My Trading Adventure

Stock Watch : LayHong and QL

CP TEH
Publish date: Wed, 29 Aug 2018, 08:52 AM
CP TEH
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All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
Following Message


Good morning ... S&P new high closing. 2,897.52 ( +0.78)


LayHong : broken the neckline support around 92cents ... ever since then, it is still diving sharply. In technical charting, it gives us the level to SELL/EXIT ... and no indication of averaging-down.

Averaging down is for investors ... who think/feel that at RM1 is cheap ... so, buy more at 80cents ... well, market given a chance to buy more at 60cents, why not? We shall wait for 40cents to accumulate more and wait for the whole recovery and market giving it a fair valuation?

So ... it is up to fundamentalist to put a valuation on it. Is it way below its intrinsic valuation? Is it 20-30 below that (margin of safety concept)?


QL : Still strong uptrend ... expanding their Family-Mart?


So ... from the above chart, if u r a trader ... take QL and ride it up till trend bends.

TEH

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