Can CIMB holds RM4? If another MCO comes soon then the loan quality of CIMB may go down further... Not a very good thing for an already underperforming bank

RSS volume for today is only 258 lots, rebound may continue since it touched MA200 today

Amazing play thanks to this V-shape rebound

Bursa touched MA200 and rebounded, can it stay above MA200? We will see, every support is a good buy point

4557 lots of RSS volume today, see you all at 7.80

RSS volume for today is 1296 lots

As of the end of December 2020, there are 82,867,200 units of C33 remain in the hands of retailers. Assuming the average cost is 0.15 per unit, they were purchased with RM 12,430,080. Meaning, retailers lost over RM 10 million on C33 in total when it expired.

Update: RSS volume for the day is 5655 lots, tough days ahead

Well, someone used RSS to short bursa today, so far volume for RSS is 986 lots, so take care guys

I would maintain high cash ratio and prepare for opportunities to short SPX

If cannot hold 8.20, technical chart points bursa to 7.95 and 7.80...

Why buy rate is high? Because short sellers are only allowed to place their sell orders at the sell queue, they cannot directly throw to the buy queue. IBs won’t lose to retailers, always remember that.

IBs earning big again, look for chance to buy around 3.50

Tenaga broke-down of its symmetrical triangle pattern, assuming this is not a fake breakdown, then the target would be around RM10

Well, Zhuge once again perfectly timed the short-term bottom. Thanks Zhuge and we wish you Merry Christmas & Happy New Year too.

Our dear Zhuge appears again :)

Let's look at the past performance of Bursa 10 trading days before and after the appearance of Zhuge:
https://ibb.co/WHJh8Jp

We might have a short-term bottom today....

Good luck to C33 holders... Looks like the market maker is selling full force at 0.005

Bursa touched the lower trend line of the ascending channel, technical wise it is a good level to buy now

Btw, C29 expired today, let us see what the payout is.

If we hold 1,000 lots of C29, the average closing price for last 5 days: (8.79 + 8.82 + 8.88 + 8.94 + 8.91) / 5 = 8.868. Then, the settlement is 100,000 x (8.868 - 8.88) x 1/6 = -200.

As a result, investors who still hold C29 suffered total loss

We may see huge volume at 4:50pm later across the market because today is the quadruple witching day of December

If C33 have average VWAP of 9, settlement will be:
100,000 x (9 - 8.5) x 1/8 = 6,250

Nope, the last trading day for C33 is 29/12/2020, it will be suspended on 30/12/2020. You can refer to C33's announcement

Please come down a little bit for me to collect my dear bursa

Strange, EPF hasn’t sell any shares even when bursa shoot up a week ago, this means that EPF knows something that we may or may not know

30,000 lots queue to buy @ 8.80, looks like someone is defending bursa

Mahathir and Ku Li is going to host a join press conference later in the afternoon, new political turmoil?

Very bullish move, the primary task is to stay above 9.00, 9.20 is the next target :D

Thank you Aeon!!! :D

Thank you Tenaga :)

As always, buy around support and sell around resistance cannot guarantee you to buy at lowest and sell at highest, but it can give you some good buy and sell points. Amazing week so far :)

If bursa can brake MA100 @ RM8.95 and psychological resistance @ RM9, then the current up trend will be solidified

Looks like Bursa is going to challenge RM9 today :)

Just amazing...

@ernest90 yeah, but the indicator on tradingview is not the same one with homily chart, to take it with a grain of salt

Bursa is in an ascending channel, broke through and back-tested downtrend resistance and moving upwards now.

Technical chart as of 12:30PM: https://imgur.com/MKi8Qhv

Seems like the US market is long overdue for a correction and too many indicators are flashing red light... Maybe it is time to consider shorting the SPX

Wow classic hengyuan again... too bad didnt buy at 5.6

A very standard parabolic move...

@ernest60 C33 now up 125%, congraz to those who are able to pick it up cheaply

9000 lots queued to buy at 8.70.... Get ready for a huge gap up tomorrow

Haha, really? What is their TP?

The catalyst is getting clearer and clearer as the trading volume continues to grow. By looking at the trading volume’s momentum now, Bursa’s forward P/E ratio is around 18~19, while it’s historical P/E ratio is within the range of 25~30. Downside risk is very limited with huge upside potentials.

I think there will be some show very soon

Thank you myeg for some quick money!

Looks like someone is putting huge buy queue around 8.30 and keep distributing above 8.30? They could be collecting, but seems weird...

Based on CIMB’s latest filling, 100,058,500 units (1,000,585 lots) or 55.59% of C33 were outstanding (hold by retailers) at the end of November. As it approaches maturity, many would unload it even at a significant loss.

C34 and C37 are basically a gone case by now.

Trade wisely guys.

The power of MSCI rebalancing day

By the way, you can know which broker your counter party uses when trading at the "last counter party". For example, code of 65 is CIMB IB, as far as I know, they uses only their own broker for warrant market making activities.

Once again technical indicators are accurate to predict the short-term top when bursa tested uptrend resistance line (previous support line) and MA100 and fail to breakout. Things gotten worse when bursa closed below MA5 few days ago. One thing to note is that MACD has bearish crossover today.

Now bursa is testing the downtrend support line (previous resistance line) around 8.28 - 8.29, a close below it would indicate continuation of downtrend, immediate supports will be 8, 7.80 and 7.17 - 7.12.

@ernest60 Yeah, we will only know if they bought back any next month. I have been trading C44 since the first day it was listed, so far so good