qwerty,if based on my past experience, normally a company with good financial result will try to press down shares before shot up to north. I am very confident with my investment. Your advice is added incentive on my confidence. Thanks. qwerty, let's start harvesting start from tomorrow,cheers.
Shiaobao10, pls read previous comments from qwerty
qwerty LB Alum - close 80sen. EMA support 0.765 Bollinger support: still positive. short term: still bullish. Verdict: Tomorrow's support at 0.795, breaking down this level, 0.765 will provide stronger support. Daily chart is in between high and low. Trading indicators are low but has not hit underground unlike IJcaobs and ZELAN. This means that price likely to stay around this level 0.765 - 0.84 a little while (est. within 3 days) before rising up again. 20/08/2014 23:01
This means show could be coming only next week, you may try to buy on your own risk, but buy low please...within this level 0.765-0.78 if lucky we have it, else 0.78-0.81 (quite high price though..)... but who knows if next week it's up breaking to 0.90 :) hehehe...
Qwerty, may i ask u a question? I think basically u bought share based on chart. Is it possible big player trying to create unfavourable chart to frighten those holder. My experience tells me if a company going to declare excellent result, normally will press down shares with stable volume before announcement. Skpres fulfills my prediction at the moment cos insider news told me result will be very good.
Hi qwerty, how do u study the chart if a counter is still new ? Min info / history available? Btw, thinking of switching Handal-wa to either ifca or arank. Any thoughts?
ok, qwerty, accept your comment. different people will have different strategy. Actually, I am a fundamental investor and heavily invest in cyclical shares like alcom, vs ......, my strategy is invest a good company background but profit is affected by cyclical business season. I always invest heavily and start accumulating if the said company declared less profit or one off loss or imoairment loss.... due to cyclical reason,I managed to collect alcom,vs.....at average price 0.69 n 1.29 and keep it with dividend while waiting for rebound in year 2013.Althogh it might be not so aggressive like u but harvest it when what so called securities firm analysts start giving good rating on it.
what I want to learn from u is your TA. since I like invest heavily in cyclical stock, I wish to combine ur analysis with my knowledge and experience in order to have lower entry price. once I determine a cyclical shares I will use average down with more n more aggressive way. for example, allocate 50k on 1 cyclical stock,20% in beginning when announce at least 2 quarterly profit reduced or loss which is not operation related, and then slowly accumulated n the final bet which is normally 30 to 40 % when recovery signal has been given. so, yhat time I am able to collect near lowest wiyh average price. Anyway, mulpha is my current targerted shares n become my top 3 holding now. your TA is needed in order to help me to learn more n upgrade my knowledge.
i just check d chart, likely they will pressed it to 0.765 before rebounding. Very stingy counter, suddenly shoot uyp and then snooze... I have sold all already, can't wait for it as there are so many good stocks around to buy. IFCA surge.... very good %
Today buy some 0.79, lower my cost to 0.8362, still a bit far compare with market price 0.79, ai, think need to hold it long, become long term investor liao ....
Check again, it may turn up if it wanted too. Its ready to shoot. Today could be the last day down, but discretion is in the owner's hand. 0.765 as mentioned earlier last week and now, is the EMA immediate support. Likely they will press it down to 0.765 and start to rebound from there. As long as starts to rebound, we don't have worry about resistance. It will go up and up. If breakout 0.845, heading towards 90sen, breakout again 1.00
LBALUM is a potential company , dont worry the share price. For long term will go until RM2.00 before end of this year. Mid term 1.20-1.50 before Q2 report come out.
As i see it..agreed wit qwety about the purposely press down of many rise up conters to the lowest support level ..then push up slowly so that people get scared to contra or to play short term trading..so also happen to lb ..lb sure break .90 again
qwerty, skpres look super good, matched 500 lots skpres @ 0.585. Final dividend is going to be announced soon. What is your TA telling you, 1st resistance in what price? Thank you.
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Posted by chickmonk > 2014-08-21 16:13 | Report Abuse
lbalum new high tomorrow or monday!!