We have been facing some headwinds in the market since last Friday on the broader market and we noticed trading volume and value on the Bursa Exchange have been lower over the past four trading days, the trading volume was below 10bn shares traded, while trading value was below RM5bn as compared to a week ago. We believe this coincides with the lifting of loan moratorium this month and market participants could have started to trade slower and reduce their exposure in the markets to repay their loans.
Despite the changes in market tone, we are still quite fortunate to put in several counters that performed this week.We have been monitoring the furniture segments and finally it has traded strongly yesterday. With the strong uptick move yesterday the virtual portfolio (assuming you have bought those shares when it was being triggered) should gain 7.81% (figure below) based on our daily entries.
Source: M+ Wiz Telegram group (paid service)
EVERGRN – buying support was strong since the start of the day
Source: M+ Wiz
The above is our result for Tuesday, we hope that M+ Wiz system will generate good returns for our clients based on our cherry picking of stocks. Despite the market sentiment being slightly weaker, we think the M+ Wiz system will avoid trading based on emotions, assisting traders to perform better in the market.
Nevertheless, we reckon traders to put a stop limit and protect your capital just in case the market turns against us. Stay tuned for M+ Wiz highlights every Monday at 12:30pm, we will turn 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.
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.
M+ Wiz for the win!
