After a euphoric buying on the FBM KLCI members, pushing the key index more than 3% in a single day, the key index has taken a beating on the back of profit taking activities. Meanwhile, on the Bursa Exchange, the broader market was fairly mixed.
There was several news that triggered the volatility in the market and the vaccine hopes soared when Pfizer-Biontech vaccine candidate was found to be more than 90% effective in preventing COVID-19 in participants without evidence of prior SARS-CoV-2 infection in the first interim efficacy analysis.
So most of the market players were rotating from healthcare into the recovery themes such as aviation, leisure and banking related sectors.
So what is good in our list after the euphoric buying?
First of all, the market turned negative amid profit taking activities. However, what we have selected for M+ Wiz list was with a good recovery theme in it as well as some sectors with earnings certainty. Our picks are KGB, THPLANT, CARIMIN, DAYANG, MMCCORP and HEXTAR.
At this moment of writing, only 3 got triggered with a buying alert. So we will post some of the examples in this blog post for your reference.
MMCCORP – Continued to breakout of its recent high after a steady momentumSource: M+ Wiz
THPLANT – Triggered after a flag formation breakout
Source: M+ Wiz
KGB – Triggered near RM1.40, highest point hit was RM1.61 (at the time of writing)
Source: M+ Wiz
Although the market was negative, with the M+ Wiz Pro tool you will be able to trade like a wizard, reading the market trend with a snap of the finger.
Again, we emphasize that the examples above are not a recommendation for buying and selling purposes, please take advice from your brokers to get a clearer picture of the market before making any important decisions in the market.
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