weekly already break 7.57 most probably will go up to 7.80. strong resistance will be 7.75 and then will shoot towards 9.30 correct me if im wrong just for sharing
base on chart Magni is at consolidating mode. some fund are buying they need to shake out all the weak holder in order to push higher. after set the footing the stock will inch up like no tomorrow. i think the profit still intact just need to be patient.
THe fact is Magni is much cheaper than Prlexus in term of valuation. Do not based on the stock price / PE alone to value a stock. Stock price tell nothing about the company value.
11-Aug-2017 Insider PERBADANAN NASIONAL BERHAD (a substantial shareholder) disposed 625,000 shares on 09-Aug-2017. 11-Aug-2017 Insider TAN SRI DATO SERI TAN KOK PING (a company director) acquired 50,000 shares at 7.100 on 11-Aug-2017. 10-Aug-2017 Insider DATO' DR. TENGKU RETHWAN BIN TENGKU MANSOR (a substantial shareholder) disposed 625,000 shares on 09-Aug-2017. http://klse.i3investor.com/servlets/stk/7087.jsp
RainT, no doubt Prlexus have potential since it is expanding but whether it can be executed as planned is another story. I would rather wait for another few QR nefore decide. Price maybe higher by that time but less risk.
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....
Tan CK
25 posts
Posted by Tan CK > 2017-07-29 00:07 | Report Abuse
price RM8 and above, easy job la...