US Stock Trade Malaysia – Stock Market Review I Oct 29th, 2018 I
Seeking direction again
Last week, it was a volatile week, overall it is now a downtrend, but it is not easy to trade as the risk is too high.
Last week pick updates
Our Pick for 22 Oct 2018
- No Pick
We didn’t select any pick last week as the signal is unclear, this had been continuous 2 weeks.
Market is now at high volatility zone. A lower low had formed in all the indexes but at the same time, we also see some buying came in.
At the same time, the dollar had retraced after hitting high against EUR. This might signal a rebound in stocks too.
It is now high risk, and it will be difficult for a low-risk trader.
Our pick for 29 Oct 2018
- DLTR, long
- PKG, long
Do take note that these are higher risk pick as the current market remains highly volatile.
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Till next week,