as long as you still look good (long) this counter, i believe that share price will down further, share price will up until we starting to look bad(short)....
Sentiment getting better...as long oil can sustain not volatile...at this price producer can make money..then there will be work for UMWOG and share price will move accordingly.
we need more good news and contract for this company especially to clean the huge debt to run away from the pump and dump.
spike without good result cannot maintain the price level, somemore the amanah throw 7 million share to the market, the share price become more liquid unless someone can lock the share. 7million share!! who want to lock it.
stock market is all about demand and supply, a tickets without demand is sure drop.
downtrend continues.. based on chart history it will drop until 28-30 cent before going uptrend again.. just sell it first and buy again at lowest price.. this pattern repeating.
It's very normal share price will drop after a sharp increase, because impatient investors will take profit ( or already achieved their expected target). But oil price is going up, and the trend is strong, so there is still room to increase.
And it's very usual fund will buy in again. AT least EPF like to do that.
Amnahraya has an upper hand , selling n pumping along the way ; previously was buying n selling in reverse , thus u had seen the reversal trend lately. As long as u r unperturbed by the selling n buying activities , holding for a certain period , u may see appreciable result later.
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....
stopbombing
1,440 posts
Posted by stopbombing > 2018-01-12 11:09 | Report Abuse
three reason why it will rebound tomorrow?
i give you three reason why it will drop yesterday.