We Begin Trading At The Beginning Of The Month Of June With A Lot Of Hope!!!
Badly battered retail investors will begin trading in the month of June with a lot of hope and expectations. Popular stock bashing will continue as the market opens on Wednesday and the better-than-expected results streaming into the market shall add newcomers to the ranks of ‘popular stocks already traded.
RSI’s of ASI & MPI daily charts are at 52 & 49. ASI and the MPI which have been edging sideways since last September might pull out of the rut and start moving up in June. RSI’s of the ASI and the MPI are still very much in the Neutral Region (between30 and 70). MPI is still remaining the weaker of the two indices. MPI will overtake the ASI when certain high market cap hot stocks in the index start spiraling up on arrival of long awaited hot news.
Technical Analysis Signals Summary list has been improved with the addition of new securities. It now comes in two sheets and will soon cover the entire market (all shares and warrants). For the benefit of those using our Technical Analysis Signals Summary list regularly we repeat here the important rules for guidance:
1. BUY only when a BUY signal appears on the daily chart of a stock with high volatility with BUY for Monthly status and BUY for Weekly status.
2. SELL on the first appearance of a SELL signal on the daily chart.
If you require any charts or special advice on any stocks please do not hesitate to seek the assistance of your investment advisor or email Madusha at our research division (madusha@capitaltrust.lk). You are of course always welcome to phone or email me (Sarath) for further clarifications anytime.
New/Updated GREG, CLPL, REEF, SEMB & SEMB.X Warrant Price Calculators incorporating the time values of the warrants as per Black- Scholes formula have been uploaded to the Capital TRUST website RESEARCH section. Click on the RESEARCH tab on the HOME page to access this research output. These calculators are updated daily and sometimes modified and hence you have to refer to these regularly each day. REEF calculator has been appended with a Profit Calculator to help you evaluate the profit you would have made by purchasing REEF shares at the Cum Rights (pre-consolidation) price.
If you require any charts or special advice on any stocks please do not hesitate to seek the assistance of your investment advisor. You are of course always welcome to phone or email me on 0772 333 777 and sarath@capitaltrust.lk for further clarifications anytime.
Good Days Are Returning For Sure!!!
Sarath Rajapakse / Capital TRUST Research (Pvt) Ltd - sarath@capitaltrust.lk or 0772 333 777