If no exciting news announced then maybe it will slowly go down... Volume also slowly reduce.... Until no body talk about this counter... And wait for the next quarterly report out..... T.T
PRIVA started to rally up from 0.155, peak 0.245 in just 2 trading days, a tremendous gain of ~60%!! My opinion is that it is definitely overbought, and now is in correction mode to neutralize the position. Will it go back to ~0.15? Likely not, even with the revised downward Q4'14 results, it is still ~2X of Q3'14 and ~3.5X of Q3'13. Whichever angle you look at it, it is still a great result. Good earning, low PE (well, low as with ACE standard), my bet is it will consolidate to +/- 0.20 range, and if the market condition is good, it has high chance to rally up again.
@TylerTan Personal opinion, if you have holding power by all means yes the upward trend is likely to continue into the midterm. For short term, anything can happen as a result of market condition/sentiment
Contra player who bought on Tuesday have to sell by today (Volume more than 130M). Hope the buying momentum will continue next week or even better late this evening.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
xdar
399 posts
Posted by xdar > 2015-03-05 11:08 | Report Abuse
wewe, can share what's the new update? non-members cannot read..