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Rotational moves in the Market

We have been monitoring the retailers’ trading participation over the past week, the 5-day average participation rate continued to stay above the 45% (at one point it touched the 48.2% level). This is considered euphoric to us, but we think selectively there are still plenty of opportunities on Bursa Malaysia stock exchange.

We have been monitoring the retailers’ trading participation over the past week, the 5-day average participation rate continued to stay above the 45% (at one point it touched the 48.2% level). This is considered euphoric to us, but we think selectively there are still plenty of opportunities on Bursa Malaysia stock exchange. We have handpicked some counters throughout this week and one of them has performed well. The essence of our M+ Wiz is to pick some thematic stocks and let the strategy trigger it on a real-time basis, translating to real time opportunities for the traders. 

On the stock MINHO, we have put it on our daily list on the 12th of August. It has been triggering a few rounds before the strong rally. 

Let us show you why we pick lumber/ timber related stocks as one of the picks that day.

We have spotted the Lumber futures (figure below) in CME continue to charge strongly towards the all-time-high (and without taking a pause yet). Hence, we think it may trickle down towards timber/ logging industry stocks in Malaysia. 

LUMBER – All time high amid strong demand

Source: Investing.com

Given the clear direction for lumber futures, we searched for stocks under the related sector and found out MINHO could be a decent pick given that he has not moved yet and steadied along the range of RM0.23-0.26 over the past 3-4 months period. 

MINHO – Just before the rally with some improvements in volumes

MINHO – It has triggered buy on the day and the following trading days 

Source: M+ Wiz

In our M+ Wiz Pro Official Support Channel (Telegram), we have also highlighted on MINHO

So with us understanding the situation of the catalyst and storyline for the stock, coupled with the proprietary strategy being in the back bone of M+ Wiz, we are fairly confident it will select timely trading opportunities for us moving forward. 

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. 

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