since everybody here already factor in the news of RAPID and the financial close of the UK project, the golden question is whether will the price will go further after the announcement? Or we will see profit taking. Winning RAPID does not guarantee profitability in executing the project. We have seen in the past few years Gen Lee was busy in projects globally but it did not translate into profitability. Just my 2 cents.
shooting star or gravestone doji is not necessarily drop.. u have to check the next day candle to decide. The long upper shadow of the Shooting Star implies that the market tested to find where resistance and supply was located. When the market found the area of resistance, the highs of the day, bears began to push prices lower, ending the day near the opening price. Thus, the bullish advance upward was rejected by the bears. Traders knew, the resistance was 1.0, and were testing to break it, but since could not break, they sold near to end of the day and further more its friday. These are Day traders or Contra traders. They dont want to keep, because monday need to sell. Thats what happened today. The trend is going up and will test R1 = 1.0 again before testing R2 at 1.06
all predicktions are wrong wrong wrong :) General Tiger Lee will march his armies led by Commander Yuungshen1 to scale up high to Himayan Mountain 1.0 then 1.5 the 5 then finally 10 and will bring back glory to motherland just like the good old days when the ruthless General will once again rule the world err Bursa hehe. Congratulations to you my friend Yungsheng1. Gambateh!
A lot ppl r queing up to buy at below 0.95 including me. So whether next wk is moving up or down still s a gd thing as eventually its final destination wil be up above RM1.00...
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kennyukm
429 posts
Posted by kennyukm > 2014-07-04 12:03 | Report Abuse
seem good news coming soon...