Blogged on HEIM here. HEIM closed at the downtrend line resistance, a line swing traders usually respects because it connects 5 points and is normally considered an important resistance.
However, as long term dividend investor, I am ignoring it and just holding. This is because on monthly candle charts spanning 30 years of prices, it is still near the accumulation zone connecting nearly 20 points over 30 year period i.e. this line is much stronger than the first line.
I explain in more detail in my article.
Thanks to 28 greens (including HEIM) offseting 12 reds, my portfolio hit new all time high again today, as KLCI powers up.
Glad I ignored that downtrend line resistance. HEIM today powered up strongly +84 sen! The long term uptrend holds, when we look at the monthly chart. Thanks to HEIM and other greens offsetting reds, and thanks to KLCI edging up, my portfolio made a new all time highs again! Thank-you Mr Market.
Blackrock bought this Heineken at RM 24 per share, thinking that this price is fair value to buy and hold. Currently, Heineken is trading below 24! You do the maths, you should know the upside probability is high!
Guess they taking profit (minority) or cut loss (majority) to invest in data center related companies. Many trading gurus in FB, youtube, telegram or TikTok are promoting and convincing them to switch to strong sectors.
@James is it similar to covid time, where everyone play gloves? now everyone play datacenter . result in people dumping heineken? but why no hedge fund buying
Bingo! Congrats my comrades! Haha! We r laughing to the bank again!
Yeah congrats to James_BOMB the Chinaman for the latest CHINA SCANDAL: consuming poisoned cooking oil from China fuel oil tanks that were not cleaned because these sly mainlanders value $ over human life!
Skali we expose Xiaomeeeee manufacturing electronics with waste radioactive scrap metals costing next to nothing!🤣
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rickygiam
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Posted by rickygiam > 2024-03-28 15:29 | Report Abuse
I wonder will go up next weeek...