KLCI is expected to rally further even after yesterday's gains. The positive close on Wall Street is also another 'positive'. There is a lot of upside potential in the small cappers or penny stocks. M3nergy is one of the stocks to look out for (see later note for more info). Again, I see MKLand (8893) or its warrant coming into play soon. There are signs of accumulation and it is a matter of time before the stock rallies. Also look at MPCorp and GPharos.
STI is also expected to continue to rise to retest its year high of 3,906. The Sesdaq could start to move soon... Look at lower liners like Alantac, Beng Kuang Marine and Health Management Int(HMI).
I may have to relook at the Dow's outlook and wave counts but I have yet to find the time.. Dow could be in Wave 4 corrective wave now. What I have written are only from very short term charts and hence the ST outlook.
Anyway, traders in KL and Spore should be in for a ST bullish time (ST- means a week or 2)
:) Happy trading!
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4 comments:
Hi SS,
Welcome back!
Any reasons why you recommended M3nergy and MKland?
I bought bahvest yesterday:) hope to make some gain
Surewin
But just remember that with Bahvest u may need to hold for a while.. I heard that they are going to do very well this year and next.
It will likely be volatile going into November 07. Oil price shoots through the roof and credit worries still haunts US subprime and latest the credit card debt.
FP
FP, true true!! Volatility has stayed on the high side after hitting a 6-year high in Aug. Nov would likely the next most volatile month.
The problem of the subprime would not just go away overnight. I expect it to drag on till next year. What is bad for the US could be good for the rest of the world in the short term. This is because short-term money moves out of US into the rest of the world. Hence Asia and Europe should outperform the US going forward.
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