If can sustain above 215 until close today then probably it will climb up further, lets hope it can break the kumo cloud. The subs of the yongtai is the biggest holder of PA shares with conversion price of 0.8 back in year 2016. They wont convert it now, since they bought it at 0.8. So they have to push the mother price to minimise the gap, in case they want to convert it. Besides, if you look at the chart, the macd bullish divergence can be detected. It is sign of trend reversal. Let see how the mother shares perform this week. We can also monitor the warrant, IF the mother price shoot up to the sky then the warrant can be like dsonic warrant and knm warrant. Who knows right? Just my opinion
And please check on the DBT in your platform as well as announcement, how much million unit the director collected and at what price. All above 0.2 sen.
For additional info, you guys may want to check the new shareholders of yongtai in its new released 2019 annual report. We can see econbhd owner, Pang Sar has become one of the biggest shareholder, Kerjaya prospek, Tnlogis owner, Tasco berhad owner, EPF(not a new one). Dont know what they see in Yongtai, maybe they have some good plan. Let see how they play the show. Enjoy..
Once confirm its uptrend, can consider to average down your cost, 50 cents is too high, Hope the huge volume is really means sth good is going to happen.
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....
phsoowdc500
38 posts
Posted by phsoowdc500 > 2019-10-29 10:46 | Report Abuse
Soli ... 27NOV2019 baru betol....