Time to trim

 As we are moving to month of Mac and over bought, I hv no longer interested with KLSE …so, I m moving away, keep the profits of Jan and Feb. 

Holiday time …where should I go?

TEH

Maybank : to pullback or breakout?

7.15pm ... sitting out of the market ... rest weeks ahead as waiting for KLCI to pullback, lead by MAYBANK. 

Financial Index : pulling back, technically speaking. Wait for a week to update again.

 done a clip on you tube . Maybank (RSI and MACD) (youtube.com)

Click like and subscribe ya. 

Thanks

TEH

Stock Watch : Maybank

 11 am ... done a short clip on MAYBANK .. a no-brainer stock to buy to hold and average down each time it is down, buy in stages. 

Financial Service Index : uptrend ... breakout . weekly chart shown second candle. RSI 73-74 level. 

Today's clip : MAYBANK  https://youtu.be/czgcKFh0JFA?si=cn4ScRG174Ufz85a

Disclaimer : This is not a buy-sell call ... buy at OWN RISK.

Thanks for watching. Trying to be consistent to create more of these clips. 

click LIKE and/or subscribe. Motivate sikit la ... susah for uncle me to do these things, ok? Where is my coffee? haha

TEH

e-meeting : 9.30pm

 Why we should be in stock markets in year 2024

CP Teh is inviting you to a scheduled Zoom meeting.

Topic: CP Teh's Zoom Meeting

Time: Feb 23, 2024 09:15 PM Kuala Lumpur

Join Zoom Meeting

https://us02web.zoom.us/j/85876332232?pwd=eVVEekFCTzFjdzcwNlgzaUY1MEQwQT09

Meeting ID: 858 7633 2232

Passcode: 605651

Meeting ID: 858 7633 2232

Passcode: 605651

TEH

Shooting Star : JTiasa (code 4383)

 12.20 pm ... lunch time soon. in daily basis, I taken RM200 profits ...(or more) since Jan. So, it is good trading month so far ... today still managed to squeeze a trade out for RM200. haha. 

As I sold off most stocks in hands ...including some I have held for 1-2 months (that is considered LOOOONG for traders like me) ...taken profits in most and cutloss small those not performing to release funds ...awaiting correction. 

Learning Corner : Shooting Star

let me give an example of SHOOTING STAR, a strong SELL candle stick. 

This is weekly LIVE chart of JTiasa as at RM1.23 ... can see the long tail up there and dropped  ... it is a SELL , not a buy. RSI showing overbought. HIGH volume showing ... sell. 

That is technical analysis ...how charts could help us to make decision ...if not in position, we wait for pullback . Sound simple ...looks simple ..but it is NOT, ya. whoever told u it is, they BS as they are not a trader ...just promoters and those in FACEBOOK ads, pure BS ya. 

U decide .. but good to learn this candle stick. SAY AFTER ME : Shooting STAR is a SELL. good. 

Lunch ... ok, off for me. tonight e-meeting ...9.30pm. I will post the link later. lazy now ...

Topic for tonight : WHY buying stocks in 2024.

TEH

Trading Idea : Banking stocks

10am ... yeah, time to go for breakfast!! Tuesday off day, only allowed to eat after 10am!!

ABMB : breakout . 

done a clip today :  Trading Idea : Banking (youtube.com) help to subscribe and like, ya. Kasi motivation la ... if not, uncle me hard to find reasons to share trading ideas. 

ok ... give only good comments, ya. haha

TEH

Greed in play : 77 level

 Morning ... 11am ... time for my brunch. Skipping breakfast on non-working days and only take some so-called healthy drinks. 

Well, as said ... 2024 is a year to buy equities ...stock markets going up and would be explosive due to EUPHORIA in making in AI ... go to US to feel that. 

But ... as we know, only limited to FEW stocks in SP500 or Nasdaq that are up up ...leading by NVidia ...the one that larger than Amazon and Google now? Sound familiar ... playing the euphoric-music ... 

do you remember HARTALEGA was once larger than PUBLIC BANK in market caps during glove-euphoria when your neighbour's aunties would be asking how to buy into glove-stocks ... what is a CDS account ... and such. Hartalega's PER was above 100 haha ... I laughed as I told all in my group regarding bubble back then and do not be the LAST FOOLs , looking for greater fools, ya. 

Hartalega : still my fav ... and have to be patient to see recovery, ya. Slow slow wait. Stuck up there ... hold forever? Average down? Well ... everyone is different. haha. 

Note : I have the invested interest ...so, this is NOT a buy call. 

Doing some homework at the moment ... on SOLAR. Again, I hv interest in those ya, buy at your own risk. 

Have a nice weekend. Will TRY to blog more often ... 

TEH

16th FEB : DOW to pullback

 Morning 6.30am .. I do like FRIDAYS ...yeah, TGIF as it is my off day after two very long days ... Wed n Thu. Well ... I m glad to have the teaching job, appreciating the days ... as I m getting 'older' ... 

TIME TO BUY STOCKS ... it is 2024, with markets pushing into HIGHER ... so, trade UPTRENDING stocks, hold them up ... or go to buy China-stocks (listed in HKSE or US) to invest. I did. 

Yesterday ... DOW up another 300 plus points, reaching back to the NEW HIGH level ... as Nasdaq taking a short breather before ... eventually hitting NEW HIGH as many into AI related stocks. We can ride them up as it is going into bubble-level ... in my opinion, it is NOT a bubble yet, won't pop-burst yet ... so, any DIP is a BUY ... NVidia larger than Amazon or Google now!! More to come ... just started to blow ... larger ... 

DON'T BE THE LAST FOOL ... standing up there. Want to ride the bubble, it is this round ... act ASAP. 

http://bogan.dyson.cornell.edu/doc/Hartford/Bogan-9_GreaterFools.pdf

To revise on the greater-fools theory later ... 

Slvest : breakout of 1.40 was a BUY ... so, I printed the chart out ... oh yes, I bought a new printer recently to PRINT out those charts ... haha. 

Has been trading well ... with each trade targeting RM200 ... but due to bullish markets, the winning chance is very high (80-90%) and more than the expected RM200 ... so, JAN 24 was a very good month for trading ... and till now, DRAGON year ... still good ... but as GREED coming in, I have to trim and wait for next pullback or correction soon. It is ripe to pullback. 

DOW weekly : pullback is very possible in coming weeks. MAC24 ... 

ok, time to have a walk or gardening. 

Have a nice Friday ... treat me coffee, I m free on Friday.

TEH

Dragon Year 2024 : BUY stocks

 Morning ... done gardening today as morning no tuition. 

Here is the chart to see FEB and MAC, we might have some pullbacks but the KLCI to breakout of 1530 level , heading to 1600 (target 1630) ... another 100 points up as foreign funds buying in (big caps). 

If you don't know what to buy, treat me coffee ... i show u simple no-brainer way(s) to ride up the recovery or new high. (only mean for sincere friends who want to treat me coffee). 

AHealth : there are MANY uptrending stocks at the moment as sentiments improved.

Spritzer : definitely you heard of it? I was explaining to my wife last month WHY I was wrong ... on Spritzer back then in 2010 ... that would be for another post. haha.

We have new AGONG who would like to see the current gov to take charge till next coming election ...and with oppositions (PN) weakening, I see stability in our politics ... hence, would be good for our markets ... FDI ... etc. 

HUAT AR ... only if you buy stocks ... buy big big, ya. 

US at new high too with META (Facebook) at new high!! 

So ... call me up, I m free for coffee or dinner (on you la) ..

TEH