I'd bought 204,500 PCCS-WA on the morning after the results were out. Weighted average cost of RM0.0585 as I bought at both RM0.055 and RM0.06.
Sold earlier all 204,500 PCCS-WA at RM0.15 as I believe this may have run ahead of the fundamentals and that was a good exit price. More than 160% net returns in one month.
I still believe PCCS is good for the long term. Should it cool down once more below RM0.10 levels, I will buy again. Good luck to all present and future PCCS shareholders!
PCCS Group Bhd forms bullish "Flag" chart pattern Mar 29, 2019
This bullish signal indicates that the stock price may rise from the close of 0.445 to the range of 0.530 - 0.550. The pattern formed over 12 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: The price seems to be resuming a sharp rally after taking a brief pause. A bullish Flag pattern occurs during a dynamic market rally, representing a brief pause as the market "catches its breath" before running off again in the same direction. The pattern consists of two parallel trend lines, often sloping downward against the prevailing uptrend, and is confirmed when the price breaks through the upper boundary to resume the rise.
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....
bjgdila123
3,470 posts
Posted by bjgdila123 > 2019-03-21 09:49 | Report Abuse
0.40 sudah