kinfatt999 , you think i3 small ikan bilis can make market collapse?
when petronm drop from 7 to 5 in few days, retailer the 1 holding the most ... they no cut and pray for rebound, insider include big funds the 1 selling.
PETRONM (Stopped Out @ RM6.47). Recall that we had previously issued a Trading Buy call on PETRONM back in 23-February, after the share price staged a technical breakout from its ‘Ascending Triangle’ chart pattern then. Unfortunately, the shares have undergone a tremendous sell-down (-24.8% since our issue date to RM5.35 yesterday) after they reported a rather disappointing earnings report card. All key momentum indicators (MACD, Stochastic and RSI) are trending south strongly to lend a hand on the bearish technical picture. As the share price has met our conservative stop-loss level of RM6.47, we are forced to stop out from the stock. Meanwhile, interested investors who are looking to accumulate on weakness should be aware of catching the falling knife at this juncture. Instead, they could look to enter at a more compelling level near the RM4.50-RM4.56 (S2) level. We strongly advise investors to look for a convincing technical rebound from the aforesaid support level before entering the 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....
hng33
20,342 posts
Posted by hng33 > 2016-03-01 09:06 | Report Abuse
Moving UP