buy don't wait, ! if going down buy but what important is next quarter result.l'm new I just buy at price 0.86 .hope can go back to 0.70-.80 buy some more
This counter has no holding power. Better don't contra else will get burn. Was hoping it will break rm0.90 but no, now worse, down to rm0.82 level again. Not sure what is the focus of business going forward ... Property or Renewable Energy .... Either way, has yet to actually gauge significant positive returns for the next few years to come. I will rather put my bets on EcoWorld and Air Asia on better management team ... Ha ha ... Just my personal opinion
This counter is a well managed company. The company enhance shareholders' value through Innovation and Technology. Currently the company PE is at 5 because all their new businesses are at their infancy phase. For the last 2 years the company had registered an annualised net profit growth of 20%. If it can maintain the same performance very likely it will attract many fund managers and improve the PE to 8-10.
For traders the current price is at 82.5 sen a little over the EMA 10-day of 82 sen. All short term up trend still intact. Anything below 82 sen will see more selling pressure. Looking at the volume at friday's closing against the previous day, the profit taking activities should subside now and more bargain-hunting interest will push up the price to the resistance price of 90 sen. If that is not the case sell the stock at 81.5 sen.
making trading mistake is normal. what is not normal is you already realize you made a mistake, but still continue to live in a state of illusion and ride the losses like a champion.
Bulls again showed their strength in late minute buying activities to push up the price from as low as 80 sen to 82 sen in the last few minutes before closing. This clearly showed that the smart money traders are accumulating and supporting the stock from going below the EMA 10 days. The counter loss a tick and market participants remain uninterested to take any position.
Buyers still very reluctant to bid the price higher than 82 sen to stay along the support line of EMA 10days. This weakness continue all day untill one hour before closing when the price dip to 80 sen (major suppor level for 4 consecutive days) and settled at 80.5sen at closing. Mode is now bearish and EMA-10days is starting to be flat and non-trending. We need more good news as a catalyst to drive the price up with strong volume. Trading volume continue to deteriorate and current price weakness is due to weak hands playing the market at this moment. Any price below 80 sen will be a good buying opportunity for new traders in the market.
Those who entered high above 0.855 obviously taking high risk. Once price drop below 0.85 and vol keep decreasing, its an obvious weakening sign with no big support. Recent drop even breached 0.80 and reached low 0.785 and vol gets lesser as well. Might have more downwards movement if no big players re enter back... as cny holiday next week.
Lol.... when i say DJIA = DOW JONES INDEX AMERICA? A lot newb easily kena conned nowdays. Read properly and don't jump into conclusion so fast.. pls do own homework 1st..
When research house/newspaper write up nice target price...don't follow blindly. Do research, chk the news, market sentiments, stock price & vol movement , etcs. Fitters is a good fundamental stock but must be careful with the entry & exit price timing. I've bought and sold several times in this Fitters with good profits. Can read my earlier posting. This stock need big players to move up. Good luck.
Good that the company is going into property but need to know location of their land bank to assess the marketability. Going forward, property will be a tough sector with all the new restriction. This may dampened interest especially so if the launch is not at favoured locations. I would rather look at counter with existing huge land bank at preferred locations.....look at MAICA
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....
jackytheman
356 posts
Posted by jackytheman > 2014-01-15 10:02 | Report Abuse
Profit taking ???? down down now