Guys , this counter has been in the doldrum for a while ppending the PP ..now PP done at 22cts...maybe it about time for it to move... downside risks mitigated....
From Stochastic RSI, from weekly the Warrant B for this stock indicate an uptrend, where the K line crossed up the D line. This might be the reason why there was suddenly price rising few days ago when traders expected the price to begin to rise up. However, the Bollinger Band start to squeeze and it is normal of most traders with technical knowledge to give some positive attentions to this stock price movement.
The MACD also show the weak uptrend, since both line are below zero line. For now the candlestick for the mothershare still below 20 moving average in the Bollinger Band, but it getting closer to cross up the 20 moving average. If the price cross up the 20 moving average line, then it will be into watchlist.
The earning are still negative which is not very good for the fundamental. Since the MCO has been lifted up slowly by the positive news of vaccinations, the company which is located in Johor Bahru will start to moving their economic activities soon. We hope to see the company to do well for the benefits of their workers and investors.
This is not a buy call, it is just an opinion based technical analysis. We should not gamble to buy a stock. It is very best to learn the technical and fundamental of stock marketing and trading before we jump into stock trading and investing. If you have any opinion, you can share it but others should not just believe it before making some research or study.
Do not follow or just believe any comments, we should first recheck it by using our knowledge in stock trading, using charts and fundamentals reports.
Based on MA20 today, the MA20 (current value is 0.062) is another consistent support or resistance become support for the Warrant B of this share, which it's chart has the nearly same pattern as the mothershare. Since this is still a new launched warrant, the MA200 is still not valid. By comparing the line of MA20 and MA30, we can see that the line of MA20 is slowly moving up to touch MA30 (current value is 0.0692) .
However, the candlestick body of today price movement is already turn from red to green, while maintaing around MA20 and start to touch MA30. This is a chart reading which can be done by anyone with the technical knowledge using any free stock chart web tool on the internet, and it is not a buy call. This review doesn't suggest buy or sell, it just a comment of what can be seen on the current chart price movement.
Learning technical and fundamental of stock market price is better than believing rumors. We are stock traders with knowledge, not gamblers.
Start a healthy trading culture for the sake of our country and our people by learning stock trading from official coach, and stop th stock gambling habit.
bulan satu lepas cutloss dekat 0.550 konon konon nak "catch a falling knife" rugi rm1,000. hari ni dah 2 bulan sideways dekat 0.220.. lebih separuh dari harga cutloss.. sekarang nampak macam accumulation, rasa bulan depan baru start naik balik ni.. nak masuk balik atau x, atau nak tunggu breakout? tapi kaunter lain banyak yang best best sedang terbang terbang..
kalau tak naik maka stayput saje..... tak ada orang minat maka tak ada orang buang lagi
Posted by imvu > Mar 13, 2021 10:55 AM | Report Abuse
bulan satu lepas cutloss dekat 0.550 konon konon nak "catch a falling knife" rugi rm1,000. hari ni dah 2 bulan sideways dekat 0.220.. lebih separuh dari harga cutloss.. sekarang nampak macam accumulation, rasa bulan depan baru start naik balik ni.. nak masuk balik atau x, atau nak tunggu breakout? tapi kaunter lain banyak yang best best sedang terbang terbang..
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....
duitKWSPkita
26,756 posts
Posted by duitKWSPkita > 2021-03-05 16:18 | Report Abuse
I already masuk Jor