As shown on HENGYUAN price chart below, it started to drop when it reported reduced EPS of 15.82 sen for its 1st quarter ending March 2022. It reported EPS 59.9 sen EPS for its previous quarter ending December 2021.
Price chart cannot lie because it records the daily closing prices. Down trend means that there are more sellers than buyers every day in the last few weeks because more investors are selling due to weak basic fundamental. In the last 2 trading days, it dropped 42 sen and 53 sen respectively. Currently it is rebounding up. I think it is likely a dead cat bounce.
My purpose of writing this article is to show you the truth of the current situation. I am not telling you to buy or sell HENGYUAN because I am NOT responsible of your losses and I don’t expect you to give me part of your profit. You have to make your own decision.
Stock: [HENGYUAN]: HENGYUAN REFINING COMPANY BERHAD
2022-06-15 11:27 | Report Abuse
Hengyuan is down trend
As shown on HENGYUAN price chart below, it started to drop when it reported reduced EPS of 15.82 sen for its 1st quarter ending March 2022. It reported EPS 59.9 sen EPS for its previous quarter ending December 2021.
Price chart cannot lie because it records the daily closing prices. Down trend means that there are more sellers than buyers every day in the last few weeks because more investors are selling due to weak basic fundamental.
In the last 2 trading days, it dropped 42 sen and 53 sen respectively.
Currently it is rebounding up. I think it is likely a dead cat bounce.
My purpose of writing this article is to show you the truth of the current situation. I am not telling you to buy or sell HENGYUAN because I am NOT responsible of your losses and I don’t expect you to give me part of your profit. You have to make your own decision.
To read full article, please refer to the link below
https://klse.i3investor.com/web/blog/detail/winghoe88/2022-06-14-story-h1624375253-Hengyuan_is_down_trend