Monday, April 24, 2023

ABC : Sell in MAY ...

 6.40pm : tired after done some gardening ... perhaps effects from the COVID I kena-ed last week ... recovering ...


Airport : doing well as opening of borders plus revenge travelling ... peaking the numbers of tourists ... locally or abroad. 

I m still in a view of SELL all stocks and go away ... the sell in MAY and go away mantra should be working its magic this year, with SP500 at high 4100 above range, very expensive and overbought.

BIMB : banking stocks going thru some selling pressure ... and BIMB would be a good buy here around RM1.50


CIMB : due to banking tumour in US (collapse of SVB etc), some of our banking stocks experiencing selldown too. CIMB below 200MA now ... and we shall see in MAY if it could rebound above that red-line again ...or perhaps form a lower low. Technically BEARISH. 


Well ... the A-B-C stocks I m watching ... but with nothing to buy. 

KEEP full cash and WAIT.

TEH


Saturday, April 22, 2023

Gloves stocks : technically bearish

 


HealthCare Index : Given sell signals some 1-2 weeks ago ... so, it is that waiting period again. 


Supermax : Diving the most as ...well, boss's daughter disagreed on buying some planes and resigned. Well ... we wont like companies using the cash to buy some toys, right?

Note : I have no positions in glove-stocks as I have sold all ... few weeks ago? So, with EARNINGS report in US ... we would see many of these gloves stocks to dive lower in bad market sentiments.

WATCH. 

TEH

DC Play : MNHolding (code : 0245)

 2.30pm ... just done the list to trade up for JULY ... the DATA CENTER (DC) theme play, of coz. Traders follow TREND and IGNORE noises ......