Astro is like the old time Nokia or Blackberry phone, or search engine Yahoo. Obsolete over time and become irrelevant towards today's demand. No one using anymore.
Overall, 6 out of the 12 analysts tracking Astro have a “sell” recommendation on the stock, while the rest are recommending clients to “hold” onto the shares
1.Astro strongly persisted on a long term down trend and after many days of fall, yesterday on 4th Oct it successfully staged a 1st day bottom reversal technically on the candlesticks chart represented by a tiny green bar.
2.What Is a Reversal? A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside.
3. Hence, yesterday Astro has opened up a golden opportunity to buy at 41.5 sen to take advantage of the theory of bottom reversal.
4. True enough, the buying interest persisted on and the momentum gather strength. The counter closed impressively 2 sen higher with a bullish engulfing candlestick at 43.5sen. 5. Let it be forewarned, bottom reversal is akin to an organism that happens quickly and deliriously that is short lived. 6 Therefore, a transaction with Astro, which is a collateral damaged stock should be a short term relationship with no long term commitment.
7. Take your intra day or contra profit and run. Let it be forewarned.
8. This is my personal observation and trading base on the candlesticks chart and it is not intended to influence your trading method and strategy. Happy trading 6/10/23
In many other countries the senior management would resign. But here still continue to take high salary while destroying shareholder value and make employee life suffer by making them jobless to feed their family. Shame.
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....
speakup
25,219 posts
Posted by speakup > 2023-10-02 21:40 | Report Abuse
1st step
2nd step shutdown airing