Based on daily stick, 0.290 is resistance. but once breakout with good volume, next price is 0.305 and 0.315. With the volume and strong market sentiment, 0.40 is possible.
If don't hv ability to see upside when there is certainly plenty of upside, then maybe shud start seriously reconsidering whether one shud remain in the investing world. Probably bank FD is more suitable for you.
You are another whiner, VK. The type who always find it tough to see the good & the positive in something. I have been here in Perdana forum for many months. Working it up & building it up. You?
So, irregardless of your TA etc. expertise, you still might not have the staying power & the resilience of mind to remain for long. Well, we shall all see.
Yep. Motivation is a big part of it. A helluva big part.
I do not hv the time nor the care for all that TA & other stuff. I'm more about street savvy, market perception, gut instinct & direct experience. More important, you keep making the profit. And serious profit too, not just the occasional chicken feed. THAT is the bottom line. Other than that, it is all just talk, babble & theory.
DreamConqueror: I partially agree with you (for the gut instinct, market perception, etc). By all means, if you have the holding power and you make profit, I'm happy for you. Since you've been here months, you certainly have influence in this forum.
But I am the fresh eye here. I see different perspective. My approach is technical. And my input is based on that for sure.
If this counter pass 0.40 it will rest at ~0.60 before rise again. For the one holding!
Well, I'm not saying that you can never play short term. In fact, if someone bought @28.5 last week, and sold 33.5 Monday, he wud hv made over 16% ROI over one or two trading days. But that wud hv been contingent on sheer luck, basically.
Okay, luck + a bit of inspired foresight, if he had anticipated a sharp jump driven by Perdana's qrtr profit spike, and perhaps Dayang's even much bigger qrtr profit spike.
If Dayang flies to RM3, Perdana wud hv hit RM1. So, about similar ROI, in percentage terms. Mayybe in fact Perdana wud hv touched 1.50, becos when related stocks fly at the same time, the cheaper priced one tends to fly faster, becos it is lighter & more agile. Just a basic principle of nature, as well as normal investor behaviour.
That is assuming Perdana moving at the roughly the same rate as mother Dayang. But sometimes, with stocks, when a rally picks up power, son/daughter stock may start running faster than mother, becos son/daughter is younger, lighter & more energetic than mother.
No hard feelings. People buying stocks are based on PER. That's mean TP for Perdana RM0.40 only based on 10 PER. But Dayang still has huge potential upside, if the TP set around RM3.00-RM4.00.
No hard feelings, but the biggest factor influencing & deciding buying is not PER, but PER-CEPTION. Many guys still make the mistake of believing that it's all about fundamentals. But in reality, the market is at least 75% about perception.
Kid. TP 40 for Perdana? You gotta be kidding, dude. It already hit intraday 34.5 last Monday. Maybe you were too busy thinking too hard to realise that.
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....
sarawakian63
155 posts
Posted by sarawakian63 > 2019-03-01 11:31 | Report Abuse
If 30 sen hard 40 sen no hope?