Stock Prince's Insights
The most dangerous thing to want is more---Unknown
Stock Prince (è¡ç¥¨çåï¼
Publish date: Sun, 07 Mar 2021, 07:06 PM
Why am I here? Recently I have witnessed many novice traders rushing into the market to simply buy penny/speculative stocks at very high prices. Causing them to lose their hard earned money or worst their life savings. This breaks my heart and as a very experienced investment bank trader, I believe that it is my duty to teach the public the right way to day trade.
Be very careful on Dataprp
Rushing upwards from 50c, flying all the way to Rm2.3 in a span of 7 days.
With rumors of a margin cut going around the market ,this news is enough to pull it down all the way.
The main resistance is Rm2.27, there was 2 attempts to break it but it failed and fell back down last week. If Monday it does not breach it and stays above 2.3, i am expecting a major correction.
When it happens, stocks like MSM, ITRONIC, GFM will be dragged down along so please be careful.
If you are trading it make sure to RUN if it breaks the support in your trading plan. I will personally stay away as the upside is limited and the downside is HUGE.
Just few months ago Vivocom was trending healthily then rumors of a margin cut started to arise, the chart immediately went side way a few days and when the news became official, Vivocom was limit down twice taking it from RM2 to 60c in just a few days.
Dataprp chart is very very similar to this. The rumor is similar too. I'm not asking you to buy or sell but im just asking you guys to trade cautiously.
The most dangerous thing to want is more.--Unknown
Stock Prince
Disclaimer: All information shared here are strictly for educational purpose only. There is no buy or sell recommendation for any counters mentioned in this channel. We hold no responsibility for your trades. You should make your informed decision by consulting your licensed remisier or investment advisor before making any investment decision.
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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....
