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Saturday, February 12, 2011

Attending to Chart Nexus Seminar

Today, i have attend the Stock Selection Seminar organized by Chart Nexus for the graduates. The seminar was quite resourceful in knowing what is the market sentiment and prospective sector to look into it.

1) Market Indices

   a)  Dow Jones

1) Trend Line - Uptrend ( Bullish)
2) HH - Formed Higher Low at 11826 and going up ( Bullish)
3) MACD -  Bullish
4) RSI - Bullish
5) ADX - Momentum Strong and Bullish

Factor on why Dow will continue to thrust upwards
1) USA funds coming back refer US investor fund rising
2) World Peaceful again after Murabak Resign refer to link

Dow Jones is still in bullish uptrend and will test the new resistance at 12341 and by breaking this will be another strong bull trend to next resistance at 12607


1) Trend Line - Downtrend ( Bearish)
2) HH - Formed Lower High at 1545 and retracing ( Bearish)
3) MACD -  Formed 4G1R and going down below 0 crossover ( Bearish)
4) RSI -Retrace to 21% ( Bearish)
5) ADX -Momentum above average and Bearish.

Look like KLSE was badly impact by China Interest Rate Hike this week and here is we need to monitor and question ourselves?

a) Will KLSE continue to go downtrend and should we cut lose?
    Nobody know what will be the outcome. Strategy better cut lose on Monday if it goes down below 1482 because KLSE suppose to goes up with good news from USA and Egypt

b) Will KLSE rebound anytime soon and should be start to accumulate good bargain Stocks?
   We only start to buying frenzy it KLSE formed a bullish Harmi by  closing higher than 1522 on Monday and this will potentially trigger the RSI 30% bullish crossover

2) Sector to monitored
     a) Oil and Gas
     b) Plantation/ Finance
     c) Properties

Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)

1 comment:

  1. Hi Edwin

    I registered for it but did not attend as I hv tuition classes. Thanks for sharing a little here. I will copy your post to my blog and give my comments there.

    You see, I am NOT a pure TA person and have cut-losses/take profits on many last week at the first sign of reversal. It is a BUY to me if KLCI down to 1480 with decreasing volumes.

    stock pickings becoming much easier now and waiting for signals to buy will be too late IF one still bullish on KLCI.

    Just my opinions.