Follow Us For The Latest Updates

Follow Us For The Latest Updates

Good ending for the week after gloves and healthcare rebounded

Throughout the past few weeks, we have observed Lumber futures traded to all time high and firmly standing strong within that region. Meanwhile, we have seen some net buying moments from the foreign investors based on what we can gather from Bursa Malaysia’s website.
Get Wiz

For those that have been waiting for the gloves and healthcare stocks to rebound this week, most of them are ending with a smile. We believe our retailers that followed us throughout the M+ Wiz journey are capable of making some good trades too. Given our focus is not always in the glove segment, we have put in several stocks under different sectors for M+ Wiz to alert us.

Throughout the past few weeks, we have observed Lumber futures traded to all time high and firmly standing strong within that region. Meanwhile, we have seen some net buying moments from the foreign investors based on what we can gather from Bursa Malaysia’s website. 

Lifted by the gloves segment on Tuesday, the broader market was trading higher as market players piled in more money into the stock markets, chasing yields for the near term. Hence, we believe there are trading opportunities within the small cap and ACE market stocks. Nevertheless, we will let M+ Wiz’s strategy to alert us on a real-time basis.

LUMBER Futures

Source: Investing.com

SERNKOU – Alerted at 9:19am and trended strongly higher

Source: M+ Wiz

TECHBND – Signal was triggered at 9.53am by M+ Wiz

Source: M+ Wiz

VSTECS – Forming a rebound move and it surge above the 8D SMA, alerted at 9:33am.

Source: M+ Wiz

Our strategies are providing traders a timely entry for most of the stocks, if it is turning against us, it is advisable to put a stop limit and protect your capital in order to move on for another stock opportunity in the future. 

We will continue using M+ Wiz to monitor for opportunities and provide traders a more systematic approach for their trading journey. 

We would like to highlight that these examples above are not a suggestion for a BUY or a SELL recommendation and it is more for a case study reference material for the future. 

Get M+ Wiz as we are still having the offer at this moment!

Share:

Share on facebook
Share on twitter
Share on linkedin
Share on telegram

More Posts

SLP Resources Bhd – 25th Feb 21

Moving in FY21f, we believe that sales from the local market will continue to take charge (>50%), after raking 53.3% of total revenue in FY20 as oppose to only 39.0% recorded in FY19. For now, SLP will focus on ramping up the production of kitchen and garbage bag, targeting 25% of production output in FY21f (from less than 20% recorded in FY20).

Econpile Holdings Bhd – 25th Feb 21

As of 2QFY21, Econpile’s is equipped with an unbilled construction orderbook of approximately RM930.0m from 23 on-going projects. Moving forward, the group’s unbilled orderbook-to-cover ratio at 2.3x against FY20 revenue of RM403.0m will provide earnings visibility over the next three years.

market pulse

Rebound in sight

Selling pressure in the glove counters persisted, pushing the FBM KLCI into the negative territory in the afternoon trading session. Whilst the National Covid-19 Immunisation Programme kickoff did not boost the local bourse yesterday, we opine some bargain hunting activities to arise in lower liners after close to 1,000 counters closing in the red. Meanwhile, the Brent oil price continues to climb above USD67.

market pulse

Bargain hunting may take shape

In contrast with the regional gains, the FBM KLCI failed to sustain its intraday gains as the key index slipped into negative territory during the final trading hour. We expect the arrival of the second batch of Pfizer-BioNTech vaccine today and the vaccine distribution to different states will continue to attract buying interest in recovery-theme stocks moving forward. Meanwhile, crude oil price continued to remain firm above the USD65 level for the time being. Also, traders will focus on high earnings certainty sectors during this reporting season.

good-ending-for-the-week-after-gloves-and-healthcare-rebounded-m-online