As we mentioned before, we will have to monitor closely whether how will the market react to the changes in U.S. after the unemployment rate and non-farm payroll. As for tonight, we saw U.S. inflation rate where the core inflation y-o-y grow 1.9% while inflation rate m-o-m grow 0.2% which is higher than expected.
Source: http://www.tradingeconomics.com/calendar
We notice that US market had rebounded strongly last night where it has a bullish engulfing for both DJIA and S&P 500 as well as a big white candle for Nasdaq, however we still have to monitor whether the index will have another green bar tonight to show the validity of the bullish engulfing. However, it is worth noting that the index is still below MA10 which has yet to get back to bullish trend and Nasdaq is still below their 5000 points when we were writing this.
FBMKLCI has got a gap up graveyard which is still below the MA10, we have to monitor whether it will close the gap or not where it will not be good if today’s gap were seal. Looking at the index, we believe it is at cross road now where it is undecided with its direction. This is due to strong support were seen in past few days, however, the surge today was well capped too.
Though the market has not direction, but our stocks are doing pretty well where they have Kaboooom yesterday and today. As on 6th November, we were still having 4 stocks on our portfolio which is D&O, Tomypak, Opcom, and Solutn. (Please check back our announcement on channel by 6th Novmember)
3 out of 4 have Kaboom yesterday and today! As a result we will update u our position as per today.
Entrance Date: 3/11
D&O (ST)
Cost: 0.39/ Expect 0.43/ Anticipation: 10%/ highest: 0.43/ Closing: 0.415
Kaboooom! Harvest after hitting our TP!
Harvest: 75% of our position
Tomypak (MT)
Cost: 2.45/ Expect 2.80/ Anticipation: 15%/ Highest: 2.97/ Closing: 2.88
Kaboom! Harvest after hitting our TP where it give another 3.6% or 10c for consolations!
Harvest: 75% of our position.
Entrance Date: 6/11
Solutn (MT)
Cost: 0.40/ Expect 0.45/ Anticipation: 10%/ Highest: 0.45/ Closing: 0.44
Kabooom! Harvest after hitting our TP!
Harvest: 75%
That’s the position that we have harvest but there is a bad call where we have still yet to dispose.
Entrance Date: 5/11
Opcom (MT)
Cost: 0.845/ Expect 0.90/ Anticipation: 5%/ Closing: 0.86
Harvest: No
So far 7 out of our 8 picks had Kabooom!!! They are 3A, TekSeng, D&O, Tomypak, HupSeng, Solutn, and Luxchem. We would like to Congratulates those followers that who made from these Kabooom counters and we promise we will find more good counters and share it to our readers!
May all the HUAT be with us!
Regards
Big Canon Finance
FB: https://www.facebook.com/bigcanonfinance/?ref=hl
Source: https://telegram.me/bigcanon
Blog: www.bigcanon.blogspot.my
Disclaimer: The content on this site is provided as general information and for education purpose only which should not be taken as investment advice.
No comments:
Post a Comment