Will DIGI (6947) break through RM5.38 reisstance level?
and we wasting our time
This isn't the real job
we should give up our hobby they say
But if their only knew
that we are the master of risk
The ascent of entrepreneurial spirit
the liquidity of the economy
we live by our wits
eating what we hunt
adapting to the ever changing jungle landscape that its the market
we trade the currency you circulate when you shop
we trade the companies you work for each day
we trade the gold on the watch on your wrist
while you will to decide of failure and lost
we relish it verse
we are not afraid to take loses
to talk about our loses
to rebound from our loses
those are our defining moment
discipline and self awareness
are our companion
we are what you always wish you could be
and were coming out of the shadow
we are traders
Malaysia's KLCI Up 0.7%; Immediate Resistance At 1,634
Malaysia shares are trading higher in line with other Asian markets after China's factory output and retail sales data topped expectations, firming hopes for an economic recovery in China, which is Malaysia's largest trading partner. The KLCI is 0.7% higher at 1629.26, led by blue-chip stocks. Gainers outpace laggards 206 to 154, while 212 stocks remain unchanged. "There are not enough local drivers and the market will continue to take cues from developments overseas," says local dealer, who tips immediate resistance at 1,634.
DJ MARKET TALK: Malaysia KLCI +0.3%; Sell On Rallies - Maybank
0506 GMT [Dow Jones] Malaysia's KLCI holds on to its gains, up 0.3% at 1612.02 at the midday break, in line with the rise in most Asian stock markets though overall trading volume remains thin. Maybank IB says investors should dispose on rallies as technical indicators suggest that the benchmark index may fall towards 1535-1569 in the longer-term in a downtrend that may last up to two months; the house tips the KLCI to face selling pressure around the 1607-1624 area. Market breadth is positive at 271 gainers and 213 losers with 391.9 million shares changing hands. Among the most active benchmark stocks, Maxis (6012.KU) is up 0.3% at MYR6.46, Axiata Group (6888.KU) up 0.2% at MYR5.94 and CIMB Group (1023.KU) is up 0.7% at MYR7.53.
DJ MARKET TALK: Malaysia KLCI +0.3%; 1620-1630 Resistance - Affin
0243 GMT [Dow Jones] Malaysia's KLCI is up 0.3% at 1612.67 tracking gains in most Asian stock markets with all sectors in positive territory except for plantation stocks. "This week's bullish reversal and a dramatic shift in technical indicators in the last two days may inspire more aggressive buying and upside for KLCI toward the mid-November high of 1630," says Affin IB. The house pegs 1620-1630 as the resistance zone while support remains at 1580-1600. Market breadth is positive at 237 gainers vs 134 losers with 221.1 million shares changing hands. Among the most active benchmark stocks, Maxis (6012.KU) is up 0.2% at MYR6.45, UEM Land (5148.KU) up 1.0% at MYR2.10 and AMMB Holdings (1015.KU) is up 0.3% at MYR6.45.