but i c mbb valuation is rather empty..... tp 4.20 is counting on d far far future 2015 a lot... n project win of 1 bil may not b enough to make tis co fry....
MHB has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 3.75 reinforcing the bullishness in the recent price movement. Ideally one would like to see an increase in traded volume to demonstrate the enthusiasm of the traders to push the price past this technical resistance level. However, there was a decrease in the traded volume in this breakout. Hence it is important to monitor the immediate price volume action to ascertain the validity of this breakout.
Seem that 3.80 is another resistance. I personally dont like to trade breakouts , will wait patiently for another entry signal .Shooting star was formed yesterday , but the price still moving north. Just love the chart setup... A stock to WATCH
MHB chart looks good and is on uptrend since hitting all time low of 3.17 on 30 June 2013.
Just ride the UPTREND as long as MHB uptrend is still intact.
I detect similar chart characteristic in MAS as well although MAS hit all time low on 29 June 2013(a day earlier than MHB)but MHB had already broken out while MAS is still squeezing at upper BB.
Just ride the Uptrend of MHB, I like this phrase, Thank You Mr Tsurukame. how to ride this uptrend? Sometime it is very difficult seeing the stocks you hold are in the money,we are eager to sell, the moment you sell , you realised the profit. But after you sold the price keep going up, we ended up seeing it rises but we hv run out of stocks. To ride the uptrend to benefit the max really need a lot of brain work. For traders, we are eager to lockin profit, in order to ride this uptrend and benefit greatly we hv to go long again after squaring off the position. always hv MHB stocks in hand to avoid disappointment. MHB has seen slow, consistent buying, the Bulls are definitely charging, forcing the bears to hide. The sellers are drying off day by day. SO pls keep taking long positions and enjoy the Uptrend.
qqq668, AS long as MHB fundamentals keep on improving(increasing EBIT , increasing EPS, new order intakes, frame agreements with major OEMs to reduce cost, increasing technical competency in fabrication that empowers MHB to be a high end niche fabricator for difficult jobs which means higher contribution margin to bottom line ) I will hold onto MHB stock and just ride the UPTREND.
The moment the fundamentals deteriorate, I will cut out of MHB. Fundamentals that I attach extreme importance to is Gross Margin, EBIT, EPS, Cashflow management, Quantum, Quality and Value of Order Intakes- Is it high end or low end).
Today I keep selling 100 shares each when the quotes are 3.85/3.87. Every time I put a selling at 3.86 at 100 shares, it will be eaten up in split seconds. This was done almost the whole day, not less than 6 trx.
Does sharks have a system to kinda eat up any quotes that comes in between 3.85/3.87 ie 3.86
This is the work of the big boy showing their strength in pushing Mhb higher. They will clear anyone blocking their way. They clear yr stock in split seconds to tell the market they hv a lot of bullet to clear the sellers. They do it very confidently, scaring the potential seller n drawing buying in to buy. BULL IS CHARGING
if u expect misc can go 6.00 and above...how far mhb can go...mhb 60% in misc... direct proxy from petronas...they try collect more mhb at 4.00 and below to average the cost..
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....
pirate99
822 posts
Posted by pirate99 > 2013-07-04 15:17 | Report Abuse
from 8.xx drop to 3.xx..
possible or not.. market to decide.. :)