Progressive may rally after closing at its highest in more than a week. If it stays above MYR0.235 today, traders may opt to purchase the stock - with a close below MYR0.225 as a stop-loss. The price target is MYR0.275, if the MYR0.255 resistance is broken. However, the stock could trend lower if it fails to stay above MYR0.235, while the downside risk will increase if the stop-loss is triggered.
Congratulation on picorp holder. Will pass Rm 0.3 very soon . Once exceed than sky is d limit especially waiting for d 6.5 sen dividend approval. For those that like small cap like picorp, pls take a look on greenyb. Also high potential but risk slightly higher.
Greenyield recent financial qtr result is impressive with excellent rev and profit grow. I suspect d grow is contributed by rubber plantation biz expansion. To sustain the top and bottom line grow in current qtr is the key because their past record is not stable. If rev can exceed rm 17m and profit exceed 4m then this counter will fly to the sky else cut lost if performance is not impressive during the June end announcement. This stock might continue rally in short period due to the recent qtr result is so.... Gd.
someone big is holding the shares.. as u can see when it is 0.23 no one is selling and it is quite stable as investors or long term investors who sees the value are holding.. its the same situation right now,, its hovering around 0.28 to 0.295 as there are many investors still holding the shares, wait for it..... it will shoot up above 0.30 soon...
Mometum will go on for a few days or even a week. Look at the chart and you can already see a historical pattern. I think will huat until close to 0.35 until next correction. So can def go up another 15-20%
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....
Tan Peng Chuan
33 posts
Posted by Tan Peng Chuan > 2014-03-19 22:11 | Report Abuse
the business is quite unstable. Recently gt any new contracts?