Today is the first day of February 2016. January 2016 had been a monkey month, very volatile. Let's look at the weekly chart. After two months of bearish engulfing, followed by a hammer and last week it rebounded. On last Friday, it rockets 33.27 points and closes at 1,667.80.
Because of our volatile market, not much stock picks are shared. Below table is my Gainvestor Portfolio for January. Again, this statistics does not mean anything, it does not mean any hold/buy/sell decision, it is just to summarize and track the Gainvestor Portfolio.
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| Summary of Gainvestor Portfolio for January 2016 |
In the last week of January, notice all the export stocks are having a heavy selling pressure. Is it because of our MYR is getting stronger? In the weekly chart below, there is a
bearish engulfing and seems like it is going to break the support of 4.15, reason being the
chart is now forming a double top. Good news for the nation!! But do notice that for a few counters which will be announcing their Q Result in February, they are going to report their profit from October till December 2015, which at that time, the average for 3 months of USD/MYR is 4.2845
[1].
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| Weekly Chart of USD/MYR |
Thank you^^
