Ooi, Carimin, not a solely oil explorer. It does contracts for Petronas and others. So crude oil.price does not really affects its performance. Refer to ilovehits recent comments. I may buy more at lower prices.. Ilovehits, should we collect more at 40c and below. Thanks for your kind advice.
THIS COUNTER HAS BURNT A LOT OF PEOPLE. KUALA LUMPUR (Nov 29): AllianceDBS Research said Carimin Petroleum Bhd (Carimin) had on Nov 28 gapped down to a low of 33 sen before closing off the day’s low at 34.5 sen (down 2 sen or 5.47%).
In its evening edition yesterday, the research house said Carimin continued to trade below the 20-day (blue) and 50-day (red) moving average lines.
“The downside gap indicated the urgency to unload stock position.
“Following the down close on Nov 28, the stock is likely to move lower again with immediate support at 32 sen.
“A fall below 32 sen should see further price decline to the subsequent support at 29 sen.
“The hurdle is pegged at 36 sen. A rise above 36 sen would lift the stock to the next resistance zone, 40.5 sen – 42.5 sen,” it said.
AllianceDBS Research said stock volume traded on Nov 28 was 2.82 million shares compared to the 3-month average volume of 5.99 million shares.
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....
bear_hunt
39 posts
Posted by bear_hunt > 2017-11-14 16:40 | Report Abuse
Better sell. 40 sen coming?