Support Ssteel ..... this few months average price is around 2.25 ...... the only thing is wait for next push ..... TP is around 2.80-3.00 in between ...... Need to wait for better market sentiment and funds in, maybe in somewhere December ...... Need to hold maybe at least 2 weeks .....
Dont try to predict short term price movements....market prices can become extremely undervalued and vice versa at times. This has been and had been the case throughout the history of stock markets the world over. So be patient people....have trust in yourselves first....nothing beats fundamentals over time...do always remember this.
There are several factors in play: 1.Property sector sluggish- a lot of overhang of newly built units. 2.Mega projects roll-out slow.Waiting for post GE14. 3.Federal Reserve Board,USA on target to increase their monetary rate.If that happens more outflow of foreign funds from our local equity market? 4.Presently,Bursa caught in the bearish mode.
Markets can become very irrational at times.....either can happen..... IRRATIONALLY EXUBERANT OR IRRATIONALLY DEPRESSED The latter seems to be the case right now....creating opportunities every now and then.
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....
lkwah86
259 posts
Posted by lkwah86 > 2017-11-29 15:05 | Report Abuse
+3% as of now, a bit disappointed