the price for this counter comes down from RM 5.00 on 30-10-23 to the lowest at 42 cts on 13-05-24. Its NTA on 29-02-24 is roughly RM2.19. The analysts' s projection for the target price is RM1.85. If these are true data, it is a good time to buy now. on this coming monday, I will try my lucky to acquire some shares for medium investment.
Why SC n BURSA didn't take action when the co didn't disclose or fully disclose big contract involving co assets? And why Yu still holding office amid forensic audit. He should take garden leave.
TRYING TO BREAK 0.60. If failed, wait for next attempt. After that, next attempt to 0.70 until 1.00. Then will cover the gap down at 1.73. May take a long time for the dust to settle down. If it settle down or it may go to dust. Still a long way from its majestic high of RM5.
When price falls to historic low level, it's good time to buy . The probability of higher price rise is greater than dropping further, especially its value has dropped 90%. Risks is always here in Bursa whichever stock you choose. Even buying PBBank also lose money.
Expect profit taking as it has gone up too fast to touch 0.70. No strength after touching 0.70. Should be range bound .0.60 -0.70 before trying to break 0.70 to next tgt 0.80. Otherwise it can consolidate below 0.60..... buy at own risk
hope can close above 0.80. Since it has moved up so fast, there are bound to be heavy profit taking as contra sellers unload. Hope all the sellings can be absorbed for next tgt 0.90 to 1.00.
@jameskk, plse promote salcon in salcon forum. Don't expect us to believe it will fly to 0.2. one month ago, you predict the loss making HM to hit 0.40, now still at 0.10. You try to badmouth UWC when it was 3.00 and I bought n make a tidy profit. Actually I make profits from those shares you badmouth and will not buy the useless ones that you OFTEN promote.
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....
muzammil80
7 posts
Posted by muzammil80 > 2024-05-21 12:19 | Report Abuse
managed to sell it at 0.525 this morning..😁😁😁