After a lunch with Allen, here are some KLSE short-term trading information that collected and let's share it.
There are 5 graphs that we need to monitor in order for short term trading,there are
1) Moving Average ( 5 days, 15 days, 30 days)
---MA mostly useful for mid and long term investment.
---Look for the Golden Cross for indication
2) Candle Stick
3) ADX(Seller and Buyer)
---When Buyer(green line) going down, cross over the Seller(red line), good signal. If above the Zero line, even better.
4) MACD
---When the solid line moving up and cross over the the dash line, good sign.
5) Stochastic
All of the above graphs must be supported by a large trading volumn, if trading volumn is small, the above graph will be meaningless.
There are some good counter for short-term trading in KLSE, there are:
Steel Industry
1) Annjoo
2) Lionind (fast)
3) Lioncorp (fast)
4) Masteel
5) Ssteel
Property
1) E&O
2) Spsetia
3) DNP
4) Suncity
5) Ijmland
Oil Industry
1) Kencana
2) Sapcres
3) Petra
4) Penergy
5) Knm
6) Waseong
Plantation
1) IOI
2) Rsawit
3) KLK
4) Ijmplnt
5) Sime
Medical Glove
1) Kossan
2) Supermax
3) Topglove
Telecommuncation
1) Axiata
2) TM
Construction
1) Muhibbah
2) WCT
3) LCL
Corporation
1) YTL
2) MMCCorp
3) MRCB
4) DRBHCOM
5) Zelan
6) Sunway
Cement
1) Lmcement
2) Ytlcement
Pipe
1) Jaks
2) KPS
3) Puncak
Finance
1) Commerce
2) Maybank
Electronic
1) Unisem
2) ENG
3) Gtronic
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