I was down with a very bad food poisoning yesterday and totally forgot to sell my YBS shares at 0.445 which will give me 18% profit. Talk about going from bad to worse.
I don't think it will be a good day today, especially since the King has given out a statement today that he is disappointed with the clowns in the parliament who suddenly overturned the Emergency Ordinance without his approval.
Today YBS closed exactly on EMA20 support which is 0.43 but unfortunately the signal line has just crossed over the MA line, which means YBS is at the beginning of a downtrend.
If it goes down, I expect it to either test EMA50 or the gap left before this which is between 0.355 and 0.385.
I don't know what the QR will look like but with the current unstable political sentiment that is severely affecting our country, I think maybe YBS might heading downward to fill up the gap that it left 2 weeks ago.
I was about to buy 500lots earlier till I saw the letter from the Istana. Tomorrow is Friday, with this political uncertainty and I assume further bad news to come, Tomorrow and Monday will a bloody day.
@bojed its never a mistake when you profited. you are considered smart money.. not gamble money. I also re-entered at 0.45, now we just cost averaging. lets ride this together gether.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 297 views | 1 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11496 views | 10 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
TedTock
926 posts
Posted by TedTock > 2021-07-28 14:57 | Report Abuse
The negative news from 26 July is weighing this down