Candlesticks chart flag and pennants formation, MACD cross over from above to below the signal line with wide histogram. 2. Moving average and the occurrence of death cross with daily prices falling faster and lower than the moving average line. 3. RSI below 25 4 Downwards flag and daily prices had broken through the pennants
5 All these are the signs and chart formations of PTRB. These are very bearish indicators and you have been forewarned numerous times.
6.This evening PTRB announced less than favorable quarterly result. Market will react and respond negatively. Selling will resume and price is expected to weaken
7.PTRB gradually gliding back to its IPO price of 36 sen is a near certainty.
'8. Jump off the train to lessen the pain.'............lagi sakit hati lo......badan pun sakit.........baik tunggu train stop at station, baru turun, ma.......kikikikikikih
1.Consider yourself smart had you bought the share for 47.5sen in Dec 2022. It was trending upwards and all the way to hit its peak at 68.5sen. There is a 30.6% gain.
2 You can't say the same had you bought it today at 47.5 sen. The reason being that the counter is undergoing and right now in the middle of a major down trend. The worse is yet to come.
3. The collapse in share price over the past weeks clearly explain the 3Q result. Share price move ahead by weeks or months of news and fundamentals.
4 The fact that it bounce back 2sen despite a serious reduction in profit does not in any way alter the bearish candlestick chart. 5.There is no reason to overjoy and celebrate for a counter that has fallen from 68 to 44 and inch up two sen today. 6. Bear in mind, one swallow does not make a summer. In this case it opens up an opportunity to exit at higher price and lower pain. 29/3/23
Just for your information ... That director sold at 0.44 in Sept is not the MD ... MD still hold 71% of share not even sell a single till after March 27 Due ...WE can monitor the report ... and RSI and CMF money movement in market is just 150 million share... float in market ... 150 mill out of 535... mil from 0.685 Transaction volume till today is almost distributed. Enough buffer for my Entry point at 0.4 plus ... Some times we must not only see TA n FA .... unless the company is totally Gone case .... Food business is in recession proof ... every body still need to eat...
After the result announcement and less than attractive financial performance, PTRB will go into consolidation with share price trading within a range in the coming months until the next quarter announcement. In the meanwhile, there is little value to remain invested and nothing much can be expected from PTR. Better value can be found elsewhere. There is value in MN Holding. Take a look at it and think about it. 30/3/23
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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....
trader808
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Posted by trader808 > 2023-03-28 20:34 | Report Abuse
Candlesticks chart flag and pennants formation, MACD cross over from above to below the signal line with wide histogram.
2. Moving average and the occurrence of death cross with daily prices falling faster and lower than the moving average line.
3. RSI below 25
4 Downwards flag and daily prices had broken through the pennants
5 All these are the signs and chart formations of PTRB. These are very bearish indicators and you have been forewarned numerous times.
6.This evening PTRB announced less than favorable quarterly result. Market will react and respond negatively. Selling will resume and price is expected to weaken
7.PTRB gradually gliding back to its IPO price of 36 sen is a near certainty.
8. Jump off the train to lessen the pain.
28/3/23