If 0.99 support is broken, it will trend towards 0.93. If 0.99 holds, then another tech rebound could be on the cards. In any case, the stock is still weak and is best to let the dust settle further.
If the 3Q result is worse than 2Q, more and more investors will further lost confidence on this counter and throw away make the share price further dropping...
sure worse than Q2 la, if not sai lang already, the question is how much worse? and will it recover? if you still thinking about Q3 results, you are outdated la, smart money is pricing in Q3 now, and Q4 and beyond is the key
I will wait for the coming qr out 1st before decision. if the chart is down trend, what ever the price you buy, it will be expensive later due to price become much lower.
Noni Where are the promoters now? wahahahah? 05/10/2016 09:40
may be no more money to support the price....even the directors also scared to buy to support his own company...and we "ikan bilis" so strong to go against it?...
TS management owes an explanation to the public on their current and future business prospects. Just cannot sit quietly with these anxiety negative news hovering daily thus far. Come on............. unless TS management is also partly involved in the sell down.
The next 2 TPs to monitor on this downtrend are 0.93 and 0.87. Be careful not to be guided by the oversold position in the stock as there is a fundamental change in the stock.
TekSeng was only 40 cts last year when Emily Mah Phooi Lai talked about it. At that time few bothered. Now many have unknowingly boarded this hot air balloon being carried to holland.
calvintaneng Calvin warns wahaha,
Cheap is a dangerous relative word for a balloon stock whose fundamental is suspect.
It might still fall below rm1.00.
And later crash all the way back to 50 cts.
So be careful of buying into falling knives. 28/09/2016 16:12
calvintaneng wahaha,
1. Whole world in recessionary trend. So sales will contract. Tekseng already retrenching staff.
2. Hanjing shipping collapse shows less shipping demand for goods.
3. Tekseng was pumped up due to solar hype. Now in overproduction everywhere.
4. So how can such lofty prices be sustained?
It was Pumped up like flying balloon. Fly up the sky today. So it must descend again.
Do You GET it? 28/09/2016 16:24
calvintaneng Better sell all Tekseng shares before it breaks Rm1.00 barrier.
Once broken again you may not see Tekseng above Rm1.00 for a long long time again.
So get out and get out Fast!
Then?
THEN GO AND BUY SOME BPURI SHARES WHILE STILL CHEAP!! 30/09/2016 08:47
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....
kelanajaya2
87 posts
Posted by kelanajaya2 > 2016-10-04 15:59 | Report Abuse
totally no sign of rebound... waiting to die...