LMCEMNT

STOCKPICKS FROM MALACCA SECURITIES SEMINAR

THIS HAS BEEN A BUSY WEEK FOR ME AND I COULD NOT SEARCH FOR BULLISH STOCKS.

THE FOLLOWING COUNTERS WERE GIVEN AT THE SEMINAR ORGANIZED BY MALACCA SECURITIES.  I FEEL THERE WERE OTHER COUNTERS BUT ONLY THESE WERE THE STOCK PICKS GIVEN BY THEM.

MAXIS

AS AT MID-DAY 27TH, MAXIS IS ADVANCING NICELY AND HAS GAINED 7 SEN. MAXIS IS TESTING THE LAST MINOR SWING HIGH OF 6.87.  CAN IT BREAK OUT LATER TODAY?

GORENG, GORENG!

In response to my post on Asuprem, one FB friend remarked: “always remember when syndicate stir it.. all the F@#$@#chartist and fin.analyst comments are f@#$@ up and no use.. kekekek”

I agree with him!  Go with the flow, Man. If you cannot beat them, join them.

There thousands of stock trading tips, webinars, YouTube videos, articles, commentaries, recommended stock lists, gurus, etc on the Internet.

There are hundreds of stock indicators, and many different types of charts you can use.

There are dozens of drawing tools.

So why is it that 80% - 90% of all retail traders struggle to be consistently profitable?

Because they are all stuck in the “CROWD MENTALITY”.

Almost everyone is using the same strategies and indicators that others have also learnt and are using.

Do you know why there is no Holy Grail in trading? Even if a Holy Grail trading system is found, it will become ineffective once others start to use it also. That is why Professionals have proprietary trading processes that they protect and keep private whereas Most Retail Trading Systems use the same strategies, popular indicators, or signals. - Martha Stokes

INCKEN UPDATED

VOLUME PICKED UP CONSIDERABLY TODAY.  ALREADY 20,492 AS COMPARED TO 9,805 YESTERDAY AND 10,344 ON MONDAY.

 

Today closed with total volume of 37913 as compared to 20492 mid-day.  An increase of 17421 (46%) in volume could only push the price to a high of 0.71 before closing at 0.705, i.e. 1 sen higher.  Is this churning? There is a  possibility Incken can rise further as the Weekly trend appears to be gaining strength. Anyway as TA deals with probabilities and not certainties, we have to wait for tomorrow to see whether today’s resistance is only temporary. 

Incken is trying very hard to advance but has been pushed back at mid-day with a volume of 10,156 which is only half of yesterdays mid-day volume.  Will we see the big battle between the Bulls and the Bears as witnessed the last three weeks. The Bears are really making it hard for Incken to advance with the Bulls having to fight for every inch of ground or rather sen gained.