Get you where you are going
Oldtown (5201) has managed to break its major resistance of RM1.70 today with high volume indicating a bullish momentum. RSI spiked up to above 70% which is at overbought region. MACD and stochastic are both showing bullish trend. As it…
Read more
Standard & Poor’s (S&P), Moody’s, and Fitch Group are the “Big Three” Credit Agency that are no stranger to the investment world. AAA, Ba3, Ca, CCC… they looked like some high school rating but these are also the ratings designed to inform interested…
Read more
A structured warrant is a financial instrument issued by third-party financial institutions, usually banks. Structured warrants offer investors an alternative avenue to participate in the price performance of an underlying asset at a fraction of the underlying asset price. How…
Read more
Currency war or competitive devaluation refers to a condition in international affairs where countries compete against each other to achieve a relatively low exchange rate for their own currency. As what had happened recently, most currencies have depreciated against the US…
Read more
KLCI Finance sector which comprises of mainly banking stocks is currently in the bearish trend with double top “M” shape in the forming. To-date, it slid 1.7% from 15676 last Friday to 15403 recorded yesterday (29/1). If it continues to…
Read more
I posted my technical analysis on Success on 18-Dec-14 so lets revisit this stock to see how it is doing so far. Having last closed at RM1.87, the share price has gone up some 13% since I posted on 18-Dec-14…
Read more
When I look at the monthly chart of Crude Oil, it has very close similarity to what had happened from mid 2008 to early 2009 during the financial crisis. The decline in crude oil price in 2008-2009 was due to increasing…
Read more
The benchmark KLCI index gained 59.5 points (3.4%) this week to 1803 compared to 1743.5 last Friday. This was due mainly to global sentiment improvement due to ECB’s move to purchase €60 Billion in assets each month starting in March, which was…
Read more
Warren Buffett – the Oracle of Omaha, arguably one of the greatest investors of all time. His investment picks and quotes are very closely followed by the investment community. It’s coming to end of the week. Let’s relax and take…
Read more
I am putting the FBM Small Cap index chart side by side, with Weekly chart on the left and daily chart on the right. The weekly chart has shown 2 weeks of white bar (positive) with MACD showing 5 consecutive…
Read more