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

macquarie structured warrants 20200914

MYEG call warrants posted moderate gains

The HSI October futures had a choppy start last week with a 1.8% gain on Monday followed by a 1.4% loss on Tuesday. However, the futures saw strong buying interest after the Hong Kong market resumed trading on Friday, finishing the week on a positive note at 25,318 points, up 2.0% w-o-w.

technical focus

Technical Focus – HEXTAR

Over 500 products exported to countries like Vietnam, Hong Kong, the Philippines, Cambodia and Singapore through established distributors, hypermarkets, supermarkets and dealer network. Acquisition of Chempro Group and Noble group comes with a collective profit guarantee of an aggregate of RM81.0m over 3 years, while impending acquisition of ENRA Kimia Sdn Bhd will strengthen bottomline. Entered into a consortium agreement with Arcadia Acres and Ihsan Equity for the application a digital banking licence. Technically, traders may anticipate for a potential flag-formation breakout above RM1.42 to target the next resistances at RM1.50-1.55 with long term target at RM1.65.

market pulse

Heading back onto 1,600

The FBM KLCI advanced on Friday in tandem with the regional peers following the
positive cues from Wall Street lifted by optimism in the corporate earning seasons
as well as the improved labour data. We expect buying momentum to persist on
the local front following a streak of buying interest from foreign funds. Meanwhile,
the relaxation in SOPs and the movement of Klang Valley, Melaka and five other
states into the next phase of NRP would continue to drive the recovery theme
stocks. Meanwhile, both the CPO and crude oil prices rose; the latter is trading
above the USD85 per barrel mark at the time of writing.

market pulse

Still eyeing 1,600

The FBM KLCI took a breather following a seven-day winning streak, as the key
index retreated from the 1,600 psychological level on the back of profit taking
activities. However, tracking the strong gains from Wall Street overnight, we expect
local equities to gain momentum and investors could focus on the upcoming
Budget 2022 beneficiaries, which we anticipate some goodies to be revealed for
construction, telecommunication, and solar sectors. Commodities wise, the CPO
price declined after a surge in the previous session, while the crude oil price
rebounded above the USD84 per barrel mark.

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