Dear readers, in this post, we shift our focus to FTSE BURSA MALAYSIA KLCI or FBM KLCI where many of the stocks have recovered from their recent lows. There are however four of the FTSE BURSA MALAYSIA KLCI stocks which are still oversold.
These four oversold FBM KLCI stocks (as at 27 March 2020) are:
1. AmBank (AMBANK)
2. Axiata Group Berhad (AXIATA)
3. Genting Berhad (GENM)
4. Hap Seng Consolidated Berhad (HAPSENG)
As I have always mentioned, when a stock is oversold, it does not necessarily mean that it is a good time to enter into the stock right now. If the market trend is still generally down, it is hard to beat the trend.
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