1)Nasdaq down sharply at 2.41% (sell off at technology stock) ##today Bursa technology will experience sell off as well and the fund will flock to recovery theme and undervalue good fundamental stock like MMC
2)Instead DJIA up steadily at 0.97% ##US market also shown the fund flocking into recovery theme related stock
3)Based on Supply and Demand analysis, ##03/03/2021, volume at 37.9315 mil and share price closed at RM0.91 ##04/03/2021, volume at 128.7194 mil and share price closed at RM1.06 ##05/03/2021, volume at 61.3491 mil and share price closed at RM1.02 ##06/03/2021, volume at 67.6139 mil and share price closed at RM1.06
those who bought on 03/03/2021, force sell on 06/03/2021, but the share price and volume is up from 37.9315 ,il to 67.6139.....from this layman perspective alone, MMC at super duper in high demand then those bought on 04/03/2021, today is force sell and i personally believe MMC share price will having leg to run up, why ? Psychologically , investor wont wait till force sell to clear their holding (since such a big volume on 04/03/2021), meaning that since yesterday the volume still remain intact and price break 04/03/2021 new high by touching RM1.10 yesterday in intra time
MMC will challenge RM1.20 in near term
4)In investment , few factor to be applied before make decision to buy in ##theme play ##trend ##increase earning or consistent profit in every financial year ##increase margin ##super undervalue ##lower PER compare to their peers ##healthy debt support wth good asset and good cashflow ##consistent and increase dividend pay out ##In economy moat (monopoly or duopoly)
MMC is the stock which fullfill all criteria above and as i always said, MMC is the SUPER STOCK and this year KING of STOCK !!!
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....
John8882020
168 posts
Posted by John8882020 > 2021-03-09 01:54 | Report Abuse
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