I already see the chart.Monthly oversold but hooking up,weekly oversold but hooking up.Good sign.I dun expect drop dramatically along the price recovery.These counter a proxy to play due to Covid 19.I set TP above rm 3.
Luckily I sold some at RM1.62 on Friday and change to Mah Sing at 43sen. Mah Sing went up 3sen today. Sold some today at RM1.59. Will try buy back at RM1.50 tomorrow if price down
Why sell and run if you go in at below 1.50? Must look at the positive feedback of this counter. This counter got nothing to do with covid 19 and lower crude price will benefit them. At the moment the company financial is in green and a good dividend stock. Just my opinion and buy /sell at your own risk.
This counter is a hidden gem. Despite not achieving it's profit targets since its listing, it has never made any loss. At the present price and it's cash holding, it's still very much under valued.
Plastic PE price go up another 6% today ....so far, almost 40% increase. And raw material ethylene from petroleum drop. Bigger margin for LC Titan next quarter in Sept. that’s why Fund Managers rushing to buy
This is a defensive stock in my view with limited downside. Upside might not be as good as other counters but I wanna sleep well through all this uncertainty. Apart from this, what other stocks can you really buy now that is not overpriced.
Just sit tight wait. Worst case you get your dividend which is already better than bank FD.
Dont worry even if it doesnt fly just relax. it has gone up 30% plus. Every stock needs time to stabilize after going up or down a fair bit. Its the nature of the market. Let demand and supply adjust accordingly
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....
Lucky81
495 posts
Posted by Lucky81 > 2020-04-20 14:27 | Report Abuse
Next week will see the huge correction.