Random Trading

Jaskita - Another Robert Tan's stock on the rise!

Random Trading
Publish date: Fri, 15 Aug 2014, 08:54 AM
Too dumb to be an expert, too green to called a veteran and certainly not an insider. what's left..... RANDOM!

Disclaimer - I'm too dumb to be an expert thus all the contents of this blog are just my random thoughts and may be incomplete or contain any informational errors. It is certainly not recommendation to buy or sell. You'll be responsible for your own decision. Please consult your investment consultants before making any investment decision.

 

Chart : Jaskita daily chart as of 14 Aug 2014 (source: ChartNexus)


When I last posted on Robert Tan's staple the other day (GPA & Marco - Tan Sri Robert Tan Hua Choon story may not end yet!), it is my mistake to left out Jaskita. Well, most of the time this counter was traded with little volume thus not really an exciting counter to monitor. May be things will change this time. Yesterday the stock saw some 5 Million shares traded and close 1.5 sen higher. 5 Million might be too little to mention for most of the active stocks but it is certainly significant for thinly traded stock like Jaskita. 
Like most of Robert Tan's counters, Jaskita has been rising steadily from around 14 sen to 21 sen yesterday. The immediate horizontal resistance line is 21.5 sen which is just above yesterday closing. Thus I believe there is a high chance that the counter will break the resistance line and probably stage for a good run in next few days. Volume is always the key to breakout so if the counters able to stage a bullish breakout with significant volume then it might be a good buying opportunity. Unlike many active goreng stocks that losing money, Jaskita is actually a fundamental sound company with consistent earning and dividen. Thus it is interesting to see whether the tycoon has any plan for this low profile counter. Stay tune!

Discussions
1 person likes this. Showing 4 of 4 comments

Kelly Chin

this is my first share bought...holding it for almost 3 months, i was really shocked to see the price for these 2 days...too drastic...is this unusual? kind of worry...

2014-08-15 20:46

Ameera

Mind to share, why you buy then? :):)

2014-08-15 20:50

Random Trading

@Kelly Chin : personally I don't think you should be worry at all. In fact looks to me like finally this counter has a breakout and probably there will be some kind of catalyst announce soon. You should be happy that your investment paid out. Today it breakout 21.5 sen with huge volume thus I believe there still room ahead. Watch out for the 21.5 sen support line for this counter. If it can't stay above this line during future correction, then you may revalue your options then. Congrats to you!

2014-08-15 22:02

Kelly Chin

thanks ^_^

2014-08-17 19:29

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