@newbie,the price of the ship SB installer(Rm 540M) cost more than the whole of daya's market capitalisation(Rm 500M). Does it make sense to buy the ship??.Daya still wants to be light weight in capex.i think it is a good decision, other fund managers may think so also.that's way sellers at 0.38 disappear(which is already dwindling) .main reason is because chart indicates 8 day support at 0.37 & resistance at 0.38 only,( 1 ct different only ) a very strong congestion & 8 day support.hence it moves up.Maybe PBB rerating add a spark to it. what about tommorow?? closed at the peak of the candle, very likely to continue upward. if momentum is very strong should push through 0.41-0.42 easily.ONly then, there is prospect of further upside. otherwise see whether you are a mid term or long term holder or a scalper. i have been holding daya since 0.2x cts, i won't sell just because of 2.5 cts, may be 5 cts continuously.,then I decide what to do. I will probably sell the majority of my holdings after the icul announcement, i.e when the demand is greatest. I will also want to study the content/structure of the icul, to keep the icul for long term.
Yeah based on chart usually daya perform one day show. After that usually down few cents. But daya have good support. That is why i like this stock. After hit the support, it went sideways but that the time for opportunity to buy for averaging down. Other stock sometimes to volatile to pick up or averaging down.
no need to worry at all if you are going to hold it for long term...read the following write-up from Public Invest on Daya current and future prospects:
let 0.39-0.395 be the support for this week, then the launch to break 0.41 will be easier. daya seems to be always on uptrend. up a bit/or more than a bit, some then support. doesn't catch your money.even if u buy at peak, if u hold long enough will still make money.
yeah candlepower. Good fundamental stock need time in bursa. But playing speculative stock its either high gain or lose all. I wait for good support and will re-enter when good.
wow, buying interest still high and back to previous level..impressive I bet on no tapering end of this month and probably will be postponed to next year Jan or Mar....if my bet does come true, share price will surge and klci will achieve any record high...no doubt daya share price will also follow the same pattern
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n00bpelabur
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Posted by n00bpelabur > 2013-12-17 11:56 | Report Abuse
Thanks candlepower. You sure have a lot of information on this counter.