this stock tipu me last quarter,open high then drop one,bought at 45cts and cut loss at 40cts,then drop to 36cts.me dare not buy already this counter,that Johor goons control one.beware
Momentum indicators such as RSI and stochastic are hovering around the overbought territory, suggesting a possible retracement. More notably, yesterday’s candlestick formed a bearish pin bar which suggests further selling pressure ahead. Support levels can be identified at RM0.400 (S1) and further below at RM0.360 (S2). Conversely, should the buying momentum pick up, we look towards RM0.465 (R1) and RM0.560 (R2) as resistance levels.
I've noticed desperate sell down due to pre-budget announcement.. Don't bother to chase.. Just queue on low price.. 0.35-0.38...you might get to buy low
Without the EPCIC profit (parked under COGS hence why it was positive), 2Q18 result would have been negative RM4mil. However if you take out the forex loss of RM11.7 mil it would still be a profit of RM7.3mil.
Core profit should be around the RM7mil level for 3Q18 but it all depends on what will the forex gain or loss be.
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....
snwong13
720 posts
Posted by snwong13 > 2018-08-28 19:24 | Report Abuse
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Result released