Yazid be patient coz most of them selling old stock and some selling as the TP. There is one more new warrant coming up i'm believe its can reach ard 1.20 before mid May.
If everyone of us can hold it until 1.20 before mid May it will go further more. so mst be patient!! look at this few day most of them buying at 1.08~1.10 so is a big chances to shoot up 1.20~1.30 in this May.
RSAWIT: Technical rebound amid grossly oversold position RSAWIT’s recent correction from 52-wk high of RM1.22 (10 Feb) to RM0.99 (16 May) has nearly reached the weekly lower Bollinger band at RM0.98 and we think a temporary base has been formed and a rebound is in the pipeline. If prices can continue to consolidate upwards after recent breakout from its downtrend channel (FIG3), there is a good chance that RSAWIT may reclaim RM1.07 (50% FR) and RM1.10 (38.2% FR) levels. A breakout above RM1.10 will spur prices to retest RM1.12 (23.6% FR) and 3M high at RM1.16. Significant resistance is RM1.22. Supports are RM0.97-0.99 and RM0.97 (100-d SMA). Cut loss below RM0.96.
diablo88, giving them vitamin@ medicine is better than giving them a liquid nitrogen for them to be self-burn. For info: Palm oil/commodities will take the lead in Q4/2012.
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....
Yazid Gonzales
149 posts
Posted by Yazid Gonzales > 2012-04-07 15:27 | Report Abuse
rsawit....rsawit....rsawit.... time to rebound