EG Industries may experience further weakness after dropping below the MYR0.87 level in its latest session. Traders may expect further weakness if it stays below this level in the near term, with the next support levels anticipated at MYR0.81, followed by MYR0.76. The stock may move sideways if it recovers back above the MYR0.87 level. A bullish bias may kick in if it surpasses the MYR0.95 level.
PE 8 counter and EPS 30.88 but is only trading 90+c , fundamentally strong n recommended by stock gurus. So no mistake in keeping for future potentials...
KeepMoving, I will choose to believe 2016 still good for export counter. When oil price drop, it will benefit oil consume country like China, Europe and US. But it harm oil producer country.
So I believe USD will become stronger compared to MYR. But it is just my opinion.
You can check other counters like HEVEA, LIIHEN, VS, SHH, CAELY, FLBHD, GESHEN, etc. Please do your homework.
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....
power88
1,588 posts
Posted by power88 > 2016-02-15 13:11 | Report Abuse
when can go back RM1?