep for the rest as long as it's still trending.
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