Some people are better off trading in short available markets like STI and US markets. KLCI is not suitable for them because they spend a great deal of their time wishing price to come down and missing opportunities to make money. KLCI has IDSS however it is not easily available and not so popular yet.

Losing market shares esp in the serving the e-commerce platforms. If one buys online from Shopee or Lazada, one will notice very seldom the courier is Pos, unless it’s ulu place.

Maybank trading sideways now. Good time to accumulate.

Aramco IPO will lift all boats in the o&g sector. Hibiscus tracks the oil price closely.

TA ANN posted drop in result yesterday and share price rose 12% today. A great point to ponder.
Hopefully the market will have mercy for Hibiscus tomorrow.

operators more likely switch to tank Armada....long red candles jumping off the cliff, super high debt and high expensive finance costs (24% of its revenue is used to pay finance costs).

Bullish flag spotted on 30min and hourly charts. Get ready for breakout to rm1.5 beyond.

Alam today is clear cut buyer fighting to buy shares. Many chasing Alam hoping for similar Armada, Carimin,etc remake. All the best to all shareholders!

It is 'magical' for those holding the shares and warrants right now. Both FA and TA are very favourable for Alam right now. Successful turnaround story, with more upsides to go. Big rounding bottom chart pattern with high price high green volume breakout. Coverage by big investment bank ie. Maybank Investment. Big established research house don't simply cover any counters one. This is a great validation for Alam. More great upsides to go.

The upcoming Aramco IPO..world's largest IPO will boost the entire oil price and sectors globally.

Alam could be the next goreng target for those goreng kakis exiting SOME of the fully-valued o&g counters now. Exodus.

From DR Google: qualified opinion is a reflection of the auditor's inability to give an unqualified, or clean, audit opinion. An unqualified opinion is issued if the financial statements are presumed to be free from material misstatements.

"not qualified.to continue as a going concern" means no problem. all is good.

Wait for the rounding bottom to complete then will rebound. take sometime....

near support at rm0.4 before charge up to RM0.5 and beyond.

The power of penny stocks is the ability to leapfrog and fly. Many stocks experienced it recently. Now is Alam's turn...

This counter is chronic.

great day for Alam. next TP 0.15 and mid term TP 0.35. Large rounding bottom waking up...............

already recognised means what? Alam is undergoing turnaround from loss making to profit making. If all the while if profit making, it wont be trading at rm10cent.

Extreme improvement quarter result. Latest quarter revenue increased ~400% compare to previous year's quarter.
"The Group’s revenue for the current quarter of RM114.60 million was higher than the preceding quarter's
revenue figure of RM66.39 million with a favourable variance of 73.5%. This was mainly due to higher
revenue contribution from OIC segment during the current financial quarter under review.
The profit before taxation for the current financial quarter was recorded at RM1.18 million as compared to
loss before taxation of RM5.02 million registered for the preceding financial quarter."

https://www.malaysiastock.biz/GetReport.aspx?file=2019/11/19/5115%20-%...

Get ready for rocket ride tomorrow. fastening seatbelt!

If one has been investing in MFCB based on Public Investment calls since the beginning to now... he/she should be sitting on 20% dividend yield p.a.

MarketNewbie I hold JAKS almost 1 year
is time to go?
or stay ?


1 year is hardly sufficient for a chart to develop meaningful pattern. You can double check Jaks weekly and monthly charts with Google search result chart patterns and decide if should hold or sell. Jaks entire setup took 14 years (from 2005 to 2019). Jaks current share price is at its final league to completion before breakout.

Top RULE in chart reading --> what is the chart pattern in the longest/largest time frame (i.e monthly chart). If it a bullish chart, go ahead further. If its a bearish setup, leave unless looking to trade for short term pullback/retracement/dead cat bounce back, etc.

Only participate if can sleep soundly at night. Everyone trades on different setup and parameters.

OTB,
Your advice is very true. Much to learn from you and various people in this forum.

JN88,

By your definition, then there are many world class “idiot” out there ie Warren Buffett, Ray Dalio, George Soros, KYY, OTB , etc. for holding on their shares.
For stocks below rm1, rising rm0.5/share is not extraordinary. You can do more research on FA and TA.
Always trade based on own parameters.
I rather be an “idiot”, if I’m a billionaire. Lolz.

based on daily, weekly, monthly chart, Jaks still have a long way to go. So called sharks will reap the maximum profit. Shark dont go for few cents profit. Cannot even pay the margin interest and commission.

cannot be every year also build and own a mall & powerplant right? lol

buy at 1.7 and if still holding warrant, should be already breakeven....

It will take some time. Analysts already assessed it. The impact is noticeable.

The problem with Press Metal is the newly implemented Sales Tax by Sarawak government targeted at Aluminum products.

This counter is a huge bullish flag. Can play for a long time.

1.5 because it’s the neckline level of an inverse head and shoulder chart pattern.

Hourly chart, high price high volume breakout from bullish flag today. Next target to scale is rm1.5 and above.

Rounding top or double top is already forming in 1hr & 4hr charts, similar to between Mar and Apr 2019 pattern. Trade with care.

3 potential scenarios for Dayang shareholders:
1. hold shares and standby cash to subscribe rights to avoid dilution
2. sell shares now to avoid dilution
3. hold shares and don't subscribe rights and wait for dilution

Dayang rights: every 10 shares, buy 1 rights at rm0.92. Assume today price at rm1.94 x 10 shares= rm19.4, add rights rm0.92. Total is rm20.32 for 10 shares+1 rights (or total 11 shares). Average price per share will be rm20.32/11 shares = rm1.847.

TP: RM9.5 followed by RM11+ surpassing previous higher high. Mega bullish wedge trend.

RE: kcchongnz

Think about the 10 or more persons who are giving positive feedback on your article and forget that 1 person who is criticizing you. :)

Share margin financing is very cheap. Pledged FD can get interest income around 3.8%p.a. Brokerage charge interest 4.5%p.a Simple net effect is 0.7%p.a chargeable upon drawdown only. Effective interest will abit higher because of the leverage mechanism. Find 1Malaysia also cannot find cheap financing 0.7%p.a. I am using Maybank. Brokerage commission is abit higher la...at least rm30 or so. But its ok la. Profit 1 time 4-5 digit. Let brokerage earn abit lah. We must be thankful to them for providing such facilities.

RE: kcchongnz

I am vested in Jaks currently. I am trading based on monthly chart inverse head and shoulder. The right shoulder is currently forming. Next target will be reaching for the neckline.
On hourly chart, it is forming a bullish flag (trading sideways). Flagpole was established last week.

I do take profit or cut loss if parameters are violated.

This shows Press Metal is a big fat rich company. Everyone wants to squeeze benefit out of it.

Re:

Dayang weekly chart price volume is showing bearish divergence, daily chart is forming rounding top. Trade with care...

VIN3133 Note that Publicinvest is calling a Technical Sell on DAYANG today !!

Both also not good ways to invest. Ben must learn TA to avoid the 'caught up' holding period. Jesse must learn not to over invest. lolz

i agree with Mr OTB on learning technical charting. I started by investing on IPO stocks, blue chips, dividend stock etc. and got caught up for years. After i learnt TA, risk is greatly minimised, buy and sell points accuracy is much shorter and better profitability. It took me like 3 years to truly understand how to draw and interpret charts.

There are several key factors that lead to Jesse's dark side:
1. If Jesse is to invest (sailang) all his capital in a counter, she better make sure that she is in the same page is the majority shareholder.
2. One is easily caught up if over-invested because liquidity will be a new issue. Jesse is actually a victim of his own action. Cannot find buyer when want to sell. End up have to lelong sell.
3. One has to know how to read, draw and interpret a chart.
4. Rights and warrant issuance may appear on the surface to raise fund. However it is also a tool to dilute minority interest holding and to increase majority shareholders' holdings to further tighten their grip on their beloved company. A good example was Sapura Energy's recent year rights issue which was unreasonable highly diluting. End up most of the rights was subscribed by the majority shareholders. Until now the share price remains at lowest range because the rights has widen the share pool too greatly.

Maybank is currently backtesting mega support line, similar to year 2008 and 2016. Current price at RM8.6 is the launchpad to next higher high price level. Overall, Maybank is a gigantic bullish wedge spanning more than 10 years.

Today’s price down is due to this:

https://www.theedgemarkets.com/article/sarawaks-new-sales-tax-aluminium-raises-concern-press-metal-profit-margin

Public Investment got cover Jaks. Jaks will ding dong sideways for few days to form bullish flag before chiong further. Flag pole is already been established on last week.

Super huge inverse head and shoulder chart pattern on monthly time frame. Currently right shoulder is developing. A lot more upside. First round is to reach the neckline. Second round is to break above the neckline and fly beyond rm2.

Mega First is a good benchmark for Jaks. Public Investment Bank usually make good calls or their calls are usually 'backed' by funds. After all, they run the biggest mutual funds in Malaysia.

if one know how to read & chart the chart and execute trades based on it, he is good and can make good money. Consistent profit over the years is not a correct yardstick, because every counter has its own cycles and tag along the industry and macro cycles. Eg. a rounding bottom chart pattern, one can hold for 2-3 years for sideways price without any significant gain, however once price breaks out of the bottom, it will fly few hundred %. Dont say TA, FA or whatever knowledge is useless just because we fail to make profit out of it. Spend time to fine tune our charts and keep backtesting until we get a 99% sure win rate. Sure win rate does not represent % of profit made ya.