How High Can It Go?

Whilst Malaysian-listed concrete manufacturer OKA Corporation Berhad continues its uptrend trajectory, one should be aware of potential signs for reversal:

  1. It has been trading “free bars” (i.e above the upper range of Keltner Channel);
  2. Declining volume vs rising price:
  3. Two overbought signals in RSI;
  4. Divergence in MACD – declining MACD line vs rising price

OKA_TA_Review_Jun 17 PNG.png

One should also consider the recent insider trades (whereby there were some disposals by the insiders):

InsiderTrades.png

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Practising Risk Management

When comes to stock trading, there is nothing more imperative than adopting solid risk management procedures. Most people tend to forget Buffett’s two rules: Rule 1 – Do not lose money. Rule 2 – Do not forget Rule 1. Continue reading “Practising Risk Management”