Wall Street rebounded last night. Nevertheless, the markets on this side of the pacific do not seem to be quite bothered about the ups and downs over there. Both the STI and KLCI managed to close positively yesterday. Both markets saw an increase in market participants as the trading volume increased for the last three days. It looks like the retailers are coming back in car loads. This is a positive sign for the market. When they come in truck loads, then it is probably time to say bye bye! :)
The 2nd Board in Malaysia is starting to rally again. Eden would probably be one of them running today. Market rumour - that they are going to get tonnes of projects. I would stick to stocks like HPI Resources or maybe PMB Technology.
Singapore - look out for IPCO International and Popular Holdings. AsiaMedic is also starting to move up. Waiting for a breakout in Asti Holdings and PSC Corp.
2 comments:
Hi Shooting Star,
Was introduced to your blog... i've noticed Perisai having some moving signal since Thursday... wat do you think?
Any special counters that you recommend to monitor?
Hi Surewin,
Perisai (0047) looks good on the charts. Friday's volume was good which is also another good sign. I think Perisai has got good potential to reach at least RM1.40. Happy Trading and thanks for the 'tip'.
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