Bojed. Sifu talking here. Copy this n later you can shove it up yr ass:
1. Big drop n now sideways consolidation 1 - 3 days to be followed by another big drop.
2. Open yr stock chart. There are 2 ways it will hit that 0.47:
Way 1: It will go down to retest 30sep low 0.62/0.63 and rebound to 20oct low 0.69/0.695. Thereafter it will go down to break 0.69 n head towards 0.47.
Way 2: It will retest 30sep low and break this 0.62 low n head towards 0.47.
Bojed. Sifu talking here. Copy this n later you can shove it up yr ass:
1. Big drop n now sideways consolidation 1 - 3 days to be followed by another big drop.
2. Open yr stock chart. There are 2 ways it will hit that 0.47:
Way 1: It will go down to retest 30sep low 0.62/0.63 and rebound to 20oct low 0.69/0.695. Thereafter it will go down to break 0.69 n head towards 0.47.
Way 2: It will retest 30sep low and break this 0.62 low n head towards 0.47.
This where sifu can be wrong. Some sifu only knows TA and doesn't know shit about FA. And this sifu seems to be the case. Full time TA with zero understanding on FA and WHY 43sen jumps to 90 sen. If 20M profit worth 43sen, last quarter report 80M profit and bounced to 90sen.
If profit can sustain at 80M profit, makes any sense to drop back 43sen? FYE23 annualised PAT worth RM320M, put a PE 10 also worth RM3B. Current entry will still give 4X upside la.
But ofcos, those who chase last 2 weeks are mostly TA. Near term can sell first. But don't forget to collect back for long term reward
Sideways consolidation after a big drop. Another big drop to follow once consolidation completed. 1st target 0.62/0.63 with or without shallow bounce. Next target is 0.47.
Is good to sell for now because high shipping rates are already over. All global shipping stock prices also down trend since few months. Seem it will back to RM0.10-0.20
SYSCORP 0.630 +0.08 (+14.5%) Immediate Announcement on Shares Buy Back SHIN YANG SHIPPING CORPORATION BERHAD
Date of buy back 10 Apr 2023 Description of shares purchased SYSCORP (5173) Currency Malaysian Ringgit (MYR) Total number of shares purchased (units) 100,000 Minimum price paid for each share purchased ($$) 0.540 Maximum price paid for each share purchased ($$) 0.540 Total consideration paid ($$) 54,000.00 Number of shares purchased retained in treasury (units) 100,000 Number of shares purchased which are proposed to be cancelled (units) 0 Cumulative net outstanding treasury shares as at to-date (units) 61,409,700 Adjusted issued capital after cancellation (no. of shares) (units) 1,200,000,000 Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 5.11748
Announcement Info Company Name SHIN YANG SHIPPING CORPORATION BERHAD Stock Name SYSCORP Date Announced 10 Apr 2023 Category Immediate Announcement on Shares Buy Back Reference Number SB1-06042023-00003
U see it drop to as low 50 cents.i bought below 55 cents.expect retry 70 cents range.above statemenent only best case snenario. Price:74 cents Downgrade sys to 55-60 cents 1/2/23 12.28pm
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....
LiTech
63 posts
Posted by LiTech > 2022-11-08 10:14 | Report Abuse
Company financial report will be out in 2-3 weeks time. We can see how far can this Sarawak company propels to next level.