KLSE TRADE RIGHT

KLSE TRADE RIGHT

ChrisChoo
Publish date: Wed, 14 Nov 2012, 01:35 PM
ChrisChoo
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My name is Chris Choo. Practising remisier for 18 years. Currently working as remisier attached at Jupiter Securities Sdn Bhd. Specializes and uses the "Price Action Technique" in selecting winning stocks for intraday and short term trading with great success.
Following Message

 

 

Hello there 

Happy Deepavali to those celebrating the festival !

I just back from a long holidays ...tiring but truly enjoyable.

The market is still trading "sideways " ie trending down ,the main reason being the many holidays during this period...You will notice that most active counters would have lost one to half their normal daily trading volume, This phenomena gives rise to more contra players selling than fresh contra buying. The nett effect would be a easing of share prices on most counters ...only counter with specific "agenda ' will break this trend.

One should watch at the sidelines and wait for fresh impetus and renewed buying which may come about as the holidays period comes to an end..and a normal week resumes ie next week..

This is my opinion of the market. 

Thank you

 

Chris Choo

http://traderight88.blogspot.com

Discussions
1 person likes this. Showing 3 of 3 comments

rouguetrader

Good advice.

I'm currently holding a damaged China based Bursa-listed stock. The fundamental is strong, however, it is general perception that accounting fraud is a norm for oversea-listed China based companies. Therefore, fundamental strong or not remains a question.

Anyway, i shall wait for the next bull market and not cutting loss as of now.

Thank you.

2012-11-14 15:55

Kent Lee

wise word from a wise man... TQ Mr. Chris. i do follow yr blog. Despite not giving out any particular stock tips but your writing do serve a purposes in my trading. Tq again.

2012-11-15 02:20

gkheng

damaged China based？ not XDL？ must be CSL?

2012-11-16 00:28

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