we had a spike rise from .50 to 90 (40 sen) followed by a period of consolidation then we had another spike rise from .90 to 1.3 (40 sen) followed by a period of consolidation. Now I expect another spike rise from 1.3 to 1.7 (40 sen) followed by yet another period of consolidation.
Nothing ever goes straight up forever. After any real pop in price it is certain that there will be congestion, digestion and a shaking out of weak hands before the next "spike".
This doesn't always happen though and sometimes there is a slow and steady rise to fair value. This is orderly and some might argue better for contra players but the market always tries to disappoint as many as possible.
I have this 90:10 rule that says 10% of investors take home 90% of the profits and 90% of investors take home 10% of the profits.
A good profit making company with NTA of RM1.70 n has been paying dividends although small but still a good gesture for the shareholders, good for long term investments. My opinion only. Trade at own risk.
I have 100% confidence in this stock,strong fundamentals, at this price is very very cheap,it can surge up any time except whether the big boys have accumulated enough to let it go up.Buy by cash and hold tightly you won't lose money on this counter.
Insas may rebound after the latest white candle. Traders may opt to purchase the stock if it closes above MYR1.25 today, with a close below MYR1.20 as a stop-loss. If the MYR1.35 resistance is broken,the price target would be MYR1.45. The stock could trend lower if it fails to get above MYR1.25, while downside risk will increase if the stop-loss is triggered.
johnny, i have different thought from RHB. From end of day data last Friday, insas tends to start consolidation. The support is 1.18 and resistance is 1.33, this means the sideway range is from 1.18 to 1.33. Trade with own risk.
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matt_att
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Posted by matt_att > 2014-04-17 10:45 | Report Abuse
but ask king of INSAS , Leno dont come in, as and when Leno come in, INSAS will drop .......