JAKS RESOURCES BERHAD
KLSE (MYR): JAKS (4723)
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Last Price
0.135
Today's Change
0.00 (0.00%)
Day's Change
0.13 - 0.135
Trading Volume
589,000
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Asengkianjoo
618 posts
Posted by Asengkianjoo > 2023-09-14 13:18 | Report Abuse
Don't worry, as long as there's quantity, there's posibility of moving up further . this is how a technical man read the current trading mode
price can cheat you , but the volume can not . the operator got to pay a high price to do so
high volume with a sustainable price is a good sign
all technincal man with all the wonderful indicators at the beginning will eventually come back to volume analysis . beginner look at the price , veteran look at the volume
retailers are quick to take profit because of the general believe Jaks is cash starved sinking ship, but as observed ,the support at 0.2 is very strong , this is a good indication that operators are accumulating at low , but washing out the retailers who want quick profit and increases their accumulation cost before the final push up to harvest . the news of the 10% acqisition is still a main factor for us to see the significant changes in price
how Jaks improves its cash flow ? fully paid up the loan is a common sense , to a business man , as long as we see there is increase in revenue and net income with new project and reducing local loss is good enough for a long term story . we do not need to awit for 5 years or more because the market is always smarter and reacted faster than any rational mind can dictate.
what we hope to see ? better revenue, improving net income , reducing losca loss . cash flow is not something that can not be improved but just a matter of time to see it vanishes to nowhere
how about the trend ? as seen clearly in my 4 hours chart , the short term uptrend is still intact with EMA20 creating higher and higher low .
how about the strength of the trend ? The MACD continues to suggest a uptrend, but showing signs of diminishing strength.
how about the banker energy as shown in the homily chart ? bearish sentiment as short energy surpasses the long energy
what is aseng trading advice : do nothing but if there is better thing to do , then do it. nobody stop you
why ? the banker is still though diminishing its appearance in the chart
this is how I read the price performance and the sentiment of trade . good lucks