UPTREND : Sunway (code 5211)

 morning ...7.40am ... kinda late today, after a whole classes yesterday, zzz off. 

Today, we check SUNWAY ... the strong uptrend and might be even be considered to be in KLCI soon. Market caps standing at RM19bil plus now

Sunway : pending breakout .. might be this week. We shall watch the breakout ...

By MAY and JUNE, I would be free for coffee-chat ... anyone want to meet? Let's talk about stock markets!! 

Will write more later ... 8 am class. 

TEH

e-meeting : Why we should INVEST in CHINA?

 9.30pm : why we should INVEST in CHINA stocks?

https://us02web.zoom.us/j/87835211536?pwd=clhmbEpsdUdBZWUva1BMUTdqNFNTdz09

TEH

Breakout new high : YTL

 9.15am ...Friday. YTL breakout new high ... nice.

Buy at own risk, I have invested interest ya ... so, I m not asking anyone to buy. 

TEH

Maintain Short Nasdaq100

 9 pm ... as I m checking META diving 15% pre market, whole Nasdaq down and DOW minus 400 at the moment ... I m convinced that we would see correction in coming MAY-JUNE... the sharper, the better.

This morning I drawn this one to share ...

So ... I will add my short positions ...not BIG SHORT yet, as I believe this is NOT the crash I wanted , just a sharp correction and then rebound ... cover once EXTREME FEAR in markets with oversold in RSI 

Good luck to those holding to stocks ... brace the selldown. BUY more if u like it cheaper ...

TEH

ex-dividend : KMLoong

 morning ... yesterday, KMLoong managed to inch higher ... at new high now. 

so, I added more as it is moving higher ...AVERAGE up. ex-dividend today 5 cents, adjusted to 2.26 opening today

KMLoong : uptrending chart

Three reasons I have given to BUY KMLoong ...

1. Year of Wood Dragon : Wood favouring Plantation-wood-based biz ... Loong = Dragon

2. UPTREND ... see chart as charts do not lie.

3. Good dividend yield stock : 5-6% at current.

Buy at own risk. 

TEH

Correction : Nasdaq100

 Morning ... 8.15am . Done my one hour gardening, focusing the Hibiscus and Colocasia. 

With NVidia own around 10% last night, that is the leader bringing the whole AI-craze and semi-con into correction mode. 

Still waiting for the EXTREME FEAR to buy in those AI stocks in US. No crash .. correction now is the buy on dip.

NVidia : Wait around USD700, buy amount USD700 and wait for USD500 and USD350 , do the DCA. 

Ray Dalio : pointing out that we are NOT in bubble, yet ... so, BUY on DIP ... the bubble would be blowing larger ...

Have a nice weekend.

TEH

e-meeting : why I m buying KMLoong (3 pointers)

8.35pm ... as KMLoong reaching new high ... let's my friends all check if they want to jump in, AT THEIR OWN RISK ... not going to tell u to buy, just telling you three pointers on WHY I bought in.

note : I think I have 10 pointers in my head ... only share 3 publicly. For more info, treat me coffee. haha

https://us02web.zoom.us/j/89030334582?pwd=V29YZG85YUtERjh6aklaUkpsczZYQT09

to give me tips : Touch n Go 012-821 0129 (coffee tips) haha

TEH

Stock Watch : KMLoong (new high)

 5.30pm ... I have interest ... buy at own risk. No care if u buy or not , but if profit ... treat me coffee. Loss? That is yours la.

KMLoong : buy first, talk later ...ride it up. 

TEH

Crashed stock : ATAIMS (code 8176)

 morning ...Monday blues. How they lost at home is unbelievable vs lowly ranked team. But the Gunners lost too ... ManCity celebrating and should win the league again , this time around. 

IRAN hitting on Israel .. no impact to markets at the moment. 

Let me check a crash stock ...randomly taking one from my list : ATAIMS

ATAIMS : we need to know why it crashed ... and now think, would it ever recover? if u do think it will recover (fundamentally) then buy some and hold it long term. 

TEH

Wait for FEAR = buy?

 6.45 pm ... done gardening , got myself a new mattress (KJ promoting it la) and re-arrange my bedroom ... and working space! 

  Well ... after the Friday selldown, many of the charts showing bearish signals ... so, I had an e-meeting to share those charts yesterday. We should wait till more selldown till FEAR or EXTREME FEAR to move back in ... so, relax and let it swings ...

This is one chart to show the breakout in 10Yr bond-yield due to high than expected INFLATION print ... nothing to do with us here but if the selldown in US (sell in MAY and go away?), then we wait to buy stocks in MAY. 

In the mean time, continue to hold shorts ... and add in once confirmation ... 

TEH

e-meeting : waiting for correction

topic : correction in-coming

time : 9.30pm to 9.45pm

charts : US indices.  

link : 

https://us02web.zoom.us/j/89488517266?pwd=WDN6dWVsMVBPT2pBWlVJRmlCT0x1Zz09

TEH

Stock Watch : ABAT (US)

 10.45am  ... Selamat Hari Raya, day 2. Busy morning clearing shoe-rack, clearning racks and items to throw away. Tired now ...

Yesterday went to TRX ... nothing much there for uncle like me, LARGE EXCLUSIVE expensive items which I seen these are un-necessary luxury that consumerism in stupidity of humans indulged in. That is for another topic ...oh yes, saw looong q for breakfast in the Oriental Kafe ... almost all are Chinese ...who said Chinese not stupid ...or kia-su? 

ABAT : took some small positions at USD1.68 ... will try to add more as it is bottoming. 

Time for me to do some reading ... rest. Tmr markets re-open in KLSE/BMD. 

TEH

e-meeting : How to be 'contrarian'

 talk a little bit about being a CONTRARIAN ... if u want to stay long term in markets. 

Time : 9.30pm to 9.45pm. 

zoom link : 

https://us02web.zoom.us/j/85052138177?pwd=aklRbjdLMmdEZ1ZRL1o1NlZZMGVqUT09

TEH

SHORT FKLI : maintain

 8pm ... as KLCI reaching 1560, MANY would start to feel BULLISH ... and looking at 1600 as target now. Check those upgarding of KLCI targets later ... haha. 

note : I still holding to my SHORT FKLI and no intention to go long. SELL in MAY and GO away ya. 

Screen short the FKLI 15min chart as it is edging higher ...1560 now... cool. wait 1580, short another. Good luck.

Do remember ... stock markets normally go against the majority, ya. 

TEH

Sold : Dayang and Perdana

 9.55 am : boring morning as markets zzz ...RAYA holiday this week, expect low volume and interests.

Dayang weekly ...today is Monday. I sold all last week FRIDAY. Long off this week ya ... so, keep cash.

Perdana : took at 25.5 ... sold 29 resistance, then it breakout of 30 but I didn't not chase up and my q to buyback not done. I let them chase ... now I wait pullback again ... relax la, no need chase and rush, ya. 

TRADERS : sell for profits and wait ... do nothing once recognize markets at HIGH RISK. We do not need to trade in daily basis. 

TEH

GOLD and WTI : are we back to 2007?

 8.45pm : done dinner. was explaining why this time NO DIFFERENCE vs 2007-2008 ...

The Fed completed its 2005-2006 campaign for rate hikes in June 2006. By early 2007, the housing bubble was bursting and the unemployment rate started to rise. With the economy ailing, the FOMC started reducing rates in September 2007, eventually slashing rates by 2.75 percentage points in less than a year.

Now, FED not yet cut rate ...might be delayed to JUNE 24 or beyond as unemployment rate is LOW (very low) ... wait after cut-rate ... wait and see after 12 months, then only talk about crash la ...why always talk about CRASH ...  profit from the current run in 2024 ... then get out, can?

GOLD at new high ... see the SEPT 2007 ... we are there now ... but due to the lag effect, we might hit new new high around mid-2025 (crypto too? that I don't know as those are gambling-instruments)

WTI is back to SEPT 2007 ... wait for ONE MORE YEAR ... oil up, inflation in US not up meh? Then why FED would need to cut rate, right? Common sense would tell you that something FISHY inside their books ... as they are not transparent or accountable. By the way, they lost the trust, ya. 

Now, someone owe me coffee ...to share these, ya. 

So ... don't talk about market crash to me in 2024 ... it wont.

TEH

Stock Watch : SIME (code : 4197)

 7pm ... dinner time soon, done my gardening! Tired. Happy to trade well today and sold off many. haha. 

Good luck holding over the long RAYA off ...

SIME : good uptrend ...overbought, at resistance. Buy on pullback and ride it up. Recently very good QR. 

PE now is 5 ... wow. Need to check WHY such a good QR ... or it is one-off kinda ... 

Time to wait for pullback rather than buy ... rest after good trades for 3 months ... 

TEH

e-meeting : Two charts to watch

 https://us02web.zoom.us/j/87820959128?pwd=Tm0vQmNBc1hnb1RnMzFZNXdHOSs0QT09

Showing TWO charts for the APRIL to check potential reversal in indices.

10pm to 10.15pm

TEH

Stock Watch : DAYANG breakout

 let the charts do the speaking ... WTI and Dayang

Dayang and many Oil-n-Gas stocks up ... mentioned since end 2023 as WTI bottomed out ... I started trading Dayang around RM1.60 ... now it is at new 52w high. 

WTI

Trade uptrending stocks, as I said ... for 2024. Ignore noises.

TEH

Index : Financial Service

 morning ... would be reading Jesse Livermore's book today. 

Finance Index weekly showing signs of weakness. Be aware.

TEH

Crashed : ABAT (US)

 6.55am : morning from office here ... checking on last night selldown in US hit minus 500 points, and there we go again ... singing the WuBai's songs ... to celebrate the selldown. 

DOW weekly after last night selldown of 400 points. 

I will patiently wait for SELLDOWN and CORRECTION in US to be buying again ... while keeping my FKLI shorts (in paperloss) . 

ABAT : Battery-related stocks crashing as EV hype is like ... over? Here some info on the company

 American Battery Technology Company (ABAT) Stock Price, News, Quote & History - Yahoo Finance

Description

American Battery Technology Company operates as a battery materials company. The company explores for resources of battery metals, such as such as lithium, nickel, cobalt, and manganese; and develops and commercializes technologies for the extraction of battery metals, as well as commercializes integrated process for the recycling of lithium-ion batteries. The company was formerly known as American Battery Metals Corporation. American Battery Technology Company was incorporated in 2011 and is headquartered in Reno, Nevada.

Putting ABAT into my crash-list stocks ... 

Here is the full chart ...wait for 50cents. 

ok ... time to move around ... will start to show crashing stocks that I m checking.

TEH