Stock Movement

Everyone is busy selling. Sell for the profit after 4 days composite index up. The best strategy is get the profit and wait for the prices go lower. May be, next week the market will slow down. But, probably not, because the DJ is recovering.

Now, we start to look at Oil and Gas sector. Example, Kencana performs better. But, there was some profit taking yesterday on these stocks.

Is is not too late to buy this stock today. It shows a rebound signal and probably it can go to RM2.80 or RM3.00. A good and safe stock to buy and suitable for medium or long term.

Some stocks can be bought, but not now. Later. I choose one. SAPCRES. I am waiting for the price go to 0.58 or 0.60. At least I can sell at 0.68 to get about 0.10 cent profit. Its 4Q financial results is okay.

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.