if break 0.80, the next resistance would actually be 1.20 february is gonna be an interesting month as it had break the ascending triangle of the monthly chart
Calvin - yes I do agree that the future does bodes well for the company with the expected population growth and its venture into the O&G sector, which will be their key driver of revenue growth. So, the potential Petronas contract will be a further boost to their revenue.
Posted by psd57 > Jan 22, 2014 03:23 PM | Report Abuse
Dont get too complicated, just the resistance and support level, is wht we asked. No need to get into permutations and all the blah blah !!!
Answer: the day you realize the simplicity of what I've previously posted is the day when one will not trade anything that moves but patiently waits for the high probability moves to sufficiently develop before taking the plunge. The stock will act 'correctly' upon your entry.
'The money is in the sitting and waiting. Wait till the factors are in your favor before making the trade' Jesse Livermore
Anyway, the price and volume action on the recovery rally leg to .65 indicates more upside to come. This rally may not be exhausted yet. Hold out for higher prices
Stockinvestor, that's hardly regarded as dropping. Price is near high and it's consolidating nicely.
At this moment, the price and the volume action has yet to indicate that this phase of the rally is over. I'm staying fully invested and have not sold a single lot
Wait for consolidation. Its either today or next week will consolidate, then catch buy every 5sen down. Because this stock will hit RM1 soon, but b4 that wait for it to drop a little.
With a vested interest, I can ask you guys to continue chasing it but honestly, a few of us are already planning an exit strategy. With so much hype and noise, fence sitters are being lured in now. My advice, you don't have to be a hero. You'll have another chance. Let it go and have a merry CNY
Having said that, I have not sold a single lot yet as the price and volume action thus far justifies to continue riding this stock.
Not sure how much new traffic they will enjoy but I did remembered Jeffery Cheah blaming the traffic consultants on the bad advice given for the poor performance. If they had built the toll plaza on the ramp after Cheras perdana to bdr Sg long (and not after that towards Kajang), they would have capitalize on the tremendous traffic volume of Sg long and bdr mahkota residents.
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....
Joel
4,580 posts
Posted by Joel > 2014-01-22 21:41 | Report Abuse
Potential OG contracts sure got until 2018 i think.
SILKHLD sure get benefit fr Petronas's contracts.
Solid increase the price day by day begin today.