When the dust is settled down, all goes back to Fundamental. Technical is just for indication, that is tracking the past "history" and predicting the "future". In fact, TA is not so sutable for stock that is not so liquid and small capitalised stocks. Fundamentally this stock is deeply undervalued. Waiting for good catalyst for upgrade.
Look at the Candle Stick Spinning Top.. After a rise become uncertained... and last Friday closed 1 sen lower than opening, was a bearish Spinning Top... Most of the Spinning Top will follow with a correction downward...
If you don't know, go and Google lah...
How old are you now? Since you never heard of Spinning Top, I think you must be quite new in the market.
This forum is for sharing and discussion, there is no right and wrong answer. This is share market which is so dynamics, even same theory/TA/FA, there are differences interpretations, that why there are buyers and sellers taking different positions. Anyhow, not a single theory and method suits anyone, all depend on investor's risk appetite. Do your own research and make your own judgement with FACTS & JUSTIFICATIONS.
GOOD to hear different opinions and noises in this forum, which is useful for stock analysis, and to learn investor's behavior and psychology...
Share market investment and analysis is a combination of many factors, TA, FA and psychology, it is so dynamics... SO investors should not BLINDLY follow any theory and BOOK. A top lecturer and profession does't mean he is GOOD investor...
In stock market, An investor is emphasized on FA, future prosper of the stock/business, that is why Warren buffer seldom talks about TA, e.g. the support & resistance on stock's daily movement. Trader is more concerned on TA, daily stock's price movement. Finally, syndicate/speculator is mostly concerned on "player" psychology and "pasar" news flows. This is so called NA (No Analysis). 13/04/2020 1:02 PM
Posted by uptrending > Apr 13, 2020 10:49 AM | Report Abuse
Look at the Candle Stick Spinning Top.. After a rise become uncertained... and last Friday closed 1 sen lower than opening, was a bearish Spinning Top... Most of the Spinning Top will follow with a correction downward...
If you don't know, go and Google lah...
How old are you now? Since you never heard of Spinning Top, I think you must be quite new in the market.
Market rebounded strongly and KLCI crossed 1400 pts following the global and US strong's rebound. The market has passed through the 1st "recovery phase" from recent sell down. The next phase is "Reality phase" with the reporting sessions coming. During this reality phase, those with good fundamental stocks will tend to out perform the market. Look out for Muhibah for it catalyst to explore.
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....
uptrending
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Posted by uptrending > 2020-04-13 08:43 | Report Abuse
Candle Stick Spinning Top also don't know!