sure down because the 380 millions receive from the disposal not enough to cover the loan & liabilities of the company, yet alone giving out cash dividend to the shareholders.
Andrew, if using the chart on interachart.com, MA20 (0.379) has crossed over MA200 (0.376). If using maybank chart, MA20 (0.375) is still below MA200 (0.376).
When a short term MA crosses over long term MA, it is golden cross. For short term MA, some analyst will take MA20, some will take MA50, it is very subjective. If we take MA20 as golden cross, it will cross MA200 on next Monday. If we take MA50 as golden cross, we may need to wait another 7 - 10days for it to cross over MA200.
It has supporting at 0.42. How accurate this TA is, I don't know. I just share what I know. Don't too trust the TA as price can be manipulated by operator. Buy/sell on your own judgement
Why rely on chart? Today got good news, many people buy, so MA20 cross above MA200, so you go and buy. Then tomorrow overall market down, many people sell, so MA20 cross below MA200, you sell again. Then another day market rumour said company got new contract, many people buy, MA20 cross above MA200 again, then you buy again. One week later, 1MDB got bad news, KLCI drop heavily, MA20 cross below MA200, you sell again.
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....
calvintaneng
56,901 posts
Posted by calvintaneng > 2017-01-19 09:59 | Report Abuse
Silk should not sell the highway. It is a Cash cow