US Stock Trade Malaysia – Stock Market Review I Oct 29th, 2018 I

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

  1. No Pick

We didn’t select any pick last week as the signal is unclear, this had been continuous 2 weeks.

Market Updates

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

  1. DLTR, long
  2. PKG, long

Do take note that these are higher risk pick as the current market remains highly volatile.

For those who are interested to join our daily comment and pick recommendation, pls like our facebook page to get more info.

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Till next week,

Happy trading

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