This counter the price movements for last week is consider good n volumes wise is also good. Closing at 19sen indicated good support from all. Hope next week wil be Good for this counter as it has been underperformed compare to other penny stocks w their latest announcement . If they can secure n announce something more concrete on the deals, I believe , this stock wil definitely go above 30sen. In the personal opinion, if it can pivot around 30sen for coming 1-2 weeks, it wil show that the company has good chance to secure some deals that they recently announced n chances for it to move above 50sen, looks possible.
We hv to understand why this 1-2 weeks is important, coz the news on latexx partners deal which they need to address soon. If not mistaken, latest by 15-Sep. We r not sure how’s the negotiation n many said it wil not come true. Any how, I keep my fingers cross as nothing was announced until now. Now their latest announcement is the Kibaru deal. This wil hv a nego period of 6-mths. The critical one wil be deal w semperit on latexx. If this deal is called off, the current price might not be able to sustain. This is why the coming 1-2weeks, the price movement wil tell us how the deal is goin about. Some comments over this forum is that this counter is a goreng counter. Anyhow, we shall see how things go about in these coming 2 weeks time. Again, high risk high gain . Choice is yours
Overall market is improving along with regional. If its close 0.195 or higher today. It will move this week. T3 and contra at the higher price is subsiding. Buying is still strong at this level. We see some movement this week.
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cK1973
1,965 posts
Posted by cK1973 > 2020-09-06 12:00 | Report Abuse
This counter the price movements for last week is consider good n volumes wise is also good. Closing at 19sen indicated good support from all.
Hope next week wil be Good for this counter as it has been underperformed compare to other penny stocks w their latest announcement .
If they can secure n announce something more concrete on the deals, I believe , this stock wil definitely go above 30sen.
In the personal opinion, if it can pivot around 30sen for coming 1-2 weeks, it wil show that the company has good chance to secure some deals that they recently announced n chances for it to move above 50sen, looks possible.