Any oil and gas sector is to be deem as mid to long term investment, dont treat it as short term. You need to be aware, not much work can be done for the time being as the monsoon season is happening at south china seas. If a lump sum contract work awarded, then not much activities, but if they are awarded daily rates, then they get money even tho they are not working...RM1.20 sounds reasonable, immediate TP 75sens then will go up. TA wise, the charts seems accumulating and within 30-70% RSI
Tp 1.20 is possible i predict around february as its merely rebound back to its previous price and Elliot Wave 3 should be longer than Elliot Wave 1 as wave 1 upside +0.20 only wave 3 should be more than +0.20, just mark my words, PERDANA can do it why cant ALAM. Good luck :)
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....
Lawrence Kwan Vui Juin
434 posts
Posted by Lawrence Kwan Vui Juin > 2012-12-31 11:04 | Report Abuse
haha...i already no confident with this counter..Rm1.20 may have to wait another two years time lo