Counter continues to drop because of one of the key shareholder Dato Lua keeps selling his stake. With the profitable result released by its Hong Kong's subsidiary FurniWeb, the share bounced up. Accordingly to the early statement in report, the company will start to distribute dividend after FurniWeb turnaround.
Something happen to this counter as the stock price suddenly surged up and it was above MA200. Window gap (RM0.165) is the support. POC at 0.145. As at today 1st session closed, the big volume is still not flushes out, indicating the stock may move further however it is still early to jump into the conclusion.
good closing at 17.5..... might see the previous high of 18.5 to be broken again in coming days..... still need to see the price breaks 20c for potential uptrend..... might go back to previous high range of 25-30..... let's see how soon this can happen....
holding well at 17.... still need to break the previous high of 18.5...... potential long term uptrend, the price must move above 20.... hope to see the play range between 25-30..... happy holidays and good luck to all....
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....
pts2222
92 posts
Posted by pts2222 > 2024-01-05 14:13 | Report Abuse
天长路远魂飞苦,梦魂不到关山难。。
耐心等待吧!🙏
路漫漫其修远兮,吾将上下而求索