End of the months QR out... what is the point to press it down? the business really running bad? i dont understand...why keep RSS? Jual nasi lemak pun kena ada nasi lemak la...hello
If you're in for long-term, always buy at support. 0.35 seems to be the base before it goes downtrend, especially as short and medium moving averages are looking negative. GDEX has been in a bearish mode after multiple lower low hits between 3 Nov-31 Jan. So far that has not been the case in February, but it's important for it to break the 0.41 resistant to justify its growth potentials.
In anticipation for record quarter, stronger buying support is necessary to overcome the RSS and soon IDSS. If the build up is good enough, GDEX-CS is a great short-term play as it has hit all-time low of 0.025 today. Scoop enough and it can multiply your capital gains when breakout happens. The coming 3-4 weeks are very important before time decay factors in.
So retailers need to all unite. We have seen how RSS has reduced in Top Glove in the past few days as a result of retailers' buying support. GDEX is a great company and major benefactor of movement restriction and increase of e-commerce transactions. But not a lot of people are aware of the upside potentials in GDEX as its share movement is minimal due to large floating share base of >2bil. However, we have seen at various points in March, April, May and November 2020 that it is possible to push GDEX higher.
For yesterday's closing, if it can closed at least 0.385 would be repetition of the chart (from Sept 2020 to Oct 2020) with double low of same level and thereby uptrend is more determined.
Based on today, Gdex 0.365 support broken and touch 0.36 and going back to 0.365-0.37...the seller try to put it down several time...last closed with 0.37...is good...based on chart the stochastic going to flat and waiting for cross...hopefully sideway..0.365-0.37...
RSS price Total value= 1180803.5 volume=3121200 avp= 0.3783 The RSS estimate current avp is about 0.3783 We all hold 0.37-0.375 will be nice.. Hold guys
Still bz shorting. Put in sell queues 0.375-0.385 first to get filled then hopefully some some weak holders will sell below. So basically it's shorting lol
This last-mile delivery giant is about to wake up!
GDEX's market cap RM 2,144 Millions (RM 2.144 Billions) @ RM0.38 share price POS's market cap RM 783 Millions @ RM 1.00 share price.
GDEX is trailing Malaysia's national logistic company about 2.7x times in market cap.
In terms of efficiency, obviously GDEX has an upper hand whereby one of its major shareholder is Japan's largest express delivery company YAMATO Holdings. GDEX is one of the company that uses NASDAQ-listed NUTANIX Hybrid cloud system replacing its own legacy system. Read more here
1) Teong Teck Lean (GDEX's CEO): 39.057% (*Teong bought another 6 million shares 21-28 December 2020) 2) Yamato Holdings Limited (Japan): 22.86% 3) Singapore Post Limited (Singapore): 11.63%
The above 3 entities controlled GDEX's 73.547% shareholdings. Would have increased their stakes further if they exercise their free warrants from recent corporate exercise.
I'm optimistic it will rise up like the rest of logistic counters. After all this is a market leader in express delivery so no reasons it won't rally up. Just waiting for the moment of cheering hehe
superbull88 no hard feelings but, gdex cs got time limit, when limit almost reach they will press down the price, cannot fight with them on mother share due to heavy ticket.if want buy warrent normally will buy WC .year until 2048 and can change to mother share.
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Posted by henry888 > 2021-02-03 15:55 | Report Abuse
The best is all retailers pull out..let them play themselves...