Stock to monitor on Tuesday
17 January 2023
The market on Tuesday closed with a total traded volume of only 3.922b, close to 4.0b mark. There are a few Superstars such as Wells, Revenue, Ewein and etc which caused the bull market to come back. For day traders and scalpers, we believe today is one of the best day due to the high win rates and huge upside of these Superstars.
The Kuala Lumpur Composite Index ("KLCI") experienced a small gap down at the opening price of 1,494.81 before rebounding to green and tested the 1,496.05 intraday high. However, it failed to sustain at this level and eventually tanked to the intraday low of 1,489.00 in the afternoon session which is below the 200 days simple moving average ("SMA"). Fortunately, it still managed to rebound towards the closing and closed at 1,493.56 with -1.47 points or -0.10%.
Construction sector and Health Care sector became the top performer with a gain of +1.25% and +1.04% respectively.
In the morning, the newly listed IPO, Wells became the Superstar with super strong momentum and huge trading volume. As mentioned in our Premium Channel, we noticed that the pump and dump momentum increased after Natgate showed a strong gap up and rally on last Friday. The Syndicates used the same strategy for Wells, i.e. gapped it up to open at 0.33 then pumped it up all the way to the intraday high of 0.59.
After reached the intraday high of 0.59, we warned our Premium Members on the potential trend reversal when we saw a huge increase in selling pressure. Wells eventually tanked to the 0.38 to 0.43 region and consolidated side way for the rest of the day. Congratulations to some of our Premium Members who managed to earn a handsome profit of easily more than 30 bids or 50% on trading this Superstar.
As per our Premium Watchlist, Ewein also outperformed the market and became the next Superstar after gapped up to open at 0.41.
In the afternoon session, the Syndicates decided to pump Revenue up to become the next Superstar. Congratulations to some of our Premium Members who made handsome profit after studying Revenue's chart shared by us in the Premium Channel at around 10:28 am. We believe you all were able to prepare a good trading plan after Revenue broke the strong resistance of 0.515 and 0.53 as per mentioned by us.
Towards the closing, the Syndicates pumped Revenue up for one last wave to above the 0.685, 0.73 and 0.75 strong resistance which an extremely high trading volume...
In terms of Health Care sector and Gloves theme, we had mentioned about the candlestick patterns of six red and one green during our last Saturday's Premium Lecture vide Zoom.
For Tuesday, we should monitor if the KLCI can continue to hold above the 200 days SMA and close green with a higher high.
Reduced the number of stocks in the watchlist below. We will continue to provide live updates if we see any potential Superstars.
Wells
Resistance : 0.435, 0.45, 0.465, 0.48
Support : 0.415, 0.40
Eewein
Resistance : 0.53, 0.55, 0.575
Support : 0.505, 0.485
Sapnrg
Resistance : 0.055, 0.065, 0.08
Support : 0.045
Topglov
Resistance : 0.90, 0.92, 0.935
Support : 0.88
Revenue
Resistance : 0.75, 0.765, 0.78
Support : 0.73, 0.715
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Disclaimer: Omni Investment is an educational platform that focused on providing lectures and training on day trading skills and strategy. All information shared here are strictly for educational purpose only. There is no buy or sell recommendation for any counters mentioned in this channel / group. We hold no responsibility for your trades. You should make your informed decision by consulting your licensed remisier or investment advisor before making any investment decision.