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PETRON, Still Can Be More Cheaper.

Jack Kong
Publish date: Sat, 03 Mar 2018, 12:53 AM

PETRON 从我看多到看空,今天收在10.52,跌破过去5 个月的低点,来到挑战最后支撑10.45,往下跌幅目标9.44 和 8.85。我认为要进场的还是耐心点,等到出现了底部才做布局,别因为股价便宜而进场,因为随时可以更便宜。

PETRON today closed at 10.52, which is go beyond recorded low in the past 5 month, lastly, now challenge the crucial support at 10.45, and target price is 9.44 & 8.85. I think be patience first, and enter when base is complete, don't simply buy in because price is cheap, because it can be cheaper in anytime.

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3 people like this. Showing 8 of 8 comments

sbg3106

same to HRC. I hope it drops back to RM9 for HRC.

2018-03-03 07:02

Mohd Fahmi Bin Jaes

More u wait, suddently it fly

2018-03-03 07:13

feet

before goreng up along with hengyuan, petronm was at RM8++ only. no more super good margin.

2018-03-03 09:17

Halite

Chart changes everyday but the fundamental of a company will not change overnight. If you think it is a good buy, you must start accumulating when the price is reasonable and buy more when the price drops further.
I believe most of the right thinking investors of petronm will agree with me, the fair value of petronm is worth more than RM15. At the current price of 10.50, the market has offered you a 30% discount. Which business around you can provide you such a margin.
Waiting is good but keep on waiting lower and lower can be the biggest weakness in your successful investment
my successful trading experience in both hengyuan and petronm last year said everything. You must start doing something when the price is cheap Not keep waiting lower and lower. Then you missed, turn into sour grape and start cursing this person that person and work very hard sharing misleading information and fear.

2018-03-03 16:42

Jack Kong

Today closed at 9.72.

2018-03-06 02:12

Jack Kong

Fundamental just telling you part of the story, technical will tell you another part of the story.

2018-03-06 02:17

NoPlayBall

@Jack Kong
Great accurate reading of the charts, spot on ! pls keep us posted , thank u !

2018-03-06 06:27

NoPlayBall

@Jack Kong,.. great analysis..thank U !

2018-03-14 15:31

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