PDZ and Sumatec are related stocks. However, I strongly believe that Sumatec has a lot more upside than PDZ which could be just pure goring. I cashed out my PDZ profits at .36 and focus all bullets on sumatec. Sumatec gonna hit 80 cents by the end of the month, mark my words
like Ultra Jev mentioned that a number of penny stocks hiked dramatically recently. and now down at same time, was there a triggering point activated ?
actually the chart can't tell you where is the trigger point, MACD can't tell you that and even the candlestick also can't tell you. 100% of hike within 2 weeks is abnormal phenomena, for my own strategy, i will observe the RSI temperature, 3 days of pool overheat can cabut already...
As I mentioned, What's goes up, must come down. Sumatec from 26 sen to 62 sen is enormous so this correction is certainly long overdue. As for PDZ, 16 sen to 40 sen in 3 weeks time is just unsustainable. The question here is that is today plunge down a healthy correction for more sustainable run or the end of the bull market for bursa penny stock. Well with more than 7.6 Billion shares traded today, I have to say this is something I never seen before. If you have position then please be alert and keep monitoring the market to feel the sentiment. Contra with high margin is certainly not a wise choice in market like this. As a trader, you should not get panic and emotionally crash by the market. Just follow your plan, if you are wrong, cut your losses asap to save yourself for another fight. Discipline and calm is what a trader needs most.
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....
alphajack
3,685 posts
Posted by alphajack > 2014-08-20 01:09 | Report Abuse
PDZ and Sumatec are related stocks. However, I strongly believe that Sumatec has a lot more upside than PDZ which could be just pure goring. I cashed out my PDZ profits at .36 and focus all bullets on sumatec. Sumatec gonna hit 80 cents by the end of the month, mark my words