Ascending Triangle is a good sign but the problem is volume and timing,..Don't know what is this counter want to wait for.. just bought at RM0.975 level this afternoon.. (hope this time no more burnt hand.. 2x i burnt by this counter)may be need to learn more about timing and charting.
Dont worry it was mainly due to weak mkt sentiments for the past 3 days PANTECH still well supported & hovering between 0.97- 0.985.........just need another 0.015 - 0.03 sen to cross over mild resistance RM1.00 mark.......& after that it will be 'limbo rock' music all the way.....+1 sen......+1 sen.......momentum to RM1.08.............RM1.15.........Cheers.....& ....be positive......
Hv confidence & be positive. Nobody can predict the direction of the equity mkt. The mkt somtime create surprises to the investors by reversal of human being's expectation. Good luck.
From yesterday closed it was formed a 'homing pigeon pattern'. that the sign of people who are selling now are minimal.Today the price should move upward but it failed to move due to no volume to push it up. At the end of today it close with a 'gravestone doji '.. Hope tomorrow market in a good mode and this share price will move up ward by 1 cents or more..
I am very positive it will happen soon...If I read the chart correctly, it is showing strong technical indicators that it shud be now....no wonder it is very stable at 97.5-98 regardless of market condition....
I am more confident with bro trustme932 chart as per his comment below....timing......enjoy your dividend....
Sang Jero...good news for u,there maybe a good chance to c yr darling stock hitting the 1.04 top for this month if 0.945 supp break from now...timing will be between 19.09 to 24.09 2013.
'Gravestone Doji' is a term used for Technical Analysis (TA), as a type of candlestick that is formed when the opening & closing price of the stock r equal & occur at the low of the day. The chart suggests that the day's buying pressure was countered by the sellers & that the forces of supply & demand r nearing a balance.
dont have to c where it closes today or any day...there is a classic uptrend channel pattern with higher low base n this upwave count calls for a test above 1.00 up to 1.04,POSITIVE!Timing of this move wud come at early part of next week.
The US DJIA was up 55.10 points (0.36%), the S&P was up 5.88 points (0.35%) & NASDAQ was up 26.33 points (0.70%), snapping a five-day losing streak on positive data about the labour mkt.
PANTECH....cheers....moving forward with the positive momentum
pantech has stopped to be one of the top 30 stocks in i3investor now...brapa lama mau tunggu dah... :( ...same trade everyday with thin volume ... may be i should just sell now??
usry....Don't worry on the iculs.....no effect......RHB TP of 1.43 has factor in ICULS.....Without ICULS TP is 1.60......You mentioned that you got burnt twice on this counter....but amazingly you come back....You reenter Pantech simply because you have confident in Pantech....Sabar bro....Anyway....your decision....cheers...
Bro Sang Jero: i joint the boat when i look at the chart Pantech in an uptrend mode..so i want to joint the ride.. from fundamental. This company also look good.. The main problem is more bumper and road block in front of this journey.. (the listing of ICULUS and overal market centiment)
Bro usry..Yes I agree it is a bumpy ride but low risk.....timing....I am very confident we will be in the money....So far I am comfortable plus dividend....cheers...
The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to trend higher next week, boosted by positive economic data in the US and the anticipation of positive surprises from the coming UMNO general assembly and Budget 2014.
Affin Investment Bank vice president and head of retail research, Dr Nazri Khan, said the FBM KLCI could be ripe for a corrective rebound as the key index was already on a five-day losing streak.
"Further strength above 1,780 support level should keep the bulls in control and points to a quick rally towards 1,800 resistance level," he told Bernama.
Nazri said the market sentiment would get short-term relief from the latest economic data which showed that the number of Americans filing first-time claims for unemployment benefits had fallen to the lowest level in six years suggesting improving US economy and jobs market.
"This is also helped by the reports of possibly lower 2014 Japanese corporate tax rates and talk that the world largest Japanese Government Pension Investment Fund might buy more equities in the region," he said.
Meanwhile, positive surprises from the coming UMNO general assembly and Budget 2014 slated on October 19 and 25 respectively should draw more bulls back into bourse.
On a Friday-to-Friday basis, the FBM KLCI eased 25.67 points to 1,776.16 from 1,801.83 last Friday.
The Finance Index dropped 452.45 points to 16,577.82, Industrial Index fell 14.96 points to 3,034.31 and the Plantation Index eased 15.16 points to 8,318.74.
The FBM Emas Index lost 145.12 points to 12,349.30 and FBM Mid 70 Index fell 74.05 points to 14,409.23.
The FBM ACE Index, however, surged 211.22 points to 5,571.17.
Weekly volume rose to 10.636 billion billion shares valued at RM9.17 billion from 7.284 billion shares valued at RM8.41 billion last week.
The main market turnover increased to 7.490 billion units worth RM8.494 billion from 5.759 billion units worth RM8.106 billion last Friday.
Volume on the ACE Market rose to 2.898 billion shares valued at RM659.78 million from 1.440 billion shares valued at RM219.64 million last week.
Warrants increased to 220.267 million units worth RM19.829 million against 183.403 million units worth RM23.315 million previously.
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....
usry
1,202 posts
Posted by usry > 2013-09-25 17:15 | Report Abuse
Ascending Triangle is a good sign but the problem is volume and timing,..Don't know what is this counter want to wait for.. just bought at RM0.975 level this afternoon.. (hope this time no more burnt hand.. 2x i burnt by this counter)may be need to learn more about timing and charting.