Today's doji form just shows indecisive signal. It may have been a profit taking day. Every stock when going up still needs space to breath before continues. Amprop is still on uptrend. But need to see tomorrow's price movement to determine its further direction. Just remember to set a trailing stop to protect your profit.
thanks, tm, downside risk is very limited due to 20% yield, upside is tremendous actually, management wanna reward parent ammb which hold 72% stake, other shareholders also enjoy the ride loh
Shud add soon...tom maybe.1.17 is gonna be the strong supp on current count.If u look carefully on the chart,it is sitting on the apex of the ascending triangle,ready to move on to new highs.
I might be wrong here.. but my reading of the chart indicates an overbought situation and due for correction.. support seems to be established at RM1.07. The RCPS thingy will probably be submitted for Bursa approval by end of this month, probably out to shareholders approval in Sept together with AGM..save cost. Probably see this materialise in Dec. By then, Q1 results would be announced end-Aug... won't look pretty without Kesas equity accounted profits.
sorry for asking silly question, but I have notice that this company have reported net incomes which were greater than their gross profit for consecutive 4 years. Where did the earnings came from and are they sustainable since the extra income must be generated from not usual operations right?
trustme923, i will wait until the free RCPS. I am buying all the way up from 1.03 to 1.22. I'm confident that it will yield at least 20% return until end of this year. When the official proposal submitted to Bursa, the price would have gone up a lot.
Hwtham...good morning...lets say u take profit here or at 1.25..then what u do,wait for it to come down on correction to buy back,rite?In the 1st place r u able to buy back below 1.20?...i absolutely doubt it cud go below 1.17 from now based on my chart analysis.....good luck
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....
limchimleong
1,732 posts
Posted by limchimleong > 2014-06-17 14:46 | Report Abuse
大马产业,感谢!