nagasaran93: If you are a trader, today opening sould sell already since you aready knew aus OMH fell and huge sell q at opening. But if you are an investors then you already know, it is a very normal and common for a stock to go sideway for 6months or more.
Damien88. I am OMH investor but your passion to speculate pmetal has desire for OMH is pure bias imagination. Do you know top glove investors also imagine that the top glove multi billions cash in hand could and would take over bankings in malaysia. Such imagination is only understandable as it soothes our pain. Anyway, OMH cannot be compared to glove since today is just the first day which broke its support line while glove is achieving continous new low.
Damien88. I have heard this reasong from glove investors since last year. Cash flow strong, can take over tech company. Hold on to the ship when short seller attack. After more than one year, all bankrupt because short seller has better analytics. They just hold the price until asp normalize. Is this happening all over again since even if it takes 2years for asp to normalize. Short sellers still able to short for long term.
Nagasaran93, from analytics result. If holding perioud is only 1month. Fundamental will not have any influence at all. So technical analysis is king. However, in the longer term, fundamental will eventually come into play. Since many people cannot see far and in human terms, time is gold. So, for me, definately technical analysis is more preferable.
Data analytics produce report in this format: Breakout stock winning rate 43 percent if hold 1day. 55 percent if hold 1week. 60 percent if hold 1 month. Breakout is only one strategy. You can have dozens of strategy like Price near support, Almost breakout, got buying pressure or momentum. With analytics, you can plan the cost for each stock and holding perioud based on the statistics.
Citadel666 ; All Sifu also same, call buy 4counters. 3down, 1 up. They keep quiet on the 3down and shout on the up. Thats how they build followers. Since the followers only hear up loud loud and discouraged to be negative to question on the down counters LOL!