We noted that last week was not a good week for healthcare stocks as they underwent some consolidation phase, but it gives us the opportunity to look out for the breakout formation in the near term (as they are still in the uptrend intact position). Bursa Exchange was also mixed with the laggards and leaders being on a neutral tone.
Based on our findings that momentum on healthcare stocks are generally positive, we have put in several stocks under the healthcare theme since last week, such as CAREPLS, HEXZA, TEKSENG, RUBEREX, and etc…
RUBEREX – M+ Wiz has triggered us this morningSource: M+ Wiz
LUXCHEM – Signalled us at the start of the day, flag breakout for nowSource: M+ Wiz
Both stocks above are the examples of a good setup based on M+ Wiz signals, we will continue to monitor throughout the day. We either wait for the system to alert us or you could wait for the breakout to buy into them after we have put the stocks into the list every morning.
Plantation stocks could be emerging following the surge in CPO price
Beside having our stock selection revolving around healthcare stocks, we believe the next up and coming sector will be the plantation stocks as the FCPO price has shot up above RM3,000. It is likely to translate to trading interest amongst plantation stocks moving forward.
If you would like to know which plantation stocks that we will be featuring, stay tuned for our M+ Wiz highlights at 1230pm later. We will be on our FB live and share our thoughts on the market for that session. If you like our videos, remember to click “Like” and “Share” to your friends.
The above examples are not a suggestion for a BUY or a SELL recommendation and it is more for a case study reference material for the future.
We use M+ Wiz as a system in order for traders to avoid trading based on emotions to perform better in the stock market. However, we certainly recommend traders to put a stop limit to protect your capital just in case the market turns against your trades
M+ Wiz – mitigating trading with emotions!