Unfortunately, This share is losing every quarter so badly, the rights issue will only serve to pay directors more yearly. Do not get involve as this is not a good buy.
Next month, this company will announce its Q2 result. In this quarter, a lot of their rigs were chartered. If this Q2 period still cannot be profitable, it's a wake up call to all the supporters here.
Im not a die hard fan of UMWOG but I think it is safe to buy in at this level.... I don think it will dip further .... at least this counter much more better than KNM, Perisai n Alam ....
While Malaysia continue to see big investment from China in some core infrastructural area, it is also important to note that some Malaysian counterparts too have big influential development in China. If you still do not know what are the big developments in China that is owned by Malaysian businessman, then you should open up your eyes once again to know this company potential involvement in China and it's big development in the tourism sector.
So this company, is none other than the sensational hit of 2017 - Dataprep.
By now, I will not go about what is Dataprep doing, what will Dataprep will doing and where will it be doing. I think I had gave out more than enough data concerning Dataprep, and the rest is up to you to do your own reading and research.
All I can tell you that at the crucial point where I had identify and share with you about Dataprep, it is lingering at a lowly 12 cents. Yes!!! It is just a freaking 12 cents!!! And I continue to inform interested investor to take position at anything below 30 cents back then.
Lo and behold, I don't know what happened to Dataprep until it hit a high of 70 cents, and I have to tell you that I had nothing to do with that - seriously. But one of the thing I did is, I did not ask anyone to run towards Dataprep and grab it when it is flying too overly high at that point of time. I only recall me telling you about the potential and goodness of Dataprep when it is 12 cents, 20 cents, and the last being 30 cents.
Now, as the price of Dataprep consolidate, I am here again to share with you that this might be a good price to take position in Dataprep.
Today, I will talk more about technical charting of Dataprep. Here, I will look into 4 important points, - a long term support line - a mid/short term support line - a resistant line - consolidation in terms of price and volume.
The red color line is a long term support line. I had drawn it from the start, touching the base of the whole up trending chart. Today is the defining moment, where the long term support line had finally touch another upper base of the price chart. If the uptrend continue to be intact, then Dataprep will be continue to trend upwards, and not violating the long term support line.
Now, I will support my chart with another mid/short term support line, which is highlighted in blue. As you can see, the blue line is formed at the higher region, after the major spike. This mid term support is important to show that the entity holding substantial stake is still in the game, and not selling out.
Then, as I already form a good judgment on the support base of Dataprep, looking for a good entry into Dataprep will have to see the intersection of a resistant line and a support line, which I had highlighted in Green Color. The intersection point resemble the best potential point of entry into Dataprep as there will be heavy interest in technical traders looking for big rebounds when there is a strong breakout.
Finally, in order to confirm your decision, it is important to know if the consolidation is ripe or not. A good consolidation will see a price holding at a certain price level without much volume being transacted. For this case, Dataprep at the price range of RM 0.40 is proven to be well consolidated technically.
Putting all of this fantastic 4 factor together, I could be able to sum up that Dataprep might be in a good position for you to invest, trade, or increase your stake. As you see, I am not someone that will ask people to buy when stock are flying up, but I will ask you to take note when the stock is sleeping, consolidated with low volume but still with greater potential. For this case of Dataprep, I will let you decide on your course again.
As you can see, despite the flat financial performance by Dataprep in the latest quarterly result, the company share price had been holding good. If by any chances Xi Jinping will touch on Genting Secret Garden during his visit in October 2017 at the official opening of Xiamen University, then you will know what is going to happen.
NEW YORK — Oil prices jumped almost 1.5 per cent on Wednesday, extending gains after a U.S. government report showed a bigger weekly draw than forecast in crude and gasoline stocks along with a surprise drop in distillate inventories.
A recycled oil producer' revenue has been double as compared to corresponding previous quarter mainly due more orders from its customers and export to overseas.
Its share price current at 12 Sen only lower than its Par value of 20 Sen . trade at your own risk and cheer !!!
Quarter after quarter the results gets worst and worst. Management must be horrible and don't put your money on this share. The rights issue will serve the pockets of the directors only.
oasischeah Quarter after quarter the results gets worst and worst. Management must be horrible and don't put your money on this share. The rights issue will serve the pockets of the directors only. 22/07/2017 06:52
Management "must be" horrible? Pls rephrase to management is pathetic
i dun understand why are there people who still keep supporting this counter. rly dun know where they get their hopes from. as someone who knows the management himself, i cant help but to laugh
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....
zzzzz
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Posted by zzzzz > 2017-07-19 15:49 | Report Abuse
The problem is Bumi, Sapura, Waseong n Unza pricees are.above 0.50 some even above 1.50... UMWOG is lowest among all ...