Stocks to monitor on Friday
11 October 2024
The market on Thursday closed with a total traded volume of only 2.636b. The trading volume tanked to below the 3.0b mark again following the completely side market. Following the slow down of the Hang Seng Index ("HSI"), the structured warrants also has lesser upside for day trading. 566 stocks closed red and 548 stocks closed green.
The KLCI gapped up and opened at 1,639.75 before retracing to intraday low of 1,638.67. Towards the lunch break, the KLCI continue to spike up and reached the intraday high of 1,646.14 in the afternoon session. At the end of the day, the KLCI closed at 1,640.94 with a gain of +6.03 points or +0.37%.
Most sectors closed green and only two sectors closed red. The Construction sector became the top gainer with +1.90% However, all sectors had a movement that is less than +/- 1% due to the completely side market.
In the morning, the market started with a super weak sentiment due to no strong theme or sectors being in play. Following the retracement of the market drivers such as 99smart, Gamuda, Sunway and etc, the entire market became utlra weak.
Fortunately, some of the penny stocks such as Pertama, Artroniq and etc managed to have some upside as per our Premium Watchlist. Pertama was the Superstar for today as per shared in our VIP Group. As expected, after collecting most of the shares at dips on yesterday, the Syndicates pumped it up to the intraday high of 0.32 with strong momentum.
In terms of the HSI's structured warrants, there were lesser trading opportunities for the day due to the slow down of the HSI. Notwithstanding, some of the good call warrants such as HSI-CYB, CYH and etc also managed to have some good upside in the morning session.
One of the good trading opportunity today was the strong rebound of Hengyuan and Hengyuanc57. Following the rebound of the Crude Oil WTI Futures, both of them got pumped up to the intraday high of 2.82 and 0.175 respectively.
Congratulation to some of our VIP members who managed to earn handsome profit from trading the HSI structured warrants and HengyuanC57.
For the next few days, we will continue to monitor the KLCI to see if it can continue to sustain above the 1,638 support region and 50 days SMA.
The sectors to focus will be the Property, Construction, Energy, Technology and etc since they were showing some rebound.
Since the market sentiment is super weak, we will always monitor the HSI structured warrants for potential trading opportunities.
Kindly take note that there are no buy or sell recommendations or any investment advices for any stocks mentioned here and it is solely for educational purposes and knowledge sharing only.
Pertama
Resistance : 0.32, 0.33, 0.35, 0.385, 0.42
Support : 0.305, 0.295
Fajar-WC
Resistance : 0.145, 0.16, 0.17
Support : 0.135
Hengyuan
Resistance : 2.75, 2.80, 2.82, 2.86, 2.90
Support : 2.73, 2.70
Gamuda
Resistance : 8.23, 8.27, 8.30, 8.35, 8.43, 8.49
Support : 8.13, 8.08, 8.00
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Disclaimer: OmNi Investment is an educational platform and our Licensed Remisiers are focusing on sharing of knowledges in regards to day trading, swing trading and market review. 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.