No matter how witty we are in general, there are certainly some points in time where we yearn for directions, especially these days when we are in this highly volatile market and had just experienced the lowest volume turnover in Asia since February this year.
Volkswagen and Porsche had suddenly plunged nearly 20% yesterday after the German carmaker admitted it had rigged emission tests of diesel-powered vehicles, we can clearly see that on the Core Dashboard view that these two stocks top the highest drop in 1D % change (in the auto & component sector):
What does that mean to the Asia automobile stocks then? Volkswagon brand power may take a hit, in which consumers may start to consider other brands and it could potentially increase the market share for these names in Asia (below). We can see that most of them are flagging green positive signals below, highlighting to us the hidden opportunities in these stocks:
We see from the Core Summary that one of the biggest Korean names Hyundai Motor, for instance, has a positive performance recently and that an OTAS RSI ( – ) signal just fired upon yesterday’s close, which on average generates about 4% return over the following 20 trading days with a fairly high success rate of 70%.
Remember that you can always get access to all of the above information easily by going to the Express App, where we would highlight to you the top stocks in your watchlist, or the sector/region you care about. Most of you have already got the App on your smartphone but for some of you who haven’t done that yet, here’s the link again: https://apps.otastech.com/express/
Hope this can bring you some degree of serenity in your trading hours these days.