TradeVSA Digest Week 13 May 31, 2019
TradeVSA Digest has indeed come from a modest start from our 1st issue back in Nov 5, 2018 and we are in #13 issues. Many thanks to our contributing staff and designer for making our TradeVSA Digest truly unique in the VSA community. Also not forgetting well wishes “Selamat Hari Raya” to all our Muslims friends and colleagues who will be celebrating this season. The “Hari Raya KLSE” rally is indeed here with selected counters that has runned up recently. Our Winning trade with Vortex Consolidated Berhad with our members was the highlight.
We continue to support our members/public with your feedback and release many live FB show to complement our product and services like Live FB trading HKSE, SGX, KLSE, Opening & Closing Bell, Live Futures Trading and our live video are available everyday like a TV program in our Facebook page. Do check us out @ fb.com/MartinTFWong
No deal on sights yet with US-China Trade War and its China turn turning using its “weapon” against his rival. Huawei remained the “sticky point”. While our KLSE foreign fund continue outflow. Check out from our site.
Enjoy this festive seasons!
KLSE Market Update
KLCI last close was RM 1623.67 (+0.5%).It’s also 3-Month low.This market condition is considered to be very bearish. This bearish condition is despite, KLCI has strengths in the background in the last 30 bars. KLCI Pentagon Guider is blue trendzone, Bullish. And this is a good news. Look for a beginning of a new trend.
SGX Market Update
Straits Times Index
from last bar was -0.06 %, ( -2.04, RM 3165.32). Its also 3-Month low. This market condition is considered to be very bearish for counter STI.
DJIA Market Update
On 2019-05-29, US DJIA is trading at 25,126.4 and change % from last bar was -0.87 %, ( -221.4, 25,347.8). It is 1-Month low.and also 3-Month low. This market condition is considered to be very bearish for stock counter US DJIA. This bearish condition is despite, US DJIA has strengths in the background in the last 30 bars. There are 7 SOS.
This market is LIKELY moving from Stage 3: Distribution to Stage 4: Mark-Down. Look for possible SOW like Sell Off (SO) – time to exit or short ! This market is getting more bearish in the longer term. THINK TO SELL or turn SHORT!
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