It's just a short-term correction after the rally. Today and ytd's drop comes with pretty low volume, not strong enough to call it a reversal yet. With its impressive improvement in fundamentals backing it at the moment, turning 0.6 resistance into support will not be a problem, give it some time :)
Next quarter result will definitely be better. Below 0.6 is a grab for now. Just wait till end of May and we will be rewarded more by then :) happy trading~
L&G has been, in the past months, performing well and expected to do better in the next 2 to 3 years Price hitting RM1 is not a dream. Just b e patient and u will be rewarded handsomely
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....
HJey
1,368 posts
Posted by HJey > 2014-04-23 11:16 | Report Abuse
Cytew, LA holders already gained more than 100% if they didn't averaging up
World Cup not a worry. This is opportunity to average down your fundamental stock. Dividend should paid between June-July
Don't expect any dividend from L&G