14th June 2020
Source: M+ Wiz
Last Friday, no doubt that Wall Street spooked investors by diving near to 7%. While most of the people will try to predict or forecast what could happen to Bursa Malaysia on Friday opening bell, we will let M+ Wiz show us the path.
One will ask, why do we rely on M+ Wiz so much?
The reply is rather obvious; M+ Wiz is able to quantify the quality of any alerts scientifically and mitigating emotional risk. That is the first winning trait of any systematic trading alerts in town.
During the gap down at the start of the session, CONNECT plunged and managed to recover throughout the first 30 mins of the day. We continued to monitor the trading alerts and we found it has triggered a resistance breakout for CONNECT and the rest was history. It opened at RM0.25 (intraday low at RM0.245) and closed at RM0.345 (intraday high at RM0.375), adding 38% (based on open and close price) for the day.
While M+ Wiz did not catch the low for the day, but it alerted us at RM0.30 and should you ride on the trade, it will be a decent 15%-25% gain for just one good trade.
Even during that weak sentiment day, M+ Wiz has presented this opportunity for the traders. We will look forward to more trading opportunities on Bursa Malaysia next week. Stay tuned for more. Cheers!
