It has started the new cycle and I think Phase 1 cycle was completed at the high of $0.525 on 21st April 2020.
It has formed a Symmetrical Triangle lately and I am anticipating PohKong to break above the Triangle in near future. The volume dropped in line with the consolidation lately.
Now it is at the level that traders can consider to enter as the Cut Loss level is near to the uptrend line( $0.46)
I am expecting PohKong to break above $0.48 to try its immediate resistance at $0.51, a successful penetration with volume it is expected to try its Triangle Downtrend Resistance Line at @$0.53/$0.535 In the near future.( Very Strong Resistance at this level).
A breakout above the Triangle with volumes it is expected to test it immediate Resistant at $0.56 & possible Target of $0.60.
A show of weakness if break below $0.46 and I will take my losses if $0.45 is violated.
GOLD starts to stable at USD1750 per ounce. Gold momentum remains bullish due to worldwide central banks are keeping on printing money. Poh Kong share price will up as well.
faster boom faster eat back...boss need very hurry, he afraid this weekend the worldwide goldprice hit to 1800per oz, then monday to late to goreng....myview only ya
Tomei latest quarterly financial result is 2.89 cents due to the higher profit margin. Poh Kong mostly performs better than Tomei, next month result should be good as well. Agree, this month end can hit USD1800 per ounce. The profit margin is even higher then. Time to fly Poh Kong, hope at least 20%. Huat!!!
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....
Value888
623 posts
Posted by Value888 > 2020-04-28 10:16 | Report Abuse
market go up & down, keep gold, buy Poh Kong.