whenever price move down unreasonably do not panic ask yourself: 1. is fundamental business doing badly? 2. will the company continue to deliver result and expected dividend payout? 3. is there any crisis/war happening? 4. how is local and global economy doing? 5. what is your cut loss position?
trust your findings instead of influenced by trading movement 😎
DXN Holdings Bhd, an interesting counter. Financial Analysis - YoY net income +43% - YoY EPS +43% - ROE 27% - All too impressive, but of course the price doesn't reflect these figures.
So, it goes down to Technical Analysis: - Base formation at 0.615 - 0.625 currently as support - 10MA is gradually crossing 50MA, we want this go even steeper - So when thinking in probability, there is a high chance that the price can be pushed further up, provided the volume is robust (>10M shares traded on a given day)
Always think in probability, but the probability for an upside is high for this counter.
MLM does not appeal to many generally. However so long the company can grow consistently and report higher profit, the share price will catch up eventually. Meanwhile just sit down and enjoy the good dividend..
yesterday volume was not good enough to perform super bullish run retracement is expected anyway... uptrend signal is confirmed expect more funds to join in to push up price in short term (provided US market does not experience STEEP correction) 😎
tomorrow is public holiday can foresee today will face selling pressure normal to see retracement it happens to majority counters today confident to see continue uptrend with higher volume 😎
According to Section 7.28.1 of the Prospectus, DXN is facing non-compliances with land use and express conditions on land titles in Kedah and has shut down at least some of its Ganoderma cultivation and processing facilities.
I wonder about the extent to which the fear of Ganoderma in the plantation industry, perhaps we may call it Ganophobia, affects the current share price and future share price prospects of DXN.
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....
TiffanixLVxHermes
269 posts
Posted by TiffanixLVxHermes > 1 month ago | Report Abuse
whenever price move down unreasonably
do not panic
ask yourself:
1. is fundamental business doing badly?
2. will the company continue to deliver result and expected dividend payout?
3. is there any crisis/war happening?
4. how is local and global economy doing?
5. what is your cut loss position?
trust your findings instead of influenced by trading movement
😎