Stock Movement

Correction will never end within this week. But, do not forget because there some selected stock we can consider. There are from construction sector. This is maybe because of Mini-Budget on this April 10.

Most stocks are in correction mode. Now, we have to select the best stock at a lowest support level and hoping for a bearish rally or "Dead Cat Bounce". In other words, we can still make money in the bad market sentiment. So, what is the support level for MRCB ? Support level 1 = RM0.85 , support level 2 = RM0.84 and support level 3 = RM0.80.

Market. It is very very quite. Nobody come to buy or sell. MRCB, will it break 0.88 and go down. If yes, then we should identify where is the strong support and then take a position. Hopefully, I can buy coffee to my friends.

Its second half financial result will out on 20 Feb 2009. From there, we will see weaker earning in plantation and property business and also about the forex loss. The market price going to be cheaper. Its strong support level is at RM3.20.

WCT, what is the best decision on this stock if we have position for the past few weeks? Before that, we have to check on the current market sentiment. Is it bad or good? Is it right if I say, sell for the profit or cut the loss? And then, buy again if the price of the stock go down to RM1.02.

Last Friday, the market was closed with better price. That was a time for us to sell on strength. Do not put a big hope the stock price will go up further. As we all saw, most top gainers are from plantation and some were from construction and property. However, we still need to see the mini budget soon. Will it have a positive impact to the market? What you think? My opinion is, yes, it will have a positive impact but it will not sustain. I will take this chance to sell on strength and to cut the loss.

Electricity tariff was cut by 5%. However, is it good for industrial sector? What is the stocks that will move. KNM, probably is one of them.

Observe this stock. Will it go up and sustain or just a temporary technical rebound.

The pattern is remain the same. Less market volume, early session has a technical rebound but in the second session has some profit taking. The stock prices will not go up consistantly. Most are still cautious to trade. IOICORP is a stock that probably can give a chance to make a quick money after a sharp drop yesterday.

The composite index is heading south this month. But, today it is a temporary technical rebound and it gives us a chance to sell. Keep this strategy " Sell on Strength". Hopefully, we can minimize our losses. We still have time to buy a good stock at a lowest price. What do you think about UEMLAND.

Sell on strength. Most of us is selling for some profit. But, later do not miss to buy at lowest, especially construction stock such as MRCB. What price can we wait? 0.70? 0.705? 0.71? or 0.72?

This week, we will see more selling in Bursa Malaysia. Regional indices already gave a selling signal. This is because of the bad financial results (4Q2008) for companies. For those who had position last week, better get ready to get profit or to cut loss.