Looks like it..we have to think where is the IB going to park their money? I think coal price drop is gradual with the mild winter in Europe as they have over hedge causing it to rise unrealistical last qtrly. Dirty energy needs to go and coal is the first to go... They are even bringing back nuclear ...anyway Green energy stuff will continue to confuse me.

I just look at the flag pattern cheat sheet :) , it could a non-directional or a rising wedge (potential drop pattern if cannot break the resistance . However if you look at economics and where is the money going to flow. Things like china reopening , inflation rate is under control(interest rate hike to be dovish), oil price benefiting M'sia economy. I still think is on an uptrend and major analyst are advising to look at recession proof stocks. I am choosing utility, OnG and Telco (for the fact that 5G is only happening this year if gomen don't screw it up again !). Good luck to all , nothing is certain , all boils down to your risk appetite.

TTV, no hungover but not enough sleep :) . Yes the charts looks like a long end of the flag pole. By right if it is an uptrend should break the resistance soon , however volume is really too insignificant. The lower low is getting lower meaning less retailer willing to sell . However if you look at MACD /RSI does not look too promising. Cannot really get a confirmation. Better to wait and see and go fundamentals especially the Q4 results. What say you?

5G wave will come soon. It has been a long wait but ini kalilah...no choice for gomen ,has to roll it out this year. Should see some interest back in Telco

DOSM IPI reported in Jan 11"The Industrial Production Index (IPI) rose by 4.8 per cent in November 2022 after recording an increase of 4.6 per cent last month. The growth was further augmented by Mining and Manufacturing indices which expanded by 6.1 per cent and 4.8 per cent respectively. In the meantime, the Electricity index turned around to record a positive growth of 1.2 per cent during the month."
TNB revenue should be flat , ~19.1-19.2 Bil range . Operation expense will not be any surprise, all depends on the Q4 taxation. Also the receivables numbers depends on how much TNB has receive so far form the gomen commitment, should be positive based on the media reports. Happy Chinese Newy Year

https://www.dosm.gov.my/v1/index.php?r=column/cthemeByCat&cat=91&bul_id=VzBRT2VwaURtN0VMeURLcWphL2Fsdz09&menu_id=SjgwNXdiM0JlT3Q2TDBlWXdKdUVldz09

head and shoulders pattern forming, might see a reversal . Short term reversal, then side ways . US is planning on buying back oil to replenish their strategic reserves. They will manipulate the market for it to drop to near 70s (WTI) before buying back. Expect some downward pressure before any potential to go up further.

We use to have the CNY rally when retailers were a major force in KLSE. Might not happen this year and potential break can only happen during the Q4 earnings report end of Feb. Slow and steady is better compare to the sell down we see during the KWSP withdrawal 1.0/2,0 ....I think too it should break 1500 this week.

US inflation data on Thursday. Many predicted inflation rate will continue to improve and FEDs to slow down the rate hike by only another 0.25. If that happens dollar index will continue to drop and oil price will technically increase. Lets see how it turns out. Armada seems to go up and down based on oil price and not on what contract they secure...this is how it works short term.

3rd time testing the 1 year high of 9.5. Not significant volume but a very good sign IB is slowly accumulating. If buying competition comes expect some quick spike but currently looks like KWAP and EPF is doing the major buying and in control. Very good start of the year.

Good sign, EPF is not here to lose money. I think will test the recent meaningful high of 9.50 for the third time before it can go up any further. Retailers don't have the funds to do it. Only EPF/KWAP or other Inst Buyers. Accumulation phase and bit of shake out before it can go further.

Deekay, it has a long wait. Last minute surge for the last 3 days. See if it can break 9.50 for the year end rally. Looking good. Happy New year to all traders

I remember showing vaccination rate efficacy and projected vaccination rate in mid 2021 and advising an exit strategy. I was reprimanded by many as nonsense as many were still holding on the hope it(pandemic) will go on forever. Strange behavior, never think with emotions.

Lets see how KLSE will do today and tomorrow . QWH on 16 dec. Expect major volume on key KLSE stocks. China reopening since last week has seen momentum in domestic travels . Expect oil demand to increase. US will buy back nearly 200 million barrels from the current strategic reserves of <400million barrel. Normal reserves is >600million. No more spare tank and is a national security risk. Feds increase 0.5 % but hint it might increase final/terminal rate beyond 4.75% in 2023 and slightly spoke US markets. With all this, OnG should be on a bullish momentum.

Boring until Thursday and Friday. The flag pole and flag pattern still intact and generally TNB/KLSE is on a mild uptrend, i think will test the recent high 9.50. Yep nothing is certain.

Be patient my friend, Oil will not stay long at this price, remember US oil reserves will buy back nearly 200 million barrels from the current strategic reserves of <400million barrel. Normal reserves is >600million. That's their plan to buy back around 70usd/barrel WTI. It has reach its bottom, bare in mind China is buying at a huge discount >60 USD/B brent and Energy is the key margin for manufacturing of goods. With cheaper energy you control the global manufacturing economics. It will not stay at this low level for long. FSPO will still be profitable for many years to come.

I suspect the volume will be low until the next event trigger of the US rate hike in Dec14 (wed nite). If the feds raise 0.5% vs0.75% then is a good sign the tightening is easing and foreign institution might return to equity. Not sure how local institution will play this but the most analysis are projecting an easing of the rate hike .

https://www.bursamalaysia.com/market_information/market_statistic/securities . Go to bursa market information. Net short position to look at quick overall trend and total short selling the details. Yesterday, a bit of shake out at the last minute but maintain above 9.05 resistance. Let's see if today can hold consistently before the big boys start to accumulate. No certainty in life though.

Total short selling rise up to 0.19%. Stable last 2 trading sessions. Yesterday was negligible short 1.5k shares. Shorts continue even at heavy buying support last week. Lets see if it can break out. If today can maintain above 9.05 will be a good sign.

Oil price lowest this year. Below 80 for brent and 75 for WTI. US will starts release 15 million in Dec from their strategic reserves. The plan is to refill the reserves around USD 70 price for WTI. This was the midterm reelection plan for democrats to ease the inflation. Since winning midterm, still control the senate , democrats expected worst results. Moving forward they have to ensure the reserve has to be replenish at a consistent rate in 2023. WTI should go above USD 70. Mixed reaction from oil analyst. I still think it will be bullish in 2023 once China really reopens. Expect some profit taking on BAB , short term.

KLSE index flag pole forming and flag pattern near the end. Might see a breakout next few days. TNB, usually will follow suit. Furball , risk assessment will be based on our competent levels in analysis both technical and fundamentals. Need to learn both at least to basic level and look at near certain confirmation before you buy/sell, then should be fine. Ya the learning will also keep our mind sharp. Good luck, not a recommendation to buy/sell.

Profit taking by retailers, low volume drop not a real concern . Hopefully PN don't create another move to take over. BTW TTV, you are right my bad typo ,USD drops. Sorry i didn't proof read it.

Ttv. Yes the rise of usd is just good timing and i am tracking dollar index not usd/myr pair alone. anwar n team cannot influence this and also the oil price. Ok to be bullish and not foolish but shorterm momentum is certainly there. If us feds announce 50 basis hike this dec, be prepare for another potential positive movement. Lets monitor this. Hardest decision is when to sell.

With the current volume and spikes, we need to look at the last end of bull cycle April 2018 trading above 16+. Will the bull return after ~5 years. This always coincide with strong oil price above 80+ Ideally average at 100 for a longer period of time. And USD index has to weakend to average 100~. Cureenntly moving down from 114 to 104. Have to monitor the Oil price as well... The rest of the indicators are just short term movement. Good luck, still good potential the bull will return. Not sure about the conflicting global economy meltdown concern. Can malaysia benefit as a safe haven for economic growth within SEA/Asean country?

Can sell end of rebalancing, if wish to get some cash for the holiday :) Glad to know TNB has got better weightage this round maybe due all the ESG activities and commitment announcement lately. The rest of the operational indicators remains intake except for the high ESG commitment. ESG places so much weight for companies lately due to the green agenda. Not sure how will the local institution rebalancing work now that have seen MSCI decision.

I still think we will have klse bull run if.. Oil price trade average 90 /b... China clamps down on protest and open up naturally. 3) US inflation has a soft landing. 4) no futher escalation in ukraine war.;

Hopefully no more CM Tax next year. Foreign exchange losses and CM Tax seems to be across the board for KLSE major companies.

Daily last minute volume spike and yet no one is focusing on the Qtrly report due maybe on monday/tues. Should be a stellar report with >~2bil revenue and at least >1.2 Bil PAT. Having a progressive unity gomen will be a bonus. Good luck !

Let's hope for a stable govt come Monday.

Coal price is dropping from high of 350/ton to low of 200 currently. USD has reached its peak. Q3 revenue above 2 bil + with PAT above 1 bil -1.4? If taxman is being kind. China to reopen soon. Receivables are reducing and Esg news continue to be positive. All all stars align we should see better days ahead .

Dollar index seems to have reach its peak at 114 and now hovering along 110 many weeks now. It it drops further expect oil price to go above 100. Oil barons are still bullish as supply continues to be (kept) tight.

Start to stablelize yesterday and today. I don't think will go below 8.25 with many positive economic news in malaysia. The dollar index seems to have reach its peak as well and the short calls will get risky unless we predict a very bad election outcome. Rafizi seems positive enough with his team of highly educated data scientist. Any way not my cup of tea.

https://www.bing.com/ck/a?!&&p=fb47cc9cdb1b6ff6JmltdHM9MTY2Nzc3OTIwMCZpZ3VpZD0xZGExYzA2YS0yY2Y5LTYzYTctMjA1Ny1kMjM4MmQ1NTYyZmImaW5zaWQ9NTMyNg&ptn=3&hsh=3&fclid=1da1c06a-2cf9-63a7-2057-d2382d5562fb&psq=Malaysia+GDP+Q3+2022&u=a1aHR0cHM6Ly9idXNpbmVzc21pcnJvci5jb20ucGgvMjAyMi8xMS8wOC9tb29keXMtYW5hbHl0aWNzLXNsb3dlci1waGwtZ2RwLWdyb3d0aC1pbi1xMy8&ntb=1 Moody at 12.8% - should be a ~ reliable number

https://www.malaymail.com/news/money/2022/10/20/ambank-sees-malaysias-exports-growing-24-25pc-in-2022-q3-gdp-growth-at-12-14pc/34660 - GDP Q3 expected to be 12-14 % compares to 8.9% in Q2. Expect TNB Qtrly to stellar with no special taxation and reduced receivables. See how low can the shorts call go.

Shorts are at it again...0.11% back to 0.15 Net short position last few weeks. They say supposed to be good for an efficient market :) wean out the weak holders and prevent speculation :)

Have to wait for the breakout at 8.60 , pre dividend and where the most candles cross. Hopefully not too long getting boring....

At least budget is good for glc. Gov expenditure 97 bil! Nearly 2x more. Nice predictions Ttv!

Deekay. Thanks for reading. Some must be wondering why i am checking of USD index and Oil price. Must remember petrodollar is an indirect trading system replacing the bretton woods gold standards. Higher oil price will cause USD to fall and this inverse correlation is even greater for oil exporting country. We don't have to worry about the local market makers to make short or long calls to confuse retailers. The current low volume is due to the fact big money is not coming in yet. However if USD is predicted to go up, you can be sure the tide will turn.

USD index has been slowly dropping since the peak on 9/27 114.1 now at low of 111. Expect oil to start moving up and USD to stabilize move downwards soon. KLSE should see more interest in October. I think we have seen the bottom. All the best. The recent sell off was due to the strengthening of the USD. Shorts are at the min for TNB. Expect oil price to move up and MYR strengthening. The big funds will come in and I don't think short call will be profitable in Oct onwards. Anyway we can only predict based on big trends. GE is another news. Good like guys. Everyone get rich :)

USD index has been slowly dropping since the peak on 9/27 114.1 now at low of 111. Expect oil to start moving up and USD to stabilize move downwards soon. KLSE should see more interest in October. I think we have seen the bottom. All the best

Oil price expected to spike in october, with US stopping the release of 1mil barrel in their reserves and OPEC planning to cut ouput by similar amount. More interest should pour in OnG. Good luck, top up below 4.00 will be the best.

Yes correct, i got it wrong , if you buy you will not get the dividend. Sorry mis leading

Ya...Good sign short percentage has gone down gradually to 0.1 %. Btw If you sell on ex date. You will not get the dividend .

:) never give up never surrender your wealth to Government ! Hedge against inflation is a must but which instrument is the best ? Tenaga will be able to withstand the storm better than other non necessary business. I still think oil price will not go down that much due to the supply issue will off set the demand reduction, average USD 100 . I will diversified more towards this two scenario. With interest rate height until end of next year, foresee more non performing loans and reduction of loan demand. The technology manufacturing industry is preparing of huge slowdown, budgets are being cut due to huge slowdown of demand forecasted. This is what i think will happen, Banks and Technology will not do well, better stay clear. But generally September is bad on stocks (portfolio reporting and rebalancing) and should see institution investor start plan out their portfolio based on the expectation of global recession and the scenario mention above. Good luck, choppy days ahead .

http://www.worldgovernmentbonds.com/ I Hv checking on the world bond price and the inverted yield of many countries that signals recession. The numbers are coming in aggressively for the last quarter signalling clearly global recession is happening. Asia is still OK maybe by a few quarters . Should we sell all and hold cash or mutual funds bond funds? Until the storm passes n

US stocks testing the bottom for 2nd time. Will it hold and Hv bear market rally or nose dive further. I think it will hold and Hv a rally and test the bottom again before cycle is over. Mid next year. Better go defensive and stay clear on technology stocks. Hang on .

That is the problem. Cash is king during recession pauper during high inflation. Both recession risk and inflation during this stagflation phenomena is really confusing on investment. Balance portfolio might be the best bet now. See no road.

Where to put our money? US is reeling in the US dollars that is for sure. Bank Negara better know what they are doing and not based on popular sentiments.

US stocks might test the bottom again for the 2nd time. Expect the feds to raise interest rate until end of next year . Inflation will take longer to be tame until next year. ECB (european bank) rates will rise from 0.5% to 1.8% end 2023. Good news is Asia will do slightly better but we cannot decouple from the situation of high interest rate. BNM will continue to raise 0.25 % min every 3 months until end of next year. I think utilities and OnG will still be the choice for lowering risk investment in coming year and start preparing for this inevitable economic cycle.

US stocks might test the bottom again for the 2nd time. Expect the feds to raise interest rate until end of next year . Inflation will take longer to be tame until next year. ECB (european bank) rates will rise from 0.5% to 1.8% end 2023. Good news is Asia will do slightly better but we cannot decouple from the situation of high interest rate. BNM will continue to raise 0.25 % min every 3 months until end of next year. I think utilities and OnG will still be the choice for lowering risk investment in coming year and start preparing for this inevitable economic cycle.