I still think there is one more leg up for Dow, STI and KLCI. This rebound should last till about end of the month before another round of selling takes place.
Do not be too 'gung ho' in buying the rising markets now. Things have not change in the longer term. However there are a few stock that are worth looking at right now.
In Singapore, I believe that there is room on the upside for property counters such as Allgreen, City, Singapore Land, and Capitaland. There are divergences on its MACD which could see these stocks rally a decent 5-10% from here.
In Malaysia, the plantation counters remain in the spotlight. Property counters in Malaysia may also rebound together with regional property players.
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"I still think there is one more leg up for Dow, STI and KLCI. This rebound should last till about end of the month before another round of selling takes place."
I share your views too. Volatility is always great for traders :P It's when we are really busy, closely monitoring the markets up and down and swing trade hehehe.
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