the price almost touches the overbought upper trend line. It will either little price up or go toward south within these 2 days. hold or sell decision must be made now & next 2 days. Suggest to buy back later, upside possibility is still very high. This is after HengYuan & PetronM & followed by this counter. Let see which counter is the next after this counter. my 5 cents input.
umwog no sell oil la, only drilling and seervice, oil price no business with him some more long time no profit and need to pay debt. take profit is fine, will the money return to umwog? then is the question.
oil price plays a role, services is not required as capex for co like petronas is not expanding or worse will be put on hold for exploration as cost of the activity does not makes a good return shall the price of CPO is too low
stopbombing: umwog no sell oil la, only drilling and seervice, oil price no business with him some more long time no profit and need to pay debt. take profit is fine, will the money return to umwog? then is the question.
O&G business not must they selling oil & gas only.. all the related is the businesses
last minute dump n pump n volume shall be 85 mi compared with those who bought at higher than 42c -46c around 250 millions. Not likely to fall further coz more buyers appear on support at the lower price . Sharks are roaming to seek more opportunities. May be sharks are shortings at 41c in order to push as far as they can.
We are sure many of you are stunned by the sell off today.
But according to TA, the selldown today has exactly hit the golden Fibonacci retracement level of 38.2%. According to researches done, stocks that are in uptrend will very likely rebound after retraced until 38.2%. And today, it touches exactly at 38.2% = 0.41.
We expect a rebound coming in tomorrow. Furthermore, with crude oil going up and up at more than $63, what is there to worry about?
Furthermore, we have closely observed the sell Q of 0.41. It was a scary six digit q (more than 10 mil lots) at 4.50pm. But in the last 30 seconds (at exactly 4:59:36pm), huge buyers suddenly emerged to eat up all those 10 million Q to end at 90485 net buyers waiting at 0.41. Do you think normal retailers can do all of these just in the last 30 seconds? Surely the funds are behind this to manipulate the sell down and then buying them back before staging a rebound tomorrow!
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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....
dompeilee
11,888 posts
Posted by dompeilee > 2018-01-10 12:22 | Report Abuse
SOLD my UMWOG stuck since Oct @ 35.07c avg at 45c this morning :)