Kingcobra, my experience tell me OCNCASH was once, on par price with another stock named KRONO. Abit of story and hope u be patient with me.
They were rallied not far from each other. Somehow, KRONO was more attractive and demanded last year and the price went up higher to touch 113 and 128. KRONO have many group followers on Telegram and Promoters keep pushing KRONO and many are trapped in KRONO still. Due to this reason too, many have average down the price and the buying momentum is there.
OCNCASH on the other hand managed to get until 855 and lose the steam and drop to the lowest 435. It tried to hoover around 70-75 but never able to keep the price UP. A Director sold some of the holdings at 75 something. Volume traded is very low. There is no catalyst for this stock yet. Somehow, if u noticed, more buyers are collecting than selling. Maybe most betting it to go to Mainboard only.
OCNCASH find it hard to become a trading stock at the moment. Correct me if I am wrong.
Hi....so quiet down here? Anyway not to worry 'cos in a week or so gonna announce Qtr results together with the date of transferring into MAINBOARD....so hurry up to grab some while the price looks juicy!!!........................don't regret later, okay?
balvin71...to be honest TP for OCN ranges from 74 sen to 80 sen but then when announcement for mainboard transfer 90sen to a ringgit twenty sen! Support level 63 to 64 sen....main board announcement should be very soon! Nowadays whole world market situation not encouraging...DON'T PLAY CONTRA ON OCN...U CANNOT GAIN THRU CONTRA, REMEMBER THAT!!!
Yep, this stock must hold. Was thinking to add to my holding. News of Proton going to expand into China, if OCN prices is competitive, automotive supply could increase.
Talking to a friend who works at Proton. Next year in April, the new C-segment SUV going to start production. They have plans to upgrade current Saga, Persona & Iriz and introducing a B-segment SUV to compete with HRV. Sales of felts in Malaysia looks very promising in 2019 & beyond.
OK TAKE A LOOK AT SCOMNET (0001) COMPARED WITH OCNCASH (0049)....SCOMNET PRICE HAVE BEEN GOING UP GRADUALLY .....DAMN STRONG SUPPORT,WELL ABSORBED EVEN AFTER PROFIT-TAKING ! OCNCASH PROFITS ARE MUCH HIGHER THAN SCOMNET BUT YET HARDLY MOVE, VOL LIKE SHIT FOR THE PAST FEW MONTHS.....NEEDS YOUR MORAL SUPPORT SO THAT CAN GO UPTREND....VERY DISAPOINTING INDEED!!!
Nothing is wrong in Oceancash. Fund exiting due to unforseen circumtances. Buy to accumulate.
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Posted by Daily8 > 2018-08-12 22:10 | Report Abuse
Kingcobra, my experience tell me OCNCASH was once, on par price with another stock named KRONO. Abit of story and hope u be patient with me.
They were rallied not far from each other. Somehow, KRONO was more attractive and demanded last year and the price went up higher to touch 113 and 128. KRONO have many group followers on Telegram and Promoters keep pushing KRONO and many are trapped in KRONO still. Due to this reason too, many have average down the price and the buying momentum is there.
OCNCASH on the other hand managed to get until 855 and lose the steam and drop to the lowest 435. It tried to hoover around 70-75 but never able to keep the price UP. A Director sold some of the holdings at 75 something. Volume traded is very low. There is no catalyst for this stock yet. Somehow, if u noticed, more buyers are collecting than selling. Maybe most betting it to go to Mainboard only.
OCNCASH find it hard to become a trading stock at the moment. Correct me if I am wrong.