Current Stock Market Extends Higher,Mostly by Best Dividend Paying Stocks

The theory that none could imagine to support the fact. Mostly the best dividend paying stocks have jumped incredibly high, and now the composite index has reached to all-time high at 1711.29 points on Friday, 26th April 2013,before the closing time done. But the penny shares show the other way round.  You can check the trend of the stocks for a couple of months recorded on Bursa Saham Kuala Lumpur at www.biz.thestar.com.my. You can survey the graph below and make your judgement.

Composite Index- 1-year retracement

Normally the big players leave the stocks at high and come back later to grab the stocks at a lower prices. My advice is to be careful at this critical point. I think it's better to follow the big players to make it safe. Wait for a lucky day to come...since there will be a day the stocks will tumble. Rumours have already circulated around the web, mentioning the negative news of the Gold price. The Gold has hit the bear territory last week, and normally the equity market also joining the same fate as it happens to the Gold.That was the history of the stock market.

Today, let's watch out specifically on this stock,

                                                              One Year Retracement Chart

Assumption: Either it may jump further or decline. Within these few days the volume occupied was tremendous compared previously. I think  this stock will show a very clear pattern after the election day. Let us monitor!

The Price Movement as from 1st April 2013

 

 

Its Earning Per Share(EPS) was recorded 8.31( as on Feb 2013). It's good for investors to make a choice.  Reference(http://biz.thestar.com.my/marketwatch/)

Look at the Major Shareholders

 

The right time is to wait after election day. Next week!.