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Monday, December 12, 2011

Market seems bad

Dow Jones is currently down,  close to 2%. Probably everyone is expecting it, silly me, I had made a mistake today.

Gap Up. My 2 stocks gapped up @ 9.00 am today. MALTON opens 2.5 cents upper, RSAWIT opens 2 cents upper. What was on my mind during that time?

Eventhough they gapped up, I am still at losses. Again, I broke the rules and I lost this opportunity to clear both my stocks before they went down as I am 'praying' them to go up. I was totally wrong. Indeed, they went back down by half cent respectively at the end of closing.

What I have done? I should sell them at losses as they were very likely to go south so I could bought back later. If I had done that, I would minimize my losses. Furthermore, when I did that, the broker rate would be counted as intraday trading, which is 0.15 instead of 0.42.

Learn from mistake. Don't do this again :(

Anyway, my stock to watch for tomorrow.

BERNAS: Buy at 3.18 if opens below 3.16.

RSAWIT: MACD shows red, likely bad sign :( Cutting loss at 0.83

SYF: Not a good sign. But if breaks 75 cents, can buy at 0.76

WIJAYA: Downtrend. Bears arrived early.

EMICO: Buy at 0.35 if opens below 0.34

DATAPRP: Buy at 0.36 if opens below 0.35

KURASIA: Gapped up by 0.15. Doji and likely reversal will happen later.

SANICHI: Gapped down today. What's up? Bad news? If 0.175 breaks, next support will be at 0.15 via FBB. Entering it now is a purely punting. Trade with care.

PROTON & DRBHCOM : Drb is taking over Proton, around RM 6 or RM 7 per share. Worth to watch tomorrow.

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