As of today, the global markets have been stretching themselves to move higher and higher, with lower and lower energy. It is obviously showing that the market sentiment is about on par with the economy condition, which is stabilising and hovering at the current level. Thus, it is recommended to stay sideline and observe the situation. Just wait for a good opportunity and grab it to optimun the ROI.
KLCI index was succesfully broke the phycological 1500 level last week. Further to this, it is expected to test the last record high at 1527 very soon.
There is one counter I spotted recently - HPI.
Refer to the daily chart of this counter, HPI has successfully broke the upper line, the famous chart pattern - Ascending Triangle. Upon breaking the upper level with the support of high volumn builded, it is expected to fly sky high! Theoretically and based on the chart, it should continue the uptrend towards target price of RM2.60. This is what I am saying - The golden opportunity arise!
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