Outside look nice only, inside all rotten to core. Terrible operating cash flow and balance sheet that get worst year by year. Debt keep piling up. Not sustainable, its just matter of time before all hell breaks loose. High potential to be next YONGTAI or LONBISC.
Bearish engulfing candlestick formed after touching critical resistance at 1.49, with strong selling pressure & slumping indicators. These factors likely to drag the momentum towards 1.36
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it looks like pestech not going to win the bid LSS3, if you compare the price movement of other listed bidders i.e. cypark, osk and chinhin (via solarvest, may not win as well, ACE listing keep delay)
Comment: can add Pestech in the watchlist. Can start monitor Pestech (now at 1.30)closely. If buy now, expected some risk/probability it might go down a little bit. However, price might go up whenever from now. This is not a buy call, investors please do your own research.
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....
BigPro
688 posts
Posted by BigPro > 2019-07-09 15:24 | Report Abuse
Take profit first and will come back later....