As at this morning, only 126,500 shares done. Even the goreng master stops churning trading vol at current level, how to reach TP 10 sen? 24.5 sen remains the current immediate support level.
Unless a black swan event or internal crisis happens, it is highly unlikely to hit 10 sen.
Now, the only hope is the release of a better than expected quarterly result(which is still an unknown at this moment). Like that, there's a good chance for it to break above 30 sen. But it is harder to hit above 40 sen, unless the goreng master chooses to churn both the price and vol at the same time.
After the panic selling initiated by the mkt operators in the morning, most counters are trading lower, but near the day's highs. A good sign. It shows mkt operators are more inclined to support the prices higher, than let them have a free fall. Of course, ultimately the share prices will depend on mkt sentiments and conditions.
What to do? China and HK mkts are down again. But I can see that it is just sliding lower in low vol. No panic selling as most are waiting for the quarterly result due to report this month.
Although Coal prices hv no doubt risen faster than Coke prices, the latter seemed to catch up too and has remained resilient. My take is that this qrt results should be better in terms of margin.
Even mkt leaders like Sapura Energy are not pushing higher currently, how can we expect mkt follower like Hua An to move first, when there is no good news specifically to support it? The goreng master is no fool. He does not churn up or gap up for no reason.
The same goes for stock promotors in this forum too, they promote with a reason. So, pls sieve through what they say, including mine or you can end up as hairy crabs anytime in a stock mkt.
Seems like some smart guys have understood the mkt signal that I highlighted. Let's see if the 25 sen resistance set by the goreng master can be broken convincingly today or a false break-through.
It is getting more interesting....
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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....
paloma
81 posts
Posted by paloma > 2018-10-09 10:58 | Report Abuse
Still not sure up or down after qr released