Based on the chart.. Perisai has been beaten down quite extensively. Me opine the recovery may be around the corner once the contra traders n forced sellers are absorbed. Gudluck everyone.

Hmm.. are you sure guys? Naim has been dropping like crazy since the last spike last week. Its prudent to assume.. something is not right? Just a friendly cautionary advise..

Hmm.. poor performance today.. again. You guys still hold?

• Due to the low volume n based on the chart. I opine Pantech is in consolidation phase due to weak oil prices amid oil oversupply concern on the upliftment of sanctions on Iran. Monitor closely for opportunity to buy on weakness..

• Calvin.. what's yr view on what happened to Naim today n also yr opinion on Monday onwards. Thks.

Also do note that due to the sudden spike yesterday.. many peeps have decided and many still deciding to take profit or not today. Market makers so far decided to just stay passive while accummulating the selldown. Furthermore, today is Friday with quite a weak market sentiment..

The problem is.. oil prices still retreating. And when the Iran sanctions upliftment become reality.. make your best guess then. Monitor n trade wisely. Gudluck everyone.

It should have gone up further after hitting 2.89 strong resistance early in the morning session but u-turned and dropped aggressively which looks like due to force sellings and panic sellings coupled with profit takings. And yes.. monitor closely for the opportunity. Note that this is a fundamentally sound company and its P/E is still very low of about 2.8 only. Also note that Dayang's price has also been improving..

Klsetrader.. sorry. Yes, I still monitor Perdana eventhough not as frequent as before since I've ady exited completely n hopped into Naim's boat a couple days ago. Neeway, chartwise, Perdana looks good with consistent supports n may still continue to move up. However, I do agree with Kenanga.. to take profit when possible since it has been on the uptrend for quite some time whilst oil prices barely managed to hover above 50. Always monitor closely n trade wisely as O&G counters are still risky at this juncture n yes.. for Perdana's case, MGO is still a street talk. Just my 2 cents n gudluck everyone.. :)

Wow!!! LOL

Well done Naim.. in the top ten gainers today up 19 sen @2.83 with buy queue still intact. Favourable for uptrend indeed..

Looks like its already started. Currently, Naim.. 2.80 reached.. with heavy volume. If broken and sustained, next to reach is 2.84.. absorbing the contra players..

Calvin.. thanks for sharing yr opinions. Looks like Naim has been on the uptrend leg since the past few days and with heavy volume recorded in the morning session today..

Good performance today with heavy volume (tripled the average) and managed to hit 2.66 n close up 3 sen (buy queue @2.63 still intact) in spite of heavy selling pressure today which is quite normal when an upleg phase has just started. May expect for more uptrend tomorrow onwards..

Oil retreating.. 2.5% in red currently..

• Looks like with the continuous selling and the lack of any apparent support.. Naim is still sliding down further and may even drop below 2.40. Today it hit 2.52 while tomorrow it may hit 2.45. During next week's further weakness.. I may decide to slowly buy n hold.. yeah. :)

• KH.. thanks for sharing. Nice award n developments..

Jeremy.. looks like you're right. Naim's price has no support whatsoever and the volume remains unattractive. Trade with care. Gudluck.

• Note that Naim has dropped considerably by almost 25% from its highest of 3.39 since about 5 weeks ago. Unless Naim going to bust soon.. me foresee the price will eventually recover in the immediate future especially when the P/E is very low currently and whatever negatives should have been priced in. Do monitor and trade wisely. Gudluck.

Good support in the end and close 1 sen higher but the volume was low. Also note that oil prices are down about 2.6% while Europe and US Futures are red currently. Do trade cautiously tomorrow.. gudluck.

• Yes.. this is a company with proven performance for upteen years. However.. currently.. its still being enveloped by distribution (looks like force selling) and accummulation eventhough its P/E is already so low. As usual.. do monitor n trade wisely..

• Based on the chart and volume.. coupled with weakening oil prices.. one can expect the consolidation phase has just started. But do trade wisely and monitor closely whether Perdana breach the 1.20 psychological support..

• It has dropped from about 3.30 a month ago and has been hovering near its 52 wks low beaten down price since. Noticed that the price is being pushed down for obvious reasons. Accummulation period should be over soon n eventually Naim may start the recovery motion with icreasing volume. Do monitor n trade with care. Gudluck everyone. Just my 2 cents worth.

With a very low P/E (below 3) beaten down price and Sarawak election coming.. it may be prudent to have a look at this counter now..

Yes. Looks like Perdana may enter into consolidation phase (starting with lower volume observed today) after it has been going up continuously for almost 2 weeks and about plus 25% from it lowest last month. Furthermore, oil prices still retreating lower..

Already told.. "while the oil prices still low".. ;) and good volume today twice the average.
Congrats to everyone on board and hv a pleasant weekend.

Something told me based on the chart n trading lately that a material announcement may be very soon while the oil prices still low.. just my gut feeling tho.

• probability of a mgo looks high now to materialise soon..

Of course its a BUY call:

http://klse.i3investor.com/servlets/ptres/29264.jsp

But do observe the oil prices.. so far retraced down today.. which may adversely affect O&G counters. Trade with care n gudluck everyone.

• Pls observe that oil prices are retreating today.. which may adversely affect Dayang n other O&G counters too. Thus.. trade with care.. n gudluck everyone.

• Sshhh.. :D

• MGO @1.60? Looks reasonable during this low oil prices juncture. Otherwise the price will indeed be higher for privatisation. Oil price has recently been inching up from its lowest of 44 to slighly aove 51 currently..

• Btw, Europe are in deep red now and US Futures too. Brace for impact everyone. Just hope oil prices not retreating tonite..

• Me lips are sealed.. :D

• Dayang may be frozen soon? (hint..hint) .. ;)

Good performance today with high volume (almost tripled the average). Perdana managed to breach strong resistances @1.19/1.20 and hit @1.21 briefly. The support and accumulation were good and managed to achieve +7 sen with buy queue @1.20 still intact in the end. Expect for further upside momentum tomorrow. Gudluck.

You cannot predict when sharks are playing a counter.. anything can happen.. do note and remember. Just trade cautiously and dont be fooled by greed. Always monitor.. gudluck everyone.

Dayang has increased its stake in Perdana to about 30%. Its prudence for Dayang's management to slowly accummulate the beaten down Perdana shares at the current juncture amid weak oil prices (de facto - oil prices will not stay low forever). Looks like there is a high possibility for both counters be suspended pending material announcement soon. Its just a matter of time.. congrats to everyone.

Lets hope Mo is not in Opcom for temporary to assist Mu to make as much as possible before bailing out.. just like Skpetro.. anything can happen in share market.. :(

Mililia has been an avid supporter of tis counter.. sorry for the loss.

As of today, Perdana has surged up in the early session but faced with amounting selling pressures amid weak market sentiments n continued drop in oil prices. However, more buying support and accummulation with high volume were observed in the 2nd session. Perdana managed to hold @1.13 n close 5 sen up; thus, uptrend looks intact.

Note: Dayang has been seen to actively acquire Perdana shares. Good news in store?

A handy article not to be ignored nor taken lightly..

Lol. Uptrend halted today amid weak market sentiments n oil prices still in red. Still good support however @1.08 tho closed 1 sen down with buy queue still intact. Selling pressure has weakened with low volume but looks can be deceiving. Otherwise.. may expect for upward momentum next week. Perdana has sound fundamentals n oil prices will not stay low forever. As usual, do monitor n trade with care. Gudluck n gud weekends everyone.

• if MD or CEO or directors of a company continuously selling their shares.. then you all know what to expect, right?

Good support @1.08 seen today with good volume and managed to close @1.09 up 5 sen with buy queue still intact in the end. Since Monday, the contra players and profit takers have been slowly flushed in spite of weak oil prices. If this trend continues, the likelihood of an upturn and interest are favorable for Perdana. Gudluck everyone.

Note that selling pressure is still strong. Last few days drops usually towards end of the trading sessions. Do monitor and gudluck everyone.

Today.. there are still accumulations thereby pushing the price up in the early session with good volume. Once the contras receeded.. then the price can firmly go up. Otherwise, it will be an "inverted V" similar to the last 2 days. Do monitor and gudluck everyone.

Oil down.. palm oil down.. ringgit down.. GST coming.. wish yer all the best !!!

Hmm.. brace for impact and gudluck everyone..

http://www.theedgemarkets.com/my/article/palm-dives-near-7-wk-low-increased-concerns-over-demand

Yesterday.. there were much accumulation pushing the price up at the early stage but the bear was too strong and kicked the bull and ended up with a red butt. Today the buying wave is much firmer (managed to +7 sen temporarily) but the selling pressure is still strong too.. hindering the advance most prolly due to profit takings. If Perdana can close near 1.10 today, then me opine an uptrend staging is anticipated. Note that Perdana is indeed oversold with a low P/E of 8 plus only and yes.. its one of those fundamentally sound companies.

Looks like Perdana continues to drop without any prevalent support due to weak global oil prices and most prolly foreign funds pulling out too due to weak ringgit..