at this level, quite hard to decide whether the uptrend has finished. not sure whether operator is releasing their stocks or flush away weak players, today is t+3, may be it will up again next monday
whether it is uptrend or downtrend at the moment it really doesn't matter. Most importantly the company must perform in its financials. Investment criteria could be short term for example 6 months period. We need to let the company perform to show solid financial results for us to reap the gain and interim dividend (if any).
It is not about buy today sell within 3 days. It is about the potential earnings the company is able to achieve moving forward for the financial year 2019.
Give chance to the Company to perform and show its financial results, it will eventually reflects in the share price. While technical analysis is important, it only serves as a guide for short term weekly trading.
puntters, your theory only apply on long term investor or tycoon like warren buffett. For short term players, TA is always come first. there are always pros and cons btw short and long term
thats the problem, if we tke 6 mths to wait as example, spending 70c vs spending for 30c for others but 30c can give better return in %, that would give a headache
as long as can earn, dont too stress on other stock rise higher and you do a wrong selection. Even you are a long term investor, you dont buy in any price even the company prospect is good. i.e TopGlov, prospect is always good, but do you prefer buying at 6 (4 months ago) or buying now at 4.5?
All rising stocks will have to go through some correction and retracement along the upward journey. Mflour is no difference. The good news is that the current price level already retraced Fibonacci 50% and it tested the strong support level at0.735 and rebound May be on its way up again
How you know the operators are clearing and selling and not pushing? You know the operator? If not, it will be your own speculation with no basis because u made the statement merely based on your observation through volume and price movement.
Are you the touch and go contra traders hoping to make a fee thousands? I would prefer you understand the prospects of MFLOUR and assess to invest. Otherwise, by using your trading limit to make fast money is a form of gamble in share market. If yes, you should visit Genting. Hahaha...
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....
Huat1
2,509 posts
Posted by Huat1 > 2019-03-15 15:00 | Report Abuse
Don't miss the coming wave if you missed the previous one