The sharp rally over the past couple of weeks has taken many by surprise. Investors have been left wondering if this rally has further legs or whether this should be viewed as an exit opportunity, especially in the beaten down midcap and small cap space? We do not foresee midcap and small cap indices to challenge February lows as the current rally is at the early stage of a major up trend. We recommend investors to start accumulating quality midcap stocks to ride the next leg of major up move (~30% from hereon). We expect bouts of volatility to persist in the run up to General Election 2019 which should be capitalised as an incremental buying opportunity....