Morning to good news ... Liverpool squeezed through the CL.
As for DOW, it is flat ... KLCI broken the critical support and many more stocks tumbling lower. Crazy sales is going-on ... 12-12-18
Well ...indices can be very mis-leading ... KLCI at 1650 level but many stocks at NEW LOW or at least most at 52-week low. Crazy!!
Jaks : broken another recent support yesterday ... from RM1.20 level in May 2018 ... now is trading at 45cents in Dec 2018.
Note : I read about Mr Koon's selldown Jaks due to margin call. Don't know if he has exited fully or just partially. I would avoid as the selldown could continue. Technical charts could tell us in advance the downtrending in making, we have to make decisions if we are to average it down.
FGV : from RM2 level in Jan to 70cents level in Dec. Severe ... as funds exiting. Many get stuck inside her. This is one huge mis-managed company.
DSonic : The peak shown here was around RM1.50 ... now below 40cents.
Looking at these few hundreds waterfalls, we could understand if retailers (or even TH-fund) losing money big-time for past 1-2 years.
From construction (Jaks) , plantation (FGV) to tech (DSonic) ... most sectors are down.
Certainly we have not CRASHED, right?
As the indices are mis-leading ... if you check most sectors and hundred of stocks, we have crashed. With many stuck up there ...
LayHong : broken 90cents level in June ... now, in Dec, we are at 35cents level.
So ... even the chicken-egg sector crashed ... while recent news of egg-prices up, few stocks up for a day or two. No reasons for rallying, anyway.
Note : to be continued
https://cpteh.blogspot.com/ click here
From all the sectors that crashed or crashing, WHICH one should we be choosing, going forward 2019?
And what would be your pick in that sector(s)? Why?
TEH
SuperBest
shopping spree for fire sale.
2018-12-12 09:50