Shares buy back on the way by company . Very soon its shares will rebound back above rm 0.70 cents . They are very smart and let you people push down the shares prices first before they collect back later .
With this kind of counter, have to abide by what the technical charts indicate. Must get out of the way and let the correction work through the process first. Not wise to be stubborn and go against the trend. Its business and potentials are secondary. For traders price is all that matters. It will find a floor. Just need to be patient for now.
Let's just look at the very near future and not think about what it will be months from now. The immediate critical level is 0.66. Looks to be a good entry point. But if this strong support is breached, it is prudent to sell and take a small loss instead of waiting and hoping. So far, despite all the negative talk and sentiment, at least JCY has still managed to stay above 0.66. That shows strong support. It might change though, so it's always good to have an exit plan should things not work out.
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....
youkian2
332 posts
Posted by youkian2 > 2016-02-27 11:51 | Report Abuse
Not clear about your views, Kindly elaborate more,