quite fishy... no doubt oil price has up but nothing conclusive agreement yet.. everybody is still battling the covid19,... yet the price is moving up quickly with big volume....
1. China today plan to buy all the oil for its emergency reserves 2. Saudi Arabia and Russia would ultimately agree on production levels because low prices are “obviously very bad for them 3. Trump could impose ‘very substantial’ tariffs on oil imports, but doesn’t think he’ll need to do so
Recent Waterfall plunge, first started from Institutional player's Dumping then followed by Ikan bilis's frenzy off-loading ( many kena margin Call ). Last 3 days massive buying seem to come from GLC while IB + Ikan Bilis are still sitting on the "road-side" licking their wounds. Looks like there are another 2-3 waves of Buying from IB + Ikan-kering once Oil price is confirmed
The gainers included Hibiscus Petroleum Bhd, Sapura Energy Bhd, Serba Dinamik, Icon, Dayang Enterprises Bhd, Bumi Armada Bhd, Velesto Energy Bhd, KNM Group Bhd and Alam Maritim Resources Bhd etc etc...
Basically all the 14 Battleships are up and running..
CNBC MARKETS Dow soars 1,600 points as growth rate of new coronavirus cases appears to slow PUBLISHED SUN, APR 5 2020 6:04 PM EDT UPDATED MOMENTS AGO Fred Imbert ,Silvia Amaro
Stocks jumped on Monday, rebounding from sharp losses in the previous week, as the number of new coronavirus cases in the U.S. appeared to slow down. The Dow Jones Industrial Average closed 1,627.46 points higher, or more than 7%, at 22,679.99. The S&P 500 gained 7% to close at 2,663.68 while the Nasdaq Composite surged 7.3% to 7,913.24. The major averages rallied to their session highs in the final minutes of the session, with the Dow briefly trading more than 1,700 points higher.
Boeing gained more than 19% to lead the Dow higher. Raytheon Technologies, American Express and Visa rose more than 11% each. The S&P 500 was led higher by the utilities, consumer discretionary and tech sectors, all of which closed more than 7% higher. Retail stocks such as Nordstrom, Kohl's and Macy's also rose sharply.
Investors were encouraged by data that shows a slowing in the number of daily U.S. coronavirus cases, although it is still early to determine a lasting trend. There were about 30,000 new cases on Thursday, 32,100 cases on Friday, 33,260 cases on Saturday, and then a slowing to just 28,200 new cases Sunday, according to the latest data from Johns Hopkins.
The Trump administration also noted on Sunday there are signs of stabilization in hospital rates, helping to lift Wall Street sentiment on Monday. Meanwhile, New York State reported 594 new coronavirus deaths on Sunday, fewer than 630 on Saturday, marking the first daily decline in coronavirus-related deaths. "Incoming data suggests NY state might peak sooner than Cuomo's optimistic case," Tom Lee, head of research at Fundstrat, said in a note to clients. "With better visibility on the healthcare crisis in the US, particularly, on a potential to model a national peak, we believe buyers are now taking control." Slowing death rates in Europe also offered up some hope that the U.S would be nearing its peak soon as well and that social distancing measures are working.
Don't know can break 0.200 today or not!! Waiting!! Hope big institution no more blocking with high volumes today since so much good news for oil coming!! Gogogo!!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Lucky88
358 posts
Posted by Lucky88 > 2020-04-06 09:25 | Report Abuse
wait for low price.......Ha..Ha..Ha..