First, greet everyone a happy Chinese New Year.
Market forecast ?
I was sure that many did not realize that the stock markets around the world peaked out in April/May 2015. The bear market momentum was slow at first and now going almost going for a full throttle.
12 comments:
wow Turtle, your PIE has risen to the stratosphere! i bought at around RM3.75 and now it is trading at about RM10.20. that really was a good buy. Now in this current bear market, what are your thoughts on bargain blue chip counters which are worth buying?
Market Review for KLCI:
The FTSE Bursa Malaysia KLCI Index climbed 2.1 percent at the close in Kuala Lumpur, the most since May 2013, reversing earlier losses of as much as 1.9 percent. The gauge has fallen 17 percent from the July 8, 2014 peak, on the cusp of a bear market. The ringgit strengthened 1.2 percent, halting a four-day drop.
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Eye on Stock -
TAMBUN Indah Land Bhd (Tambun, 5191) established a record high of RM2.64 on July 17, 2014 after a massive rally.
Slightly more than two months later, a futile try to penetrate the historical peak witnessed its shares dropping from a high of RM2.62 level to a two-year low of RM1.16 on Sept 2, last year on extended correction process.
The downtrend lasted one year, followed by a moderate rebound, attempting to heal. But it could not attract follow-through interest and hence, the bulls abandoned the idea at the RM1.49 level in late October last year.
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