O&G sector is a very tricky sector,oil price up or down sometimes not really boosting the share price.Since when global slow down,the demand for energy already reduce,even the oil price is high also not bring any benefit for the company.Oil price drop, the high operation cost will kill the company revenue.The only conclusion is only suitable to play during bright market.
ya,the major effect that cause the price of alam to fall is his 2 business section reported slow in contract flow and recently the company lost the contract bid valued rm700m's subsea maintenance to skpetro...
rogerlim > what price you buy in? i but at 0.715 on tuesday.. hope will fly because last 2/3 week i buy at 0.61 and sell at 0.675.. hope this week will up to 0.8
in my opinion,the downtrend maybe continue for another 2 week to come... if tomorrow it can stand firm on 0.66-0.68,then only can you enter... if not,just wait it to hit to hit the support price....
5-day MA is now below 10-day and 20-day has gone on top. From what i can deduce, it's a healthy correction whereby the Signal will dip to negative territory and price should begin to move up... just a matter of time... RSI is already normal, not overbought/oversold too... =) looks good, if u can buy and keep..
well .expert says dont put all egg in 1 basket..but i dare 2b different..surely this counter will giv angpow,new year money..can cover losses as well.so my frens waste no time..consider this contr pls..
sory to say bro...the TA here still negative...and show downtren...mmm....mayb can average when the price is droping..wait 4 rite time 2 buy....heheheh....
well,TA is just a reference only and not 100% accurate on the price movement... this happen on THH during friday... last 10 day TA show it is downtrend but on the 11 day,the stock prove that the TA was wrong and many people get "cheat" by it....
cool down bro....just my 2 cent prediction...cheer....the TA n FA must be proposional each other, then the price sure up.....heheheh...for me the TA is for trading person n the FA is good for investor...just mine 2 cent...
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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....
loiteckyew
145 posts
Posted by loiteckyew > 2012-11-09 16:30 | Report Abuse
then good for hold or sell i buy 0.635 b4..