Thanks paloma! It doesn't matter whether it goes to 70c or $1 because my capital is spread out very widely among Superln, Masteel, Malton, MRCB, UEMS, GKent, Gamuda, IJM,MMCCorp, Fajar, Huaan, Efficient, Alcom, Tunepro etc...all accumulated since the drop in mid-May =)
My analysis for the last 2 days showed presence of hot money flowing into this stock, albeit still on the low side at less than 25% ratio. For breakout to happen, there must be strong buying support from banker well over 50% ratio. The plus point is, sellers are gradually decreasing down to 50%. So, there is a possibility of a breakout this time round in the next few days.
This stock is already at peak for now. Already overbought. Tomorrow maybe start pull back. Wait at retracement la. Who knows maybe it will shoot to the limit after that
from my analysis, looking at the metallurgical coke price from DEC 2017 -> Today, you will notice that it direct determine the stock price, example mid of Dec to mid of Jan was the peak price and drive the stock price to peak as well. Up to today, the coke price is recent high(climbing from April to Today) at 2153. I agreed that RSI consider high at 78 today, but i think it will continue to drive the stock price higher. Please correct me and comment all sifu, thanks, just my personal observation
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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....
dompeilee
11,888 posts
Posted by dompeilee > 2018-07-23 19:14 | Report Abuse
Was I the only one here who attended the AGM? https://www.youtube.com/watch?v=Z0UFnoWy1L0
If so, it proves that all of you are just speculators out for short-term gain...