The melody can’t find youI’m incomplete without youI guess we’ve reached the end of the gameOoh, hit me Weezer, 2020 For a lot of investors, 2020 has been a year of good (mis)fortune. If anyone managed to ride in early on the glove euphoria – and hopefully managed to hop off midway – they would…
Tag: stocks
Technically Speaking – Here we are, again
I’ve said recently that I would try to avoid writing another financial market update, but, I’ve relented, and here we are, again, with another post about the financial market – the KLCI to be specific. This year has been an interesting one on the stock exchange. Despite moribund overall economic outlook, the stock market has…
Technically speaking – Corona, what corona?
Two weeks ago I ‘forecasted’ that the market would head upwards to 1470 before making a slight pause. Well, it did just that – it went to 1470 on the 29th of May and paused – mainly because the market closed. The next couple of days, it just sailed upwards, seemingly not wanting to look…
Technically Speaking – another update
A quick follow up to my last post. Seems like the weakness I expected never materialised and the market held up quite well at the 1370 Fibonacci line and has completely flew above two resistance areas (marked red and green respectively). What could be driving the rally? I don’t really know, as far as I…
Technically Speaking – an update
It’s been quite a bumpy ride since my last entry around about two weeks ago. The market has closed the gap at 1420, and has retraced since then, bouncing at 1370 before attempting to breach the resistance at 1420, once again failing. Yesterday, the market closed down about 30 points, hovering at the Fibonacci support…
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