Random Trading
Updates on several posted counters: PDZ, Ecofirs, Cliq, Takaso, Daya, Sumatec, Gpa, Marco
Random Trading
Publish date: Tue, 19 Aug 2014, 10:36 PM
Random Trading
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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.
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 : PDZ daily chart as of Aug 19 2014 (source: ChartNexus)
Refer to PDZ - Sky is the limit!!! , honestly, when I said absolute ride I certainly didn't expect this magnitude of the sharp spike of the shares price. It really caught me by surprise. We are talking about almost 100% increase in less than 2 weeks. Looking at the chart, it is really scaring. What's next? I have no clue. The only thing I know is that what's goes up, must come down!
Refer to Ecofirs - Break new high , after breaking new high of 32.5 sen, the stock keep trending higher steadily. Looks like there is still rooms ahead.
Refer to Is time to 'Cliq' , looks like the counter still unable to breakout its asymmetric triangle. The management hinted in recent interview that the company is zooming into 2 possible deals but nothing concrete yet. Looks like there still be a while before this counter move.
Refer to Takaso - Bullish breakout , after it broke the 30 sen horizontal resistance, the counter steadily move upwards and just shy off is next resistance at 39 sen. As always, trade with caution!
Refer to Daya - 'Reach' for rebound? , apparently the IPO of Reach Energy is not enough too bring the stock higher. This is mostly likely due to the continuous selling by one of the major shareholders. I think the stock will be difficult to move higher than its resistance at 34.5 sen probably until the selling by the major shareholder is done.
Chart : Sumatec daily chart as of Aug 19 2014 (source: ChartNexus)
Refer to Sumatec - New high and how high can it go? , after it broke the 52 sen resistance line, it keep going and broke its historical intraday high of 56.5 sen. The momentum seems really strong and there is no sign it is going to stop any moment soon. But again, is just like PDZ, it is scaring to look at the chart.
Refer to GPA & Marco - Tan Sri Robert Tan Hua Choon story may not end yet! , after broke its resistance line at 14.5 sen, GPA keep going up and close at 18 sen today. Apparently pork chop has turn into a nice steak! As for Marco, after it broke its 20 sen resistance line yesterday, it further shoot up today to closed at 23.5 sen. Well, certainly you can't undermine any of the Robert Tan's counters at the moment.
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Discussions
1 person likes this. Showing 13 of 13 comments
what if all just performed better enough to sustain .. but never great? only if .. if what if? kikkiii
2014-08-20 01:12
most of penny stocks hiked dramatically, that's strange, have to beware of big shark...
2014-08-20 16:04
Random Trading memang koyak and cannot pakai.
Apa counters mention terus down and hangus.
2014-08-20 18:11
like Ultra Jev mentioned that a number of penny stocks hiked dramatically recently. and now down at same time, was there a triggering point activated ?
2014-08-20 19:07
actually the chart can't tell you where is the trigger point, MACD can't tell you that and even the candlestick also can't tell you. 100% of hike within 2 weeks is abnormal phenomena, for my own strategy, i will observe the RSI temperature, 3 days of pool overheat can cabut already...
2014-08-20 19:30
As I mentioned, What's goes up, must come down. Sumatec from 26 sen to 62 sen is enormous so this correction is certainly long overdue. As for PDZ, 16 sen to 40 sen in 3 weeks time is just unsustainable. The question here is that is today plunge down a healthy correction for more sustainable run or the end of the bull market for bursa penny stock. Well with more than 7.6 Billion shares traded today, I have to say this is something I never seen before. If you have position then please be alert and keep monitoring the market to feel the sentiment. Contra with high margin is certainly not a wise choice in market like this. As a trader, you should not get panic and emotionally crash by the market. Just follow your plan, if you are wrong, cut your losses asap to save yourself for another fight. Discipline and calm is what a trader needs most.
2014-08-20 21:27
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alphajack
PDZ and Sumatec are related stocks. However, I strongly believe that Sumatec has a lot more upside than PDZ which could be just pure goring. I cashed out my PDZ profits at .36 and focus all bullets on sumatec. Sumatec gonna hit 80 cents by the end of the month, mark my words
2014-08-20 01:09