Profit taking thats all. This counter has legs and I believe it will breach RM1.1 tomorrow if the market condition is rangebound and no immediate correction to profit take post window dressing.
Just to clarify, my TP is not only RM1.10. meant the immediate TP is RM 1.10 which I believe based on the surge in buying volume yesterday, it will breach RM1.10 today. My realistic TP for mid term is RM1.30. Thanks.
It hit TP of RM1.10 as I said earlier. However, the resistance at RM1.10 is strong. This will lead to natural profit taking. PE is one of the many barometers to gauge the strength of a stock. Most importantly, is there strong cashflow and growth trajectory. How is the gearing? What is the CAGR or EBITDA? Taking all this into account, then make your decision based on your own comfort level. If you are satisfied with RM1.10, take profit. If you believe it can move further, TP of RM1.30 is mid term target. Thanks.
Thanks Tony. Most people overlook that. Having said that, if the volume sustains and do not close below RM1.08 today, there is a good chance it will breach RM1.10 to reach RM1.15 in the next week or so. Please note this is not a recommendation to contra. Thanks.
Very encouraging closing. Despite the strong selling pressure, it changed its trend at 4pm and even challenge RM1.10 albeit unconvincingly. But the closing at RM1.09 indicate there is strong buying momentum. Tomorrow if market condition is favourable,likely challenge RM1.10 to breach the resistance making it way to RM1.15. Thanks.
As stated earlier, it breached RM1.10 and hit immediate TP of RM1.15 today. RM1.15 will be the temporary resistance if the profit taking pressure is not strong, the next TP is RM1.21. For those happy with profit, you can consider taking and buying on weakness. For those with holding power, you can consider holding for mid term. Thanks.
WiseEye, fair comment. But this is sentiment. Generally, when sentiment is low, confidence is low, market is quiet, investors are queit. Vice versa. However, I have highlighted this last week, please check back the comment trail. Shazza, congratulations. Cannot advise you whether to take profit as it is up to your own appetite. However, I always believe in selling on strength and anticipating resistance. If it shoots up further, cant do anything about it. But most importantly, be happy with the winnings in hand. Live to fight another day. Good luck!
wiseEye bro...haiyo....is okey lar.... thanks for their comment here...without them this forum cant lighting up ma ...dun care what and whose writing...important is our own ....know what u want to do.... cheers ")
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Hibernation time over..time to fly...