iVSAChart Follow The Smart Money: January 2018

Wednesday, January 31, 2018

Major & Minor Diamond Buy Jan 24, 2018

Major

KLSE

WS CAPITAL BERHAD
closing price LC 1.26

SGX

Ho Bee Investment
closing price LC 2.63

NYSE

Carnival PLC ADR
closing price LC 71.12

Minor

HKEX

TOWNGAS CHINA STK
closing price LC 6.49

NYSE

Wesco International Inc Common
closing price LC 68.36

Nasdaq

Qualstar Corp Common
closing price LC 9.21

Tuesday, January 30, 2018

MALAYAN FLOUR MILLS BHD - Jan 30, 2018 (Weekly Stock Pick)

We notice there is a clear smart money campaign happened from accumulation (stage 1) followed by mark-up (stage 2) based on MALAYAN FLOUR MILLS BHD weekly chart. With the evidence of Sign of Strength as iVSA chart above, smart money took a 4 months, from April 2017 to Aug 2017, to accumulate. MALAYAN FLOUR MILLS BHD broke through the resistance level in Aug 2017 with volume. Smart money continues to mark-up the price for more than 8.02% in few weeks after the breakout. The actions by smart money have been spotted by the Green Arrow during the mark-up stage.

MALAYAN FLOUR MILLS BHD reached maximum high and we can see great profit taking have take place with the Red Sell Diamond in Aug 2017. Since the Red Arrow appeared, price plunges slightly and now moving sideways. We prefer to wait for more Sign of Strength to ensure the smart money continues to participate on the uptrend.

Weekly Market Outlook for FBM KLCI by iVSAChart - Jan 30, 2018

The KLCI market rally has been impressively moving upwards, according to our research. As the country anticipates their 14th general election results, this is the result of votality in the market, in our opinion. Stock of companies that are politically driven are likely effected by the General election votality.

Weekly update on the market outlook for FBM KLCI, let's have a look.

Based on the 6 months period daily chart above(click image for full view), we noticed that there is absence of sell signal (Red Diamond). FBM KLCI have slightly decreased about 0.44% within the last couple of months. At the end of the day, closing price was noted at RM 1834.04 since the Green Diamond on Dec 12, 2017, looking at the Major Green Diamond Buy Signal. The buy condition has been triggered according to iVSAChart ATA Diamond rules as well as observing the bar of the next day.

There was a confirmation of trend reversal with closing price of 1737.66 on Dec 13, 2017 in which Sign of Strength can be seen together with both Green Diamond Buy Signals. Other sign of strengths have been spotted with little to no signs of weakness. This indicates that the market is going stronger as the KLCI market has rallied tremendously.

Do follow us to get the updated Market Outlook to stay ahead of the others!

Disclaimer: This post is meant for information sharing. It does not served as trading ideas for buy or sell. Please do your research and practice prudent risk management as you are responsible for your own decisions.

Major & Minor Diamond Buy Jan 23, 2018

Major

KLSE

TEO SENG CAPITAL BHD
closing price LC 1.08

SGX

Dbs Group Holdings Ltd
closing price LC 26.84

HKEX

WING TAI PPT STK
closing price LC 6.89

NYSE

GoDaddy Inc A Common
closing price LC 53.10

Nasdaq

Sangamo Therapeutics Inc Common
closing price LC 21.30

Minor

SGX

Dbs Group Holdings Ltd
closing price LC 26.84

HKEX

WING TAI PPT STK
closing price LC 5.89

NYSE

iShares Interest Rate Hedged 10+Year Cred ETF
closing price LC 26.64

Nasdaq

Pointer Telocation Ltd Common
closing price LC 18.80

Monday, January 29, 2018

FTSE KLCi (3-month period) - KLSE Market Review

Green and red diamonds were spotted on this 3-month period. On Jan 28, 2018 line change was noted. The market has moved above the 50MA support line since Nov 28, 2017. The Market Stage was green on Jan 29, 2018 which is healthy for the KLSE. A decrease in volume was noted today.

STI.SI (3-month period) - SGX Market Review

Red sell and green diamonds were spotted on this 3-month period. On Jan 24, 2018 line change was noted. The market has moved above the 50MA support line since Dec 27, 2017. The Market Stage was red on Jan 28, 2018 which is not healthy for the SGX. A decrease in volume was noted today.