This counter is hopeless. Boss apparently not enough money to support the price. PP at RM1 and now the price is below the PP price. Who is so stupid to subscribe to the PP? Now this counter is for trader to play contra only. Investment? There are more better choice out there.
Seacera 7073, case study for academic purposes using "Cause & Effect "and Fibonacci principles to determine the support /resistance points
CAUSE :
Started from 92 sen to 166 sen and back to 92 sen and rebounds.....
EFFECT :
How high can it rebounds to from 92 sen ?
Using Fibonacci principle .... the calculation is (166-92)x0.382+92=120.268....meaning 92 sen to 120 sen is the bear region..
(166-92)x0.382x0.382+92=102.8...meaning 92 sen to 103 is the bear-bear region...
(166-92)x0.382x0.382x0.382+92=96.12 meaning 92 sen to 96 sen is the bear-bear-bear region.
Until yesterday, 99 sen is at bear-bear region, at normal market condition , once it breaks 103 sen, it will be heading to 120 sen to complete its Natural Rebound before ex WC..is it going to happen that way ? we just wait and see.!
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....
JadeSchira
544 posts
Posted by JadeSchira > 2017-09-14 11:08 | Report Abuse
Hope today got positive news