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Showing posts from May, 2026

Chart of the month : KLCI

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Morning ... Sunday is my Maths-tuition day ... from 9.30am to 9pm ... with breaks for lunch and dinner.  Then ... to sleep early ... as MONDAY is another battle-day for me in KLSE.  Bursa were off on Friday ... as US markets hitting new high but KLCI is far from recovering ... will we see 1700 level this year? KLCI need to breakout of 1735 convincingly ... but I m expecting a pullback after such good run (PMETAL n PCHEM in mind). Even YTL, YTLPower and Sunway recovered so well since the selldown months ago.  FKLI : I have no position ... will go long or short, depending to the charts and direction.  Have a nice weekend.  TEH

Energy Sector : At resistance

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Slvest : Wait for pullback to buyback Slvest-cv. https://youtu.be/-7nLoFyrtg0?si=8mCZGb0UHEi9KPDg A clip on Energy Stocks correction : the list of  near to 52w high  TEH

Stock Watch : PCHEM (CW)

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  PCHEM-C1Z :  With WTI crude pulling back to around USD101 , downside pressure is likely to return to PCHEM. Expect the stock to turn red in the near term , as sentiment weakens alongside softer oil prices. Why PCHEM Could Turn Red Again as Oil Pulls Back After a strong run, PCHEM is showing signs of losing momentum — and the key driver right now is crude oil. WTI crude has slipped back to around USD101 , and that matters more than many retail traders realize. PCHEM, being a petrochemical player, is highly sensitive to movements in oil prices . When crude weakens, margins expectations often compress, and that quickly translates into selling pressure on the stock. From the chart, PCHEM recently attempted to stabilize around the 25-26cents  range , but the recovery looks fragile. The earlier rally was supported by stronger oil prices and improving sentiment. Now, with oil pulling back, that support is fading. Technically: The stock is struggling to hold above 25cents ...

Stock Watch : PMETAL (CW)

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  PMETAL-c2L : After closing out all my positions in PMETAL-c2L , I’m currently sitting on the sidelines and reassessing the next move. The stock has shown strength, but rather than chasing price at current levels, I prefer to stay disciplined and wait for a more favorable entry. My plan is straightforward: I’ll be watching closely for a pullback into the 22–24 range next week. That zone offers a more reasonable risk-to-reward setup based on recent price action. Selling my entire position wasn’t about losing confidence in the stock—it was about locking in gains and avoiding unnecessary exposure while the price is extended. In trading, timing matters just as much as direction. If the pullback materializes, I’ll consider re-entering with a clearer structure and defined risk. If it doesn’t, I’m comfortable letting the opportunity pass rather than forcing a trade. For now, patience is the strategy. TEH