This is the end of the 2nd week in 2020. Things seem rocky at this juncture
- US-Iran tensions (a commercial jet was downed)
- Australian worsening bushfires
- Wuhan mysterious SARS-like disease
- BREXIT soon
Some good positive vibes – we may see a trade deal between China and US? https://www.aljazeera.com/ajimpact/trump-trade-deal-signed-shortly-january-15-200110044931445.html
Some selected stocks in review for this week:
DPharma – Strong uptrend. Appears overbought and may pull-back.
KPJ – Up-trend intact but may face resistance at $0.99.
Tadmax – potential bearish signs. Trading below the MAs
YTL – nice pullback-continuation trend. Potential resistance at $1.10
Pansar – uptrend remains intact, expect resistance at $0.725
VS Industry – uptrend remain intact. Potential resistance @ $1.59.
SP Setia – potential rounding bottom?
UZMA – uptrend intact as long as it doesn’t fall below support @ $0.90
This blog post is not an investment advice or endorsement. Please refer to general disclaimer of this blog.