The momentum rely on the trading volume. The trading volume obviously became weaker. Sometimes weaker volume is good sign to stabilise the price because not many people thrown the stock and cause the price fall deeply. I would say for last Friday closing price still stood at 0.195 and long queue to buy. As far as the price stable and keep above 0.19. It is safer to enter. Let see next monday trading direction, if the price continue show uptrend for next trading. It is a good buying sign.
PICORP is profitable and always pay reasonable dividends. It has a good and clean balance sheet: high amount of cash and current financial assets, and little borrowings. What makes it even more attractive to all shareholders especially outside minority shareholders, there is no dilutive exercises such as issuing of ESOS and PP which unlike many other companies are liberally doing. In addition we don't see directors and major shareholders selling down. What is appealing to shareholders, the company is in the right biz of laboratory testings and environmental services.
pari57...mmg aku x beli pon.. just tgk org rmai dok sembang counter ni mcm nk LU last2 kne tipu.. ksian.. haha kelakar lg nak buy for long term..malaysia ekonomi drop bro.. u think for long term value now? dont buy penny stock now for long term.. malaysia in crisis.. wan long term & good divident go buy 1ringgit above counter better for now.. strong compny for sure
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....
Winner_Master
116 posts
Posted by Winner_Master > 2021-06-19 23:46 | Report Abuse
The momentum rely on the trading volume. The trading volume obviously became weaker. Sometimes weaker volume is good sign to stabilise the price because not many people thrown the stock and cause the price fall deeply. I would say for last Friday closing price still stood at 0.195 and long queue to buy. As far as the price stable and keep above 0.19. It is safer to enter. Let see next monday trading direction, if the price continue show uptrend for next trading. It is a good buying sign.