feb 19, it opened 51.5, hits a high of 59sen, and drops back to 56.5. Four days later, it opens at 57.5 and hits 60.5. Volume was only 0.106bil. Today, this volume has been surpassed at 0.121bil. Yesterday volume was 0.167b. You can roughly guess how big is the momentum
Looking at the charts, if it touches 50sen, it will have enough momentum to take it to 0.55, after which it will reclaim its 0.62 spot before Trump's disruption. Assuming all fundamentals remain intact, steel is needed for China's domestic market, then Huaan is looking at a profitable quarter.
huaan qr4 results 2.2cents when coke selling price above 2200 don't even mentioned when it was close to 2400.now coke selling price at around 1880 . profits will surely be lower than qr4
Exactly. Yesterday's rise was way too fast and knowing the nature of the day traders in huaan, I'm not surprised today these people take profit. Those already taken up need not worry at all... only watch the show until it goes above 60 or even 80 sen
If you have all done your homework, know what you are doing, like when Huaan was 0.34 just days ago, you wont be losing sleep. Today's fall/inverted hammer is expected. Nobody is his right mind would resist taking a 10sen profit. But look at how big the volumes at 0.44/45 are and you can guess what kind of buying sentiment already present. If you do charts, look at Huaan's movements. If you do fundamentals, ask if there has been any reduced elements. If not, if everything remains the same, why worry?
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....
Jun Lim Ng
3,036 posts
Posted by Jun Lim Ng > 2018-04-11 14:18 | Report Abuse
hope this come true...Bowman...