still not late guys.... you may consider to move your investment/tradings & enter healthcare/glove counters while it is still at bargain price now... you can see the volume & trend is showing signs of potential uptrend & very bullish move after operators disposed their O&G shares since today morning...
@DavidBilly Pk no worries buddy, no need 2-3 years... will recover sooner than that for the price u bought... u can see profit still... but next time just learn from the mistake... start to learn how to read the trade trend when operators & sharks are manipulating & driving for profiteering... and also on the overall outlook on the nature of business a particular companies operates on.
you idiot...you should die by misleading newbies into your plan...careplus??? after the price went up so much you still want them to give in to take the risks...we'll the crap he setup this weekk
@armadatuah2017 so you want all the retailers/newbies to get eaten bigtime by operator or sharks ? climbing on a stock without solid biz fundamental in 2020 ?
@armadatuah2017 simply look at your language & weak emotion control... control it, an important character/composure every forex/stock traders need to have... i'm not even promoting any specific company stocks & merely reminding the newbies/retailers on the danger of O&G and strong biz outlook of healthcare throughout 2020.
@armadatuah2017 i encourage healthy contest, discussion and debate on our differences on trading but not by calling on other forum members here "stupid", "dumb" or any sort of profanity words, thanks.
Businesses are resuming. Oil prices are recovering. And at this price this stock is a bargain. Market sentiment is also shifting away from gloves. Volume is there. Im aiming for TP 2. All aboard!
if you look closely at Crude futures you can already see USD50+ per barrel in future years.
of course hopefully today will drop to 10 sen for sharks to make money.
must feed sharks otherwise they go extinct
ha ha ha
Posted by gnath_77 > May 19, 2020 1:40 PM | Report Abuse @howl88, TP 2.00 ? seriously ? do you want to reconsider and give a more realistic target price than fantasy target price.
Agree with i3lurker...this is just a temporary correction which is balance and healthy for the share price ...as long as the demand for oil is growing ..this company will reap the benefits
Brent oil price continues to rise gradually from our main waited target at 36.00, which represents the recorded top in the last month, pointing that the price gets positive signals by the EMA50 and stochastic, to support the chances for surpassing the mentioned level and heading towards 37.10 as a next main station.
Therefore, we wait for more of the upside moves in the upcoming sessions, taking into consideration that breaking 34.60 will push the price to begin an intraday bearish correction before the resturn to the upside again.
The expected trading range for today is between 34.00 support and 37.50 resistance.
The expected trend for today: Bullish. After Raya even more BULLISH
@i3lurker indeed it will if Crude Oil hits above $110 per barrel... this is possible with more oil rigs shut as of today & possibly some oil-wells may never be able to recover to restart production (those O&G engineers knows better as oil wells tend to get damaged or get highly water contaminated if they remain shut down very long, and also depends on climate & other geological factors). However, it will take time as the demand will be nowhere close to before pandemic as many countries have started new norm in 2020 (working from home, less air travel with many corporate travel also cancelled and moving more to virtual online deals, less vacation outdoor, less shopping outdoor while more to internet based shopping, limited movement and etc... and possibility of 2nd wave covid as u must remember this is a very contagious viral strand than H1N1... this also considering with a hope Saudi won't start the price war again with non-OPEC as they still want a huge market share in Asia... let's continue to observe... i am closely watching every sector and movement as well both from NYSE, Hang Seng, JPX, SGX and SSE as i have shares there too... in KLSE i will enter high volume on Velesto, Dayang & Serba-WA (warrant) if i deem it is the right time to enter O&G...
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....
nicholas99
9,914 posts
Posted by nicholas99 > 2020-05-19 12:02 | Report Abuse
resistence is 0.16