Looking at it from a technical perspective, an inverted hammer has formed yesterday, which should have a good chance of breaking the current minor downtrend
Nope.. It's been set with bullish signals with big green bar as confirmation on yesterday for an uptrend. Profit taking a little bit today. That's normal.
Another thing that I forgot to mention, Muda Paper is earning about the same amount per share as NTPM while at the same time is selling at more than RM 2.
No worries my friend.. NTPM is a defensive stock. I tend to agree with Ayam Tua (Hi AT, didn't hear from you for quite a while), that people still need to use the jamban regardless of good times and bad..
Somemore, earnings are good (Previous quarter's almost doubled, remember?)
I'm really sorry, I'm not too familiar with that, so I'm afraid I can't give you a proper opinion on it. I do see that it is in the construction industry, so fundamental wise may need to watch out as it ties very strongly to our economy.
Technical aspect wise, look at RM 1.08 as the near term resistance to cross for EconBhd to continue its uptrend. Else the uptrend may be questionable. Hope it helps.
As usual, that's just my point of view. I may be wrong.
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JamesBond0007
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Posted by JamesBond0007 > 2016-01-28 10:56 | Report Abuse
Looking at it from a technical perspective, an inverted hammer has formed yesterday, which should have a good chance of breaking the current minor downtrend