Follow Us For The Latest Updates

Follow Us For The Latest Updates

M+ Wiz – Volatility increased and some U-turns from the Newsflow

Get Wiz

On 23rd June, in the morning there were several news articles contributing to the Dow Jones and Hang Seng futures volatility. How did it affect performances on Bursa Malaysia? Meanwhile, how did the traders do during that period? We believe some panic moments happened and that is caused by the fearful feelings of further uncertainties in the global scene. 

However, how did the M+ Wiz perform during this period?

Mechanical methods will always outperform during these extra volatile moments.  

Giving you some examples of what M+ Wiz have picked for the day. 

Example 1: SCGM

Source: M+ Wiz

At 9.01am, M+ Wiz notified us of the signal and we started following this counter. Throughout the day, it was smooth sailing towards breaking the psychological level at RM2.00 after a volatile 30 mins at the start of the journey. This is considered as one of the decent trends for the day given the volatile news in the morning. 

Example 2: MTAG 

Source: M+ Wiz

Second example we have MTAG flashing on M+ Wiz sidebar at 9.01am as well. The start was also shaky, but the return of buyers took the stock higher for the session. Although the start was tricky as we will not know whether the selling interest will pick up or not, M+ Wiz did pretty well on notifying us the best potential spot to ride the trend. 

One last thing, the key is always mitigating your emotions throughout the trading journey. Once you are able to get rid of that part, managing your risk (stop loss level), then the reward will follow you in the end. M+ Wiz is designed exclusively for you to follow the signals effortlessly. 

Just follow the trend and the trend will follow you. Cheers !

Follow us on Facebook for the latest updates


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

More Posts

AME Elite Consortium Bhd – 26th Feb 21

As of 3QFY21, AME is equipped with an unbilled construction orderbook of approximately RM200.0m, representing unbilled orderbook-to-cover ratio at 1.1x against FY20 construction revenue of RM185.2m that will provide earnings visibility over the next two years. While there were 22 Covid-19 cases reported at the worker’s dormitory, AME has conducted immediate sanitisation and set up a separate off-site quarantine centre.

OCK Group Bhd – 26th Feb 21

As of FY20, OCK owns and manages over 4200 telco sites in Malaysia (500 sites), Myanmar (1,000 sites) and Vietnam (2,700 sites) that will provide stream of recurring income over the long term. We note OCK will actively participate on the National Digital Network Initiative (Jendela) plan with RM4.0bn infrastructure works for more than 1,700 sites to be tendered by 1Q2021, whilst capitalising on the 5G transition that may see demand for telecommunication sites quadruple against the number of 4G sites.

market pulse

Return of volatility

The FBM KLCI has rebounded strongly amid bargain hunting activities as steel-related and technology stocks were traded higher following several strong sets of results under the respective sectors. Meanwhile, healthcare sector was the sole decliner in the broader market. We believe the market will be pricing in Covid-19 vaccination progress and market may trend on an upward bias tone, focusing on recovery theme stocks. On the commodity side, the crude palm oil price has climbed above RM3,700, while Brent oil price is firmly trading above USD65.

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).