Bro strategisst, AWC, 1st chart, #3 graph, My Crossing, watch the top yellow and red solid line movement. #6 graph, ShortTermVolume+PriceOscillator SVAPO, watch this one.
Note: to have a better view of the chart, click on the chart and save it to your pc. From there, you can zoom on it.
All the best to you and as a friend will say, "don't get carry away"
AWC, 2nd chart, #1 graph, when ever those colored line turning together(different period), I will watch out. Look at the previous turn. and draw a line vertically and compare it. 2 points, accumulation or distribution.
#5 graph, look at the "thin green and red" against the horizontal red line.
As usual ... "Invest wisely and always have some reservation for yourself when reading the comments from unknown human being in the forum including this NoManLand."
An interesting article to read ... ... Low prices now, but high prices in the future? But El-Badri also said that the large cuts to upstream investment today will lead to “a very high price” in the future. “The concern is no investment now, no supply in the future. It’s as simple as that,” El-Badri said. “If there’s no supply coming to the market, prices will go up.”
That is another conclusion in which the IEA and OPEC are in agreement. The IEA said basically the same thing in its Medium Term Oil Market Report, warning that the dearth of investment today could create the conditions for a price spike in the future. With most of the industry scaling-back exploration, the potential for a sharp rise in prices will be just “as de-stabilising as the sharp oil price fall has proved to be,” the IEA wrote. ...
OPEC and IEA had been talking about the cut on investment for O&G since 2years ago when this turmoil started and yet we don't see the investment cut till it rebalance supply & demand yet. Probably another 2years of talking then the result will be showned on the oil price. In the mean time enjoy the cheap oil price its here to stay as nobody wants to cut yet and till dearth do they cut.
MC88 It has to break the private placement price of 50.5 cents first. The company performance should get better from now on. No bad news 27/02/2016 19:26
It should brother, just tunggu lah....coming sooner than you think.
KNM has been a dog for so long since beginning of this year. Many have bought in at low price. There is no surprise it is very hard to go up. What's we are seeing is consolidation. When it is done consolidation, let's hope it is heading to at least RM0.55. More good thing coming from this counter.
Oil is pulling away from the market’s biggest storm in seven years. A measure of price volatility has tumbled from the highest level since January 2009 as the market frenzy eases amid a potential pact between the world’s largest producers to freeze output.
“Since the Saudis and Russia reached an agreement to freeze output, volatility in the market has eased and oil prices have stabilized with the focus shifting back to fundamentals,” said Hong Sung Ki, a senior analyst at Samsung Futures Inc. “More stable oil prices are expected in the coming months, possibly up to the $40 level, at least until the next OPEC meeting in June.”
U.S. production slid for a sixth week through the week ended Feb. 26 to 9.08 million barrels a day, the lowest level since November 2014, according to the Energy Information Administration. That’s the longest run of declines since September. Key members of OPEC intend to meet with other producers in Russia this month to renew talks on the freeze deal, according to Nigerian Minister of State for Petroleum Resources Emmanuel Ibe Kachikwu. There will be a “dramatic price movement” when the gathering takes place, he said Thursday.
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....
1009
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Posted by 1009 > 2016-02-22 16:20 | Report Abuse
oil up 3% Knm gogogooo...