Malaysia Technology IndexMalaysia Technology Index Continue to go upper high after breaking the short term downtrend line.
TECHNOLOGY trade ideas
Indek Teknologi KembaliIndek ini memantul pada sokongan 51.51 mata dan terus naik menuju ke tahap rintangan 57.35 yang pernah di lakukan pada 6 Ogos 2020. Minggu hadapan rintangan tersebut akan di uji dan adakah teknologi terus membuat kenaikan.
Saham yang aktif pada akhir dagangan minggu ini di mulai dengan JCY,NOTION,ARBB DNET dan MYSCM.
Sekian.
Sector to Watch - TechnologyHad a good run on Technology Stocks
Malaysia's Technology Sector still bullish.
100% gain since 25 Mar and no sign of slowing down.
However, Technology Select Sector SPDR Fund (XKL) which consist of major US technology counters such as Apple, Microsoft, Intel, NVIDIA, Adobe
While still bullish and uptrend, but there's sign of BEARISH divergence where Index is making higher high but FiFT and MACD is making Lower High.
Recently -Ve FiFT (Bear Force) with Overbought (OB) signal is appearing much more frequent.
Technology stocks are still bullish but Buy on Breakout strategy might fail. May apply Hit and Run instead.
Bursa Malaysia Tech SectorOf all sectors in Bursa Malaysia, only tech sector has breakout from its sideway range, and currently above its MA200 signifying bullish trend. However, it is still below the supply line considering previous two peaks.
EW5 can go as high as the previous peak, but for now, it has to retest and retrace for EW4 completion.
Malaysia Technology - Breaking Out To Newer HighMalaysia Technology index is about to break above its 2017/2018 high, following Nasdaq and SOX to making new high. Despite that, the index is still far away from its 2003 and Dot Com Bubble high.
This is why only LONG TERM trend matters. Yeah, you can make money day trading here and there but the bulks of money are being made by trading/investing based on long term trend.
Unfortunately, again, most people will miss out on making gains from the stock market because they have been brainwashed that the only safe haven is to hold fiat dollars. And most people are lazy to study and read books on investing and trading, making them miss out on all these big gains. I don't care about them. When I told people that you need to figure out things on your own, they just got mad at me as if it is my job to TELL them what stocks to buy, when to sell. That's why most of these people are more wiling to climb the corporate ladder rather than venturing into entrepreneurshipAnyways, and making money from businesses.
Anyways, its their problems for not wanting to work hard but instead wanting to be lazy in this life. Everyone gave excuses, I learn programming and coding from zero. I learnt A.i from zero. I do data analysis, I read books, I go study the history and therefore I deserve to make money from the financial market.
If you want to, you need to figure out things on your own. Ask critical questions, find answers. Understand probabilities. Understand math. Understand odds.
There is always options to take low risk and yet yield high return. It is always possible to make large gains by taking low risk. By dollar cost averaging, buy staying in the trend.
Parabola always exist and will always exist. You just need to know when its time to get in, how much capital to put, when its time to trigger to sell. Sorry, I can't teach anything more than that. My algorithm is complex enough that I am not bothered to teach people. But anyone with brains can and make more than 30% per year without taking too much risk.
Don't neglect or avoid breakout of all time high. Anything that expensive can be more expensive. Its all about capital flow. Technology has room to go and it will be heading into another bubble.
Regards.
Don't message or reach out to me, stop wasting your time.
