As some may have known by now that KLSE is damn HOT now! Axiata, PBBank, KYM, RCECAP, LIONDIV, LIONIND, MBSB, AFG etc. all shoot up 8-12% in a day. This has happened since 2 days ago KLSE finally broke its 1300 ceiling after 10 months of 'recovery'.
Things are indeed great. But you may want to know a few things;
According to Bollinger Band (20d, 2), KLCI is hitting its top band soon ie. 1315 by 25 Jan. So correction is coming very soon. Tomorrow is going to be a red day, if it goes on the day after, then the correction will be confirmed and it will be a good news where you can start accumulating again.
All the other indicators also show that there may only be another 10-20% room for growth in the next month or so.
So what should you do ?
Well, the heat is not going to fade away that fast neither. Tomorrow will be a red day. If you pick some stocks up, you may still be able to get 10-20% gain by February.
If you have already kept some, you may want to plan to profit take when it goes up another 5-10% in the next 2 weeks.
If you don't plan to profit take within the next couple of months anyway, the next obvious chance would be in Q4.
What are the jewels now if you haven't bought any yet ? Well, I have only concluded KNM and BAT for now. Keep KNM for these 2 months and BAT until year end.
Avoid warrants and all derivatives at all cost now!
How do I know tomorrow is going to be a red day ? Well, I just keep my eye on how the whole world market is going before ours are opened ... http://stock.malpf.com/
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