Next support at 0.77/0.78. If this is breached, then 0.755 would be next. If this is also breached, then could expect price to fall to 50-day EMA of 0.68. There should be good support at 0.65 after that. Next week will be crucial. Market is likely to crash if hot money does leave Malaysia.
foreign fund bought asia's stock and push it high because of QE cheap interest on loan they borrowed from bank to buy shares, now Ben wants taper QE and increase interest rate, so it's logical thinking for them to pull fund out of asia.
don't make it like this is a speculative stock....buy 0.8 sell 0.81..come on...you don't invest like this. This is a solid stock and it will not dissapear overnight
yes crawler, it has strong fundamental,but market now seems will correct further and will look out for any chances to re-enter at lower price :) Ben & Sendai also under my watch list.
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....
EeTyng Chai
54 posts
Posted by EeTyng Chai > 2013-06-19 13:19 | Report Abuse
no Volume... no fuel... no power ler...