Thursday, March 7, 2024

Oversold : AAPL (Apple Inc)

 8 am ... morning ... drizzling outside ... so, good excuse to sleep a little more and without my two girls to disturb ... lying flat la. 

The Magnificent 7 now is turning to Fantastic 4 ... narrowed to 3 .. perhaps one, NVidia. With SMIC and ARM ... and such going vertically up, we are building a bubble ...

But I am a contrarian ... so, I check APPLE. 


AAPL : losing their grounds in CHINA ...sales down there. APPLE is an US brand ... as US attacked HuaWei (China's brand) ... it is retaliation , showing we are in tech-war ... RSI below 30, oversold, nearing to support. Will q at USD166 ... 

Time to check on KLSE as we are still hanging around 1530-1540 level, rebounded from 1520 support. 

note : I just shorted 1511 the other day, in paperloss of RM325 as of writing. Trade at own risk, as they said ... as markets going wild and very volatile. 

staying in cash ... as waiting for KLSE to dive ...

TEH




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Stock Watch : TENAGA above RM14

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