@mushroom agreed. That if perusing through the Technical Charts as appended here. > SMA 10,SMA200,MACD,RSI and trading moves not supportive of the stock price. >the SMA 10 has crossed the SMA200 line on 29 Mar 2021 at 0.57 cents and from there descend and fall to the lowly price recorded yesterday 0.42cents. >EPS,ROE not attractive, and P/E ratio very high at 280 when the P/E for the market is at about 18-20.
Outcome: so long as the forward earning streams(every quarter) is not visible the present price will move within a narrow range.Show, and share with us the catalysts that can move the price. Otherwise, it is a wasted hope, hoping for the price to increase. Charts : https://www.malaysiastock.biz/Stock-Chart.aspx?securitycode=0162&mode=1D
too many people selling. price cant sustain longer. for sure its gonna take a few months before can break 0.54. look at today volume come in, reach 0.455 and selling pressure again.
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....
johndow
166 posts
Posted by johndow > 2021-05-21 13:26 | Report Abuse
129M Water Treatment Plant --
https://www.theedgemarkets.com/article/widad-subsidiary-gets-rm129m-contract-upgrade-water-treatment-plant