I picks Golden Agri & Semb Corp in my earlier stock market picks post. Indeed, Golden Agri rallied to a high of 0.98 cents from 0.93 cents. You can take some small profit if you exit yesterday. Not too bad la, right!
Similarly, Semb Corp rally to a high 4.47 but it was hit a resistance there and not able to close higher.
Looking forward, will these 2 stocks head higher, the overall market is very uncertain now. It is like coming to a junction, it can either head higher or lower. The current immediate market trend is down, so, I will be very cautious to hold too many long position now. It will be good if you can take the profit during the short term rally.
Oil price did not retreat yet despite the Saudi King’s annoucement to increase production. US Fed is meeting this 2 days and will give an annoucement of the meeting outcome on Wednesday afternoon US time. So, I will hold my bullet till Wednesday before I make a final decision on how to react next.
I do know some people like to react during this period of time before Fed make an annoucement. However, I think that is like gamble, it is a 50-50 chance. I do not like gamble and I think we should make a fact or data driven decision using Technical chart to increase my winning odd. Even if I can increase my winning odd to 60 or 70 is still better than 50-50 gamble, right!
Do you prefer to be a gambling investor or smart investor, that’s your choice!
