Forecasted expectations Perisai will perform well during an upcoming quarter, year or other time period. An bright outlook could include expectations for upcoming projects, productivity and balance of trade growth.Valuation will better to best.
The accending triangle has not shows it tips yet, from todays close, we might see the tip next week...then if volume increases, breakout uptrend is likely to happen...but if eery is so worried about election and dont trade, it will go either sideways or downtrend...common Perisai, let your dara be broken once and for all
Do observe 1.10 level critical for continuous uptrend...still no strength yet...looks more downside risk...if do happen another push, mostly this time will be a real breakout!
Lucky i leAve at rm1.09 level.. Good luck for those who still hold this counter. This counter sound good but performance not improves yet.. Need patients..
Just for my warning process.. From my view, perisai now form a 'head and should'' pattern. If rm1.08 support level is broken we should start cut loss.. Somebody who familiar with chart pls comment.. Tq
from the FA site.. likely this share will slide to RM99cents level if we read this announcements: PERISAI PETROLEUM TEKNOLOGI PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF PUC
CLASSIFICATION: CAPITAL MOVEMENTS & CHANGES TYPE: ESOS/Private placement/Restricted Issue 04 December 2012
PERISAI PETROLEUM TEKNOLOGI PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF PUC PERISAI PETROLEUM TEKNOLOGI reported Nov 30, 2012 that the Company is proposing a Private Placement of up to 10% of its PUC. At an Indicative Issue Price of 99 sen per share, the Company expects to raise RM84.29m of which RM72.69m will be used to repay Bank Borrowings, RM10m for Working Capital, RM1.6m for Exercise Expenses.
Perisai is a fundamentally good stock with recent TPs of 1.55-1.57. It looks like some fund managers are playing up and controlling the shares with tight range of 1.05-1.17 for the past 2 mths. I believe they are accumulating. I also believe the push will come back again...just a matter of time...wait and see lor
Funds have their ways of pushing up prices but before they do so, they'd normally accumulate at lower levels and enough for them to make good profit when share price flies...
Now RM1.07. If today close at 1.07 than it will complete for a triangle formation.(the base start at Rm1.08 on 31/12/12 than up to RM1.14 on 8/1/13..now go down to RM1.07) tomorrow may be it will start another waves.. However this is my study.(i not expert in chart..but want to learn and study Perisai's chart Pattern look attractive for study with the help of our forrumers and gurus here)
If look at the chart, it tends to yoyo now and then since mid-Oct, after a sharp rise (abt 3 wks) prior to that. It's a good trading stock. As to when it will start escalating again is everyone's guess. Contras are risky here. U need holding power to play this stock...plus patience
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....
minitrader
2,273 posts
Posted by minitrader > 2013-01-08 14:14 | Report Abuse
good enough if it can hold at current level...