with reopening of all sector, the coming quarter result will be interesting to see how far Ptrans could go, the best is yet to come, now just appetizer. Remain BUY call.
with down jones tumble again tonight, it is interesting to see how far bus can gostan, the bad is yet to come, now just begining, remain look see look see
• Following a drop in its share price from RM0.635 in February 2022 to as low as RM0.52 (-18%) in March 2022, PTRANS has formed higher highs and higher lows since then to reach a 2-month high currently.
• We believe the stock will likely strengthen further on the back of positive technical signals arising from: (i) the rising Parabolic SAR indicator, and (ii) the MACD histogram gaining bullish momentum.
• Thus, the stock could rise further to challenge our resistance levels of RM0.76 (R1; 13% upside potential) and RM0.84 (R2; 25% upside potential).
@tksw, are you suggesting the managing director doesn't know what he's doing? :) He has obviously heavily invested his time and money into this business for long term gains, through capital gains and regular dividends.
It appears, at least to me anyway, that he remains very positive about the company's direction and future and backs that up with substantial purchases of the company's shares.
moneySIFU, I lari kuat kuat last time the price 726-730 like that. after that bus gostan kuat kuat and come out with a mini bus again, recently oni buy some after it go up hill and drop back.. now lari all again... look see look see now. market veli bad... bus like to gostan. and now the pp fella can anytime throw their bus ticket... may be they want more, but the market veli bad...
The video is by Double Sword. My personal view is it is looking a bit tire at current level. Prefer to enter when the handle is formed. 63.5 should be a reasonable support. I also agree with unclelimhuat & looking forwards to a better QR.
Yes. The persistent buying by the MD is great. Hope the current price can complete its consolidation & form a strong platform for the next advance phase.
Volatility in the market will be the norm for now.
I've taken a quick look at the chart and technically it looks like it might take on 68.5/69, then perhaps a slight pullback for consolidation.
Slow and steady with consistent consolidation is the way I like to see a stock move and so far this one has almost been a textbook play of that scenario.
I have been consistently buying since 2021 October. my average price is around 0.62. to me, this is a real gem. the dividend is high and considering there is growth expected in next year when the bidor station complete.
I also attended 3 sharing from the top management throughout these 2 years organised by rakuten. Big thanks to that I am really confident with this company prospect.
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....
tksw
12,831 posts
Posted by tksw > 2022-05-05 14:58 | Report Abuse
Kimpau sifu, today you bot my s ptrans or not? kakaka