WASCO BERHAD

KLSE (MYR): WASCO (5142)

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Last Price

1.27

Today's Change

+0.02 (1.60%)

Day's Change

1.24 - 1.27

Trading Volume

574,800


3 people like this.

2,696 comment(s). Last comment by Why2TellMeWhy 1 month ago

ychong88

132 posts

Posted by ychong88 > 2023-01-18 10:09 | Report Abuse

waiting..................................................

Posted by Why2TellMeWhy > 2023-01-18 14:19 | Report Abuse

TP3.0 gogogo

ychong88

132 posts

Posted by ychong88 > 2023-01-18 15:29 | Report Abuse

hahaha......possible ka ??

Posted by Why2TellMeWhy > 2023-01-18 15:44 | Report Abuse

Why not? 3.5 bil book order and 5% net profit cukup, 774M shares and PE15. That's 3.39 heheh

Posted by Why2TellMeWhy > 2023-01-25 12:24 | Report Abuse

lets break above 0.71 gogogo

Posted by Why2TellMeWhy > 2023-01-26 16:27 | Report Abuse

gogogo Waseong. Lets break 0.82 cents!

ychong88

132 posts

Posted by ychong88 > 2023-01-26 17:07 | Report Abuse

finally..............yeah.....gogogo

Posted by Why2TellMeWhy > 2023-01-27 16:15 | Report Abuse

hehe, ychong88... wait for it to break 0.82 cents first. then we cheer for 0.93. more and more people will join here.

ychong88

132 posts

Posted by ychong88 > 2023-01-30 09:39 | Report Abuse

sure....waiting.......gogogo

tanrich

20 posts

Posted by tanrich > 2023-01-31 17:05 | Report Abuse

Qatar NFXP project awarded to Wah Seong? About US$100M. After that Malaysia Rosmari coming in. Looking good year of rabbit!!!

trader808

286 posts

Posted by trader808 > 2023-02-02 00:07 | Report Abuse

1. In the last 3 years Waseong had a spectacular fall from 1.45 in mid 2020 and hit bottom at 40 sen in 2021. Thereafter, it consolidated within a range of between 55 sen sen to 80 sen until July 2022.

2. Since then, the counter has staged a mini bull run and a confirmed uptrend supported by the announcement of project and award in the oil & gas industry from Yinson which is valued at 557.6 m.

3. The uptrend and its 1st leg began at 55 sen and soared to reach 68 sen for a gain of
13 sen. The 2nd leg which is a correction leg saw the counter retracted to 62 sen. That is a decline of 6 sen or 46%.

4.Early Jan it resumed its uptrend and kicked into the 3rd leg which is an up leg. Price has moved from 62 sen,and decisively broke the resistance at 68 sen and aggressively pushed upwards to reach an intra-day height of 77.5 sen to close the day at 75 sen which was down by 1.5 sen.
5. Technically, the trading day on 31st Jan is represented by a prominent red bar in the candle stick chart. This red bar is known as the 1st day reversal of the 3 leg uptrend. Those who rely on technical analysis to trade would have sold at 75 sen before market closed.
6.If there is any truth with technical analysis it also means the 4th leg which is a correction leg has kicked in yesterday. How much is the correction and by how much price will fall before its resume its uptrend and accelerate into the 5th leg.

7. The 2nd leg retraction was 46% but the 4th leg retraction would usually be mild because the uptrend has been confirmed and advanced into it course. Investors are conscious and aware of the project, company prospects and future earnings.

8. Many will hold onto the shares and endure the fall. If this observation is served as a guidance share price would arbitrarily retract milder say 35%.
Now, 35% of 15 sen is 5.5 sen. If you take 77.5 sen minus 5.5 sen that would mean 72 sen .
9. Technically, it will hit 72 sen or maybe slightly lower before the counter will resume its 5th leg uptrend. From thereon it can possibly go sky high unless impacted by a fundamental change that has a material impact on the profit performance and earning per share.
10. This is my personal perception and technical opinion of the counter and it is not intended to influence your trading strategy and investment plan.
1/2/2023

kmohan62

484 posts

Posted by kmohan62 > 2023-02-02 12:32 | Report Abuse

This co has got some good management team...with projects flow..it will climb slowly but surely...

trader808

286 posts

Posted by trader808 > 2023-02-02 17:32 | Report Abuse

1.Today waseong opened and raised strongly during the trading session. It opened at 75 sen and reached an intra day high of 81.5 sen and thereafter experienced a massive sell down to close flat at 75 sen over huge volume exceeding 24 million shares.

2. In the candlestick chart the price movement and trading takes the shape and pattern of a shooting star or invert hammer.

3. Shooting star is a bearish candlestick in an uptrend as in Waseong. Clearly, profit taking has set in and the uptrend has lost and continued loosing its upwards momentum.

4. The implication of a shooting star signify that a reversal pattern has begun and will accelerate in the coming days.

5. Further selling and weakness in price is realistically expected.

6. Technical has prominently overshadowed fundamental.
2/2/23

Penarak

72 posts

Posted by Penarak > 2023-02-03 18:15 | Report Abuse

Look like Unkle Elvis has left the Building .

ychong88

132 posts

Posted by ychong88 > 2023-02-10 12:33 | Report Abuse

Wah Seong to see strong recovery in O&G activities | https://www.klsescreener.com/v2/news/view/1108471

Penarak

72 posts

Posted by Penarak > 2023-02-13 13:03 | Report Abuse

Unkle tui liao...

ychong88

132 posts

Posted by ychong88 > 2023-02-21 16:33 | Report Abuse

fake rebound ?

Posted by Why2TellMeWhy > 2023-02-23 23:51 | Report Abuse

holy smokes! 48M losses?

Income

10,265 posts

Posted by Income > 2023-02-24 08:28 | Report Abuse

https://youtube.com/shorts/P8KoMbR0kHo?feature=share
Public backlash?

Davidl

1,804 posts

Posted by Davidl > 2023-03-01 02:26 | Report Abuse

Uptrend towards 1.10

ychong88

132 posts

Posted by ychong88 > 2023-03-08 10:20 | Report Abuse

walk very slow like turtles.......up 1 bit back 2 bits....sien

Posted by Vincent8864 > 2023-04-03 13:14 | Report Abuse

The CFO said new project award announcement coming soon. Extension of Qatar project. No news yet.

tanrich

20 posts

Posted by tanrich > 2023-04-06 16:30 | Report Abuse

And also rosmari marjoram https://www.nsenergybusiness.com/projects/rosmari-marjoram-sour-gas-project-malaysia/

Australia Shell Crux is in the bag?

Posted by Vincent8864 > 2023-04-12 15:18 | Report Abuse

Today suddenly breakout. Good news coming?

Davidl

1,804 posts

Posted by Davidl > 2023-04-13 00:39 | Report Abuse

New project coming soon?

tanrich

20 posts

Posted by tanrich > 2023-04-14 09:27 | Report Abuse

Not new project. NEW PROJECTS!

CyrusQ

2,055 posts

Posted by CyrusQ > 2023-04-18 16:25 | Report Abuse

Heading to South ?

ychong88

132 posts

Posted by ychong88 > 2023-04-18 17:53 | Report Abuse

temporary heading to south

CyrusQ

2,055 posts

Posted by CyrusQ > 2023-04-19 09:44 | Report Abuse

No progress for today ?

CyrusQ

2,055 posts

Posted by CyrusQ > 2023-04-19 09:44 | Report Abuse

Holiday ?

CyrusQ

2,055 posts

Posted by CyrusQ > 2023-04-19 09:45 | Report Abuse

ychong88

temporary heading to south

# ~~~~~ System Down ~~~~~

ychong88

132 posts

Posted by ychong88 > 2023-04-19 11:06 | Report Abuse

hahaha...yup...system down

CyrusQ

2,055 posts

Posted by CyrusQ > 2023-04-20 10:39 | Report Abuse

Heading further to south ?

CyrusQ

2,055 posts

Posted by CyrusQ > 2023-04-25 17:20 | Report Abuse

Everyday new low .... bravo

CyrusQ

2,055 posts

Posted by CyrusQ > 2023-04-26 13:42 | Report Abuse

50 cent on the way

CyrusQ

2,055 posts

Posted by CyrusQ > 2023-04-27 10:49 | Report Abuse

40 cent ....

Posted by armadatuah2017 > 2023-04-28 07:46 | Report Abuse

not much use. so many projects but failed to secure profits. their Batam Yard is badly managed, not producing results

Posted by armadatuah2017 > 2023-04-28 16:42 | Report Abuse

boleh tahan this company. even with massive losses, they still able to maintain the price

Posted by armadatuah2017 > 2023-04-28 16:42 | Report Abuse

any idea on their next quarter report release?

bojed

5,064 posts

Posted by bojed > 2023-05-02 09:03 | Report Abuse

Bullish engulfing candle last Friday. Let's go!

ychong88

132 posts

Posted by ychong88 > 2023-05-02 15:30 | Report Abuse

recently is downtrend......

Posted by armadatuah2017 > 2023-05-03 09:49 | Report Abuse

when is the next quarter report from Waseong? any idea?

CyrusQ

2,055 posts

Posted by CyrusQ > 2023-05-05 09:40 | Report Abuse

10 cent otw

CyrusQ

2,055 posts

Posted by CyrusQ > 2023-05-08 14:10 | Report Abuse

5 cent .....

CyrusQ

2,055 posts

Posted by CyrusQ > 2023-05-10 21:07 | Report Abuse

Gone Case ........

Posted by armadatuah2017 > 2023-05-12 08:02 | Report Abuse

cantik waseong. good for contra.

Posted by Vincent8864 > 2023-05-12 19:05 | Report Abuse

This CyrusQ is a crazy guy? Wah Seong never go lower than 0.40. This company doing international projects. Haiyah do some research please don't just post rubbish here.

lloydlim

3,917 posts

Posted by lloydlim > 2023-05-19 14:26 | Report Abuse

Coming QR should be better than expected!

Posted by Vincent8864 > 2023-05-19 14:31 | Report Abuse

New project coming soon.

lloydlim

3,917 posts

Posted by lloydlim > 2023-05-20 11:40 | Report Abuse

Looking forward to trade at price above 1 soon

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