Furthermore, the purchase of the fintech hasn't approved yet as the share's price determined at 0.31, if the price has gone up 0.40, then a lot of questions will being asked!
Rotational play with a specific reasons will definitely fire up this counter but require a bit patient as many funds had stuck after the IPO at 0.50-0.60!
Buy low & wait! Never chase while the price was moving upward, like what had happened recently when the price was pushed up to 0.38 & hang many holders! Patient is the keyword in the current irrational uptrend market! Ones must differential between the film actors & the movie goers!
TP is all depends of the future earnings, if the current businesses are able to turnaround this financial year, then with the newly acquire Fintech will add extra strength to it TP!
let u choose which way is closer to u, resistance 0.325, and support is 0.3.. mostly prefer 0.325, then buying queue now is little bit weak against selling queue, so.. today will no more show? sedania volume still need 2 million more to attract ppl come into this counter..
The aim of buying penny stock with have the potential of turnaround in the current business & even better is its have the ability of acquire new growth business is to make "multiple times of capital invested" in few years'!
Yes. It's possible that one day the counter will move rocketed fast to the next level of pricing as this is the current irrational market trend for 2nd, 3rd liners, but remember also that when the panic selling was being activated, it will also dropped the same quantum! I shall only cut loss when it's drops 25% of my average purchased price!
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....
lachai2004
589 posts
Posted by lachai2004 > 2017-04-26 08:50 | Report Abuse
Furthermore, the purchase of the fintech hasn't approved yet as the share's price determined at 0.31, if the price has gone up 0.40, then a lot of questions will being asked!