thanks lion for handsome profit since early Nov, will come back soon, sold all holdings

been collecting all the way down since last week, 3rd round, ave 5.4

unless market gap down different story

short term can buy below 2.60 and tp at 2.80

petrol/diesel retail price from oct to dec only drop 2 wks and uptrend for the rest 10wks

petrol station operator will make bigger profit buying lower price and sell at higher price, they will ride additional profit all the way retail price uptrend

in uptrend retail price not only petrol station owners make more money, refinery will make more profits too

the crackspread is the margin between input and output but in msia selling price is under gov control, if the crackspread margin is small but when gov set the retail price higher, refinery will get additional margin at petrol station

tp rm8 remain in 3 mths

went to lioind since .31 sold 2 round profit, that it jumped higher high

so i came here bought 1.30 after the anti dumping news out bcoz it still not gap up, then it follows the rest

earn paper profit 7c today

made 5 figure profit here : )

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SuperPanda re enter .44-.445, .50 sure will come back
19/12/2020 7:58 AM

SuperPanda dumb dumb hold
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SuperPanda ave .31, pls go higher
29/11/2020 6:20 PM

rm3 soon, wait

masteel will have RI soon, out of cash, can trade for sentiment or if want to wait RI, ready to sell OR or subscribe, got free warrant later

i bought lionind since .31, can check my comment there, 2 round of profit : )

just in time
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SuperPanda those wanna play game, buy some and see where it goes, you are not buying at the top, risk is small now
23/12/2020 1:28 PM

those wanna play game, buy some and see where it goes, you are not buying at the top, risk is small now

pang72 wants to buy lower and earn 2nd round

if he not interested to buy back this counter, he will be gone already

Those hold on margin that has been forced sell should have exhausted and today no more gap down, good indicator

Will collect back slowly

HY is creating support and i think the continuous selling has reduce. Tomorrow is last day trade for the week, we’ll see where it will stay

re enter .44-.445, .50 sure will come back

this past few days not only o&g down but whole bursa, thats not a sector sentiment but bursa sentiment with blue chip and banks also drop

look at bursa chart, its a correction rather than downtrend as chart still shows good upside trendline

those sold refinery and o&g this past few days while oil price continue goes up will rush to buy back next week

lucky me im bullish on o&g and keep buying when people cut loss and sell

but if you already ride big profit and its drop, just set your stop limit price to secure your profit from become lesser at your appetite

as long as profit, then its consider another winning trade, which is very good

when its downtrend and stay at support, that mean operator still wanna support the price

if support broken, and then break another support, and it hits your limit, just cl and move on while the loss is small

trading is easy if you know the technique

ha ha.. no wonder you dont make money here... i have locked 5 figure profit and still earn

TA and FA is different approach, combining them another approach...

when i said looking at the chart, its not about the FA, its the TA... trade what you see not what you think.. this is the 3rd time i mentioned.. but you will never get bcoz you dont want to put aside your ego and learn
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Sslee https://www.tradingview.com/symbols/NYMEX-D1N1%21/
haha those keep mid term should re visit 2016-2018 HY chart, going up from 3 to 18 not happen in a month, its a year period on the way.......

Do visit above link on what is the crack spread in year 2016-2018

those keep mid term should re visit 2016-2018 HY chart, going up from 3 to 18 not happen in a month, its a year period on the way oil price uptrend from 35 to 80

as long as oil price uptrend, HY will be solid, the retracement and pull back did happen between the uptrend so thats normal

many kena trap but the game still on, my tp rm8 sure can hit, but need patience

sold .49, thanks lion, 5 figure profits here, will come back later

gloves dead cat bounce, moderna vaccines FDA approval will push it down again

wrong, HY will make profit when buy crude oil at cheap price and sell retail at higher price

crackspread is the margin between crude input and output, the rules as below

1) -ve margin
happen at downtrend oil chart, buy crude high and sell retail from high to low retail price

2) low margin
happen at sideways oil chart, buy crude and sell retail at evenly same price

3) big margin
happen at uptrend oil chart, buy crude low and sell retail at uptrend selling price (if price at pump continue increase, thats the indicator of bigger margin)

the next catalyst of oil price is just around the corner !
________________
By Thomas M. Burton and Peter Loftus
Updated Dec. 15, 2020 10:00 am ET

The Food and Drug Administration said Tuesday that the Covid-19 vaccine developed by Moderna Inc. is “highly effective,” suggesting the vaccine could soon be added to the arsenal against the pandemic.

relax, another new ride when moderna vaccines approve by FDA

17th dec is the date

dont curse ahpang, he now in genting casino.. hope his cards play it right, full house..

17th dec FDA review on moderna vaccine, same like Pfizer 94% eficacy, oil market will get another booster so do genting casino.. huat together

haiyya ahpang, after sold dont pour dirt in other people rice bowl, if you wanna buy back just wait for retrace or correction, dont be a sourgrape like the rest,

later i ask 44 hy holders to curse you and you will be suey for few months

ok good for you, no wrong to cash out real money rather see it on screen

i have set stop limit to ensure my profit, but as long as the rally have momentum, i will hold

i dont target high, rm8 for 3rd round good enough

haiyyaa.. ahpang left already.. have to make new friend now

wait until FDA approve on moderna vaccine on 17th dec, oil will break usd51

oil will continue uptrend, retrace is opportunity to collect

sooner retailer and operator realize, they should sell gloves before it further drop and move to others, refinery is one of the best place to goreng

market is ahead of fundamental, some gloves rallied 1000% even before the real profit reported, so it will drop before the real decline is happen

once vaccination reach 60% of population, covid case will reduce >50% and gloves demand will reduce, supply bcome excess, asp lower, higher raw mat and less margin

refinery profit will be at peak at the middle uptrend price and when US the most weaker than RM

sslee,

ive been reading Tsvetana article at oilprice.com for many many years, unfortunately it never ever help me to make money at oil counter

have you ever did?
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Moody’s Sees Brent At $45 In 2021

By Tsvetana Paraskova - Dec 10, 2020, 12:00 PM CST

definitely have one.. i buy some ave up also lar join the buying party

people sell tech stock, sell gloves, tech and gloves stock drop, where the money goes?

sslee is a book investor, very good knowledge but make no money in stock market, might still losing and continue

already said many times, “trade what you see, not what you think”

what you had seen ?
1-covid19 cause oil demand drop
2-aviation 6% consumption cannot fly as usual
3-major oil losing money, people losing job
4-stock price drop

what you see now?
1-Pfizer been approved by UK, CAN
2-USFDA going to approve in a matter of day
3-Moderna by end month
4-Sinopharm used by UAE and Sinovac by Indonesia
5-Vaccines brings hope to people back to normal
6-Futures trader buy more oil at higher price, price uptrend
7-Oil stock react to oil price, chart uptrend, trading vol increase significantly, operator jumps in pushing price higher to trap retailers at high again

did market see the crackingbuttspread?

got re-union here?

happy to see all will be coming soon, the most happiness is when you already parked at rm3..

and the most funniest is when that one person didnt buy at rm3 talking abt the crackingspread and see the price going higher and higher (quietly said petron is better... so what the hell he’s doing here?)

very very near now, dont be late
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SuperPanda FDA approve vaccine, brent break 50, hy break 7 again

finger crossed
10/12/2020 12:01 PM

FDA approve vaccine, brent break 50, hy break 7 again

finger crossed

dumb dumb hold
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SuperPanda ave .31, pls go higher
29/11/2020 6:20 PM

Biden says “1st 100 days will be 100m vaccinations” after speaks with Dr Fauci.

Its gonna come for real. Buckle up.

Today FDA review Pfizer, on 20th Moderna. Welcome to vaccines sentiment.

Oil price will be dancing when FDA release its approval. Stay tune guys. Buy at retrace below HH is safer than buy at 52wk ATH. For me below 6.50 is good entry point those wanna join ride for short term.

Wish you all the best!

“The key for oil demand is to get the pandemic under control by the summer travel season,” said Jay Hatfield, CEO at InfraCap in New York. “You’re going to have some bad Covid headlines, but every bad Covid headline seems to be paired with a good vaccine headline.”

Oil is little changed after its recent runup to a nine-month high
Further gains in oil prices will largely be dependent on how quickly vaccines can be made widely available to the public. The U.K. became the first western nation to start Covid vaccinations across the country, while a peer-reviewed study on a vaccine developed by the University of Oxford and AstraZeneca Plc showed it was effective. Ahead of a widespread vaccine rollout, the standout demand recovery in Asia has provided a bright spot for the otherwise depressed near-term consumption outlook.

“For demand to continue to pick up, a big part of that is going to be travel and an open economy,” said Peter McNally, global head for industrials, materials and energy at Third Bridge. “That goes back to vaccines.”

oil price is another trading platform, got shark, manipulator, hedge and many sort of thieves too, no need to aim too far, brent break usd50 and stay above that already good till 1QF21

the volatility is the nature

most o&g is now trade on sentiment only due to long due sleep and riding on vaccine approval sentiment with hope covid will sllowly dissappear

just ride with the sentiment while it hot

ha ha, good one ahpang !
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pang72 Rm3 kankang spread no good..
RM4 kankang spread negative

Rm6. 60 kankang spread is tipu.

Rm10... Kankang spread back to positive.... Hahah..

The game as usual!! No change
07/12/2020 12:16 PM

dont be a fool, do you think i will keep this counter till next qtr to see whats the margin look like?

thats another 3 mths away !
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Sslee Haha SuperPanda
once FDA officially approve both vaccine, oil price will continue rally and brent will break usd50

at usd55, hengyuan might hit 10 already

source: 2016-2018 Hengyuan chart

Do you know what is the crack spread 2016-2020?
07/12/2020 11:56 AM