Random Trading

Symphny - 2nd Wave in the making?

Random Trading
Publish date: Tue, 19 Aug 2014, 09:28 PM
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 : Symphny daily chart as of Aug 19 2014 (source: ChartNexus)


Symphny share price spiked from around 12 sen to peak at 30.5 sen immediately after it announcement of the propose RTO by Ranhill Energy end of March this year. The share price has seen retreated and hovering around 22 sen lately. After the 1st Wave, the counter took a long time to consolidate. Today the counter rose 2.5 sen or 11% to close at 25 sen with significant volume. There could be the sign of the start of second wave. Immediate horizontal resistance is at 27 sen, if the counter can break this resistance then there is a good chance the 2nd Wave will come and bring the stock to test its previous peak of 30.5 sen. Stay tune and ready to ride the wave!

Discussions
Be the first to like this. Showing 4 of 4 comments

AiryA

today's price increase may be due to quarterly report yesterday - recorded PBT of RM2m+. as per chart, need to break 0.27 to confirm another wave

2014-08-19 21:42

Random Trading

Yup! 27 sen is critical.

2014-08-19 21:44

Tina Khoo

After 20/8 of sudden down ...glad to c it rebounds back today. Hopefully tmr break 0.270 ...till 0.305.

2014-08-21 22:53

Random Trading

20/8 sudden down is mostly caused by the overall sentiment of the market. Since this counter not really run yet so it may still have rooms to go.

2014-08-22 06:59

Post a Comment