As long as the QR still is in red, the upside is limited. In technical terms "dead cat bounce". It is speculative play. Look at other loss making counters and you will understand. But I don't want to pour cold water. As long as you make money, consider good. Just don't be greedy.
VSOLAR (Not Rated). VSOLAR’s share price surged 1.5 sen (17.6%) to RM0.10 yesterday. Trading volume rose to a 10-month high with 42.6m shares changing hands. For the past year, the trading pattern was rather uninteresting, hovering sideways between RM0.065-RM0.09. Nevertheless, VSOLAR broke out in March, and had since been holding above the 100-day SMA. Buying activity appears to have returned with yesterday’s sudden price surge and MACD-Signal line positive crossover. The share price is now in the midst of testing the key RM0.10 (March’s high). Should this key resistance level be taken out next, we reckon that the share price would then commence a climb to RM0.14 (R2) further up. Downside support is pegged at RM0.085 (S1), and RM0.065 (S2) further below.
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....
richkid
8,140 posts
Posted by richkid > 2016-05-24 14:34 | Report Abuse
As long as the QR still is in red, the upside is limited. In technical terms "dead cat bounce". It is speculative play. Look at other loss making counters and you will understand. But I don't want to pour cold water. As long as you make money, consider good. Just don't be greedy.