Stock Market View: KLCI Index

Kuala Lumpur Composite Index Daily Chart

Kuala Lumpur Composite Index (KLCI) dropped 19 points and closed at 1382 today on profit taking activities following Wall Street’s extended losses. Lately for the couple of days, the trading volume drops significantly with less than one billion daily average traded. Considering the short term views, our stock market in minor correction mode and will ready for technical rebound. Probably we will see a few people will jump and try to catch a falling knife during this time. Anyway, all eyes tonight surely will focus on the DJIA and our stock market; Asia stock market generally will be much affected whatever result tonight. At this moment myself is not actively view Malaysia stock market due to work load at my office. Surely no trade is made during this time because I cannot monitor stock market closely. All the best and happy trading!

Read more...

Bursa Malaysia Market Wrap - November 9, 2007

Bursa Malaysia commentary in Star Online today.

Read more...

Tenaga Nasional 2 November 2007

Tenaga Nasional Quarterly Chart

Have you seen this kind of chart tool before? Adrew's Pitch Fork. That's it. I am using the Adrew's Pitch Fork Trend Lines for this case study. Price normally play around the median trendline. Stock price will touch the upper and lower trendline and back to median trendline. When the lower trendline broken, meaning that sell short valid signal triggered. But our market do not allow short sell. This stock price at the moment around RM9.00 at the previous support. Will Tenaga stock price survive at this time? Any comments?

Read more...

Swing Trading - Investopedia

Types of Trader

A style of trading that attempts to capture gains in a stock within one to four days.

To find situations in which a stock has this extraordinary potential to move in such a short time frame, the trader must act quickly. This is mainly used by at-home and day traders. Large institutions trade in sizes too big to move in and out of stocks quickly. The individual trader is able to exploit the short-term stock movements without the competition of major traders. Swing traders use technical analysis to look for stocks with short-term price momentum. These traders aren't interested in the fundamental or intrinsic value of stocks but rather in their price trends and patterns.

Read more...