A breathtaking week in KLCI !

Is been a while we see a drop of >30 pt in our index in 1 day or 2 day . Those last one happened in 5/Sept where she drop 34 pts in 2 days while on 21/Jan/2013 drop 40pt in just a day. This is due to announcement of the GE announcement date to be 22/Feb ? So, expect a bigger drop on 22/Feb or the day it is announced where whatever short term or mid term TA or FA will fail. I would say that FEAR of whatever results of the outcoming election make every investor or trader not to hold too many shares in their portfolio. Hmm, so I'm also in my planning stage to trim down some long term investment stocks and buy back after the election.
I'm expecting the index will go sideway or the most climb towards 20MA and slide down further. You can see the weekly Stochastic and MACD line has bearish crossover which I do not expect to break any resistance in these 2 weeks. Initially, I intend to hold Paramon till 1.77 but seeing such jitters can happened in such a fast pace, I decided to take profit at 1.57. In this few weeks till election, I will intend to go for a very short term play (less than 1 week) if there is some stocks which I really like her chart .

IGBREIT follow-up

She is really a laggard among her peers like SUNREIT & CMMT.
I enter at 1.38 a wait till today only she's breaking even. If you check back Sunreit & CMMT charts,
they pull back a few days and then fly off and never look back.

Let have a look on her chart, she takes 10 attempt to test 1.35 before she able to break out from this
resistance. Indeed after she has broken out , today a big fish was bombarding her with 5000 lots for around
8 times and she still able to stay firm and still close up 2 sen.

If history is to repeat, now she only tried 3 at 1.38, I may need to wait another 2 months before I can see
her at 1.43. Hopefully, those who want to sell will sell it at 1.38 and let her continue her uptrend climb.
TA point of view, MACD has climb above zero line which is good. %K(5d) has reset some oversold yesterday, lets see how she goes about in the next few days. Volume is diminishing, not a good sign, anyway,
I still think REIT is still a good proxy for fund managers to park their fund while anticipating the big correction during the GE period.

2012 Q4 Trade/Investment Summary

Here is the summary. Not much trading done during the last quarter. Fear of the coming GE that keeps delaying. Realised also see my viewers click getting lesser and lesser. Well, calling all my supporters, please help to recommend my blog to your friends. Viewers and advertisement clicks will be my motivation to blog on. Haha, everybody need some catalyst to keep up his motivation to do something, right ?

TM follow-up : 2nd Profit target achieved !

It takes a month for a heavy weight stocks like TM to achieved my 2nd Profit target (10%). Well, is worth the waiting. A 10% gain in 1 month is not that bad. Some punter would think this is peanuts as they would jump in penny stock (below 10sen) for a BIG GAIN. Then again, big gain, big risk. I believe a 10% profit would be good to take at this moment. Some people would be gaining RM5500 if one would have bought 10 lots (x1000 units).