Thursday, January 31, 2019

Wilmar - Swinging Long

Did a LIVE Market watching earlier and suddenly Wilmar just ran up a little more and touched 3.35 as the stock looks ready to take off. In fact, I posted my record on the blog when the price was 3.31.

I also traded some Dow Jones along the way when everyone left and looking forward for higher price may later? The market was strange as most banks suffered selling while the property counters and commodities counters moved higher. Pretty tough and strange market today but nevertheless Wilmar moved at least. Thanks all for coming

Ronald K - Market Psychologist - A Stock Market Opportunist

Ezion - Sold, $3000 Profits

Just unloaded and lock in profits for Ezion at 0.055. The stock indeed rose and picked up in volume. The BBs went in to whacked up big bulks where millions and millions of shares were eaten up with some 1 lot markers at 0.054. I was waiting for the marker to be marked and the BBs to come in and indeed, they flocked in with heavy biting actions. It was surreal to see the action LIVE but it was more of an experienced to profit with them. I was also pleased one of my student joined me in selling at 0.055 and profited some handsome $2500 with 500 lots. Congrats!

Ronald K - Market Psychologist - A Stock Market Opportunist

Wilmar - Longed 30 Lots

Longed 30 lots of Wilmar the other day. This counter looks not bad but pretty flushy in a tight range. It looked like it wants to run but always got testing where the stock was sold down on low volume and then slowly it recovered. It's very hard to short term trade this counter and hence swing trade should be the way. Did a private event yesterday and share my analysis on this counter and most agree the stock looks ok. I am not too sure how far it can go but with the new IPO in china, the stock looks bullish in my opinion at the moment. Let's see.

Ronald K - Market Psychologist - A Stock Market Opportunist

Ezion - Longed 1000 Lots

Traded 1000 lots of Ezion 2 days back when the price was 0.051/0.052. This time round, I dare not go too big because the stock looks shaky but because Rex Intl released some good news and brought many other oil related pennies up, hence, I thought Ezion was a good choice since the chart was not too bad. It's now 0.053/0.054 and I will look to unload soon since the stock is a bit slow and thick. Study the 5 minute chart, can you see a normal setup for bullishness 2-3 days back? Selling soon.

Update: 31/1/2019, 10:20am

Ezion turned up one more pip to 0.055/0.056. The stock looks like it's on the rise.

Ronald K - Market Psychologist - A Stock Market Opportunist

Wednesday, January 30, 2019

Silverlake - Walls Broken

I was in Malaysia giving a talk yesterday but I was focusing on this counter Silverlake before the stock broke out. Even though the stock looked bullish but I did not trade as I chose not to do anything when I am giving a speech or in a meeting. At the time I was watching, it was trading at 0.41 and suddenly millions of shares was eaten up followed by a 37 million plus married deal which gave the stock a push. I studied the chart and it was obvious that the first wall was pretty easy to spot and subsequently followed by small little walls which was broken. 2 days and the stock recorded 13% gain which is impressive for Silverlake considered it's a slow moving stock. I am some who bought yesterday and congrats on using the wall strategy to profit from it.

Update: 30/2/2019, 5:00pm

Silverlake touched 0.48 high with more buyers. Aamzing run for 2 days. Recorded almost 16%. I wish I never go Malaysia and traded this winning stock.

Ronald K - Market Psychologist - A Stock Market Opportunist

AEM - Maybank Upgraded to Target $1.21

Maybank upgraded AEM to a buy with a target price of $1.21 and hence the stock gap up this morning and started to run further to now 0.97!

I saw the chart and although it's beautiful with lesser selling, still this counter sometimes run and sometimes it simmer off. After some selling for 1-2 weeks, the stock got upgraded and just coincide that it hit a demand zone and bounce off. Good 6.6% in one day for AEM. The rest of the tech stocks also ran a bit but did not outperform like AEM.

Update: 30/1/2019, 5:03pm

AEM just ran further and reached 0.985. I never expect one simple upgraded can give the stock a boost. It's like leveraging on a good report and sky rocket. 

Ronald K - Market Psychologist - A Stock Market Opportunist

SembMarine - Made $2000 Profits Scalping

Traded 100 lots of SembMarine yesterday as the stock touched a temporary demand zone and started to show some form of mini buying. I am not very sure if the rebound can sustain for long and hence I was just buying for a scalp trade and that's about it. The Top Volume today looks buoyant with many stocks running like Thomson Medical and AEM while some other oil counters are trying to play catch up game. Study the minute chart for SembMarine, you will see it touched a short term demand area and then tried to bounce off from there. The bounce as of now is not very strong but still made some very small profits which is better than 0. Looking to trade the next stock.

Ronald K - Market Psychologist - A Stock Market Opportunist

Malaysia Stock Market Outlook - Trading, Investments and Pointers

Conducted a preview and shared many trading tips and strategies on how to effectively predict and forecast the Malaysian stock market. Many of them attended but I was so dead tired with a serious flu that my mind asked me to take a break but I had already made my promise to give a talk and hence I had to deliver my speech. I was pleased to see so many fellow traders attending and allowing me to give a chance to share and exchange some pointers with each other. It was a long day and while as much as I don't feel like doing it, I will still force myself to finish the job before I move. Thanks all for attending and see you all soon again!

Ronald K - Market Psychologist - A Stock Market Opportunist