Many people says that November usually is a rally month.I am wondering if this year is true or not.
Dow jones drops 275 points. KLSE is gonna be deep red. I think it's usual as people is taking profit from the market after weeks of bull rally.
I have entered JCY Today at 0.61. Closed at 0.605. Due to Thailand flood, people goreng JCY because of hard disk shortage. I received some comments telling that if ENG ups, JCY will go down. I am wondering if this statement is true or not.
Comparing ENG and JCY
ENG: Closed at 1.57. Still oversold, likely will rebound to 1.70ish. The indicator is still undetermined. Tomorrow gonna be red, let's see how this stock will perform later.
JCY: RSI 73%, Both RSI and Stochastic show overbought. Well, likely it will drop tomorrow due to DJI, unless people goreng it.
Both stocks volume went up tremendously. ENG might see some light here.
Well, some stocks you might want to watch for tomorrow..
BORNOIL: Doji formed. Reversal might take place for a while. I am predicting it will hover around 0.4 to 0.43 for few days.
REDTONE: Downtrend very likely begins tomorrow. 0.26 support. If brakes, sayonara,
ZELAN: Might be a good buy here. 0.395 breached. Might be another round of goreng later. TP 0.41, 0.425
KULIM: Uptrend. 3.60 breached. Next TP might be 3.67, 3.80
WIJAYA: Stay out.
MALTON: Hopefully it stays around 0.60 later. Formed a super resistance at 0.64. If breaks, it will go all the way up. Likely it will stagnant. Need alot of volume to push up this stock.
TO be honest, i like SMARTAG. Hovering at 0.26 can buy, sell at 0.28.. Peanut profit but what the hell, a profit is still a profit.
Enough for today. Prepare to fasten your seat belt later.
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