I am no pro, but TA perspective it's good that buyer has came in 2 days in a row (from yesterday) with good enough volume. MACD has yet to cross, but once it touch it should be an uptrend, Target probably will try to break resistance again at RM 3.20. RSI still tells me it has been oversold these past few days
maxpowar is right.. Tguan rebounded.. same like my frontken.. we need to advocate the principle of buying into a fraction of company's business instead of treating it as a lottery ticket!
Imagine if bought tguan at 2.9 and panic sell when seeing it drop to 2.6.. will surely regret..
It would rebound eventually. Just see whether you can hold it, and if you dare, to average lower at the right prices.
For a company with profits continually growing and prospects still good, share price on the long term is only up up up. Of course, short term anything can happen.
terence, wanna ask your opinion - how do we know the right price to average down? by looking at TA? like fibonacci retracement?
What do you think of applying dolar cost averaging principle into good shares, can we consistently buy into shares regardless of the price? like treating it as a unit trust & long term investment.. or it is not suitable to apply such principle on share market?
I am thinking to go into GCB.. the price seems attractive now..
Maybe due to raw material price increased! Currently all plastic producers (BPPLAS, SCGM, TOMYPAK) in down trend... TGuan is great company, let's see how well they manage COST.
Nowadays punters goreng by sector. It used to be GenM,banks,furniture,then they proceeded with O&G.plantation,steel. It’s only matter of time before they come to plastic haha. Though I prefer the share price to reflect company’s value than letting ppl goreng up and down as they cause long term investors to not have an entry point should they decide invest into a company.
@gemfinder “stuck in high price” is non-existent to me as I’m not a trader. As long as company earning money,did not misuse shareholders’ money then I’ll let my fund sit and grow la. Btw why you so angry? Ci hai sin jor ar sei on 9? :D
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....
Snowpiercer
607 posts
Posted by Snowpiercer > 2020-12-02 16:12 | Report Abuse
here it comes again.....