Russel 2000 ETF (IWM) showed a Three Outside Down, reversal pattern, after getting near to the all time high level. Watch out for a start of down trend. 200D SMA support is at $114.
Current PE for Russell 2000 is 50.41 (over value).
Base on past IWM chart pattern, IWM has nice tradeable pattern in two directions (up trend and down trend).
Original post from My Stocks Investing Journey by Marubozu.
This is abnormal! Crude Oil drops more than 10% when everyone is complacent and on holiday mode. Stock Market keeps going up but Treasury Yield keep dropping. Next week will be a very good lesson for all the retail investors!
Sit tight and watch the show!
To those retail investors and newbies who believe into those “Get Rich Quick” class and believe it is very easy to make money from the stock market by just copying someone’s proprietary trading system, please think twice! There is no free lunch in this world because even Warren Buffet and Carl Ichan can lose huge money in the stock market.
Fundamental Analysis of Lippo Malls Indonesia Retail Trust (LMIR):
Technical Analysis of Lippo Malls Indonesia Retail Trust (LMIR):
LMIR is currently on the down trend but approaches the previous resistance turned support level at about $0.33. If LMIR is able to hold above $0.33 and consolidate around this support zone, it may be a good entry point in view of the strong fundamental, undervalue NAV and nice DPU yield. Keep an eye on the reversal chart pattern and candlestick patterns when LMIR reaches this support zone.
Risk Assessment:
One of the biggest Risks is currency exchange risk, where LMIR collects rental in IDR but DPU pay out in SGD. Looking at the SGD/IDR chart, SGD/IDR is trading within the range of 9,000 and 9,500. It is good news to LMIR if SGD is weaken against IDR and vice versa.
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