of couse Kyory is right.... the RSI for both GenT and GenM is currently quite high at 79%.. so sell off is inevitable - for profit takers. I understand that normally RSI between 60% - 70% would be preferred as nice balance for room to grow and enough momentum to sustain. Am i correct Kyory ?

Hi Jeffrey, it is common to have profit taking even an uprising or up trend stock but normally for a stock that are in trending upward, the correction normally touch RSI between 50 to 60 will rebound not like those can touch below 30 unless world sudden big drop or bad news from the company that out of our control

Sorry Alide busy earlier. Yes you may pledges shares or funds on the margin account. Normally they will only take 50% of the shares value unless if you are using Maybank margin account and pledge Maybank shares then they will take higher value while funds are normally between 1.5 to 2 times depending on your broker also. For eg. if you place you place RM40k to the margin account and they give you 2 times means you can access to RM80k to buy shares.

For eg. if you place RM40k and given 2 times which means you can access to RM80k funds to buy shares and take Genting as example and if you buy 15,000 shares at RM5 means you have utilise RM75k while balance funds is RM5k which the extra RM35k you use may need to pay interest while if Genting shares drop and losses do not exceed the balance RM5k then no margin call while if the unrealise losses balloon to RM10k or above then you will have margin call. I think better you check with your remisier

Yes you may pledge shares to open margin but if margin call you not able to top up more shares or funds to pledge or settle then they will sell off all your shares including those use to pledges at whatever market price to settle the margin call.

Not wise to play Margin. I used to wok in Share Margin Financing a long time ago. below 60% already we chase customer from morning till night to top up or face force sale. Honestly, you will be better off playing with cash. Not worth risking as a sudden change in wind and you can face continuous down trend. Also, longer you hold, the riskier it is. I feel the market will go up but stabilize around 1650 points at least in the short term. To return to 1800 points is difficult. Dont forget come Sept, short sellers will enter market too

Hi Alide, for your query as below:

1) The RM40k pledge is depending how many times your broker allow and if you say so is 2.5 times means you got RM100k funds to use for buying or trading;

2) Depend on total shares and price you buy, losses is calculate on the drop of share price from your entry price nothing to do with the margin account limit. So for eg. if you buy 20,000 shares of Genting at RM5 and touch wood it drop all the way to RM3 means you lose 40% that is (RM2 × 20,000 = RM40k)

Alide... we can only share with you that for a start to invest in safe and stable shares (although boring shares) that brings good dividend first... start small... then slowly grow portfolio and gain confidence. avoid penny stocks (as risky - cause usually many small retailers and sharks like to goreng penny stocks), and buy in bulk.. take into account your brokerage costs, buy in bulk will allow you to have lower exit price point (after covering brokerage - usually around 2%) in case you need to run in a highly volatile price. Dont over diversify unless you have a few hundred Gs to invest. if you have limited, concentrate on 1 or 2. and oh, don't listen to anyone of us on stocks advice when buying and selling ... gud luck :-)

@nicholas, oh.. yum yum means sold?! wow... I dunno what to say already... When last few day said ran out of wok to goreng those PN17 also got some smart ones got the hint already... and that wasn't even clear at all

https://www.klsescreener.com/v2/news/view/804387/recovery-catalyst

“For tourism related initiatives, such as the exemption of tourism tax and sales and service tax, individual tax deductions for tours and 10% electricity bill discount, this should help out hotels and REITs, Genting Bhd and aviation." - Hong Leong Investment Bank Research