I think the technical structure is quite rock solid as bullish pennants have been developing, signifying price level consolidation and the absence of selling pressure. Since July, the price has been moving sideways. But from the outset of August, the price goes down (still above the support level)> but if you run thru the indicators, what do u see? Maybe, maybe, maybe, some are accumulating the shares now. From the technical analysis p.o.v., there is no way we can predict when the price will move. But we can at least know that investors' sentiment in this counter is bullish at the moment. Considering the prospect of the industry and the expansion plan of this company. But your money, then it is you to decide.
rr88 every single post in whole forum is SELL, SELL...SELL, SELL or kasi flood it with negative sentiment...pity this boy all he see is red sea all the time, do not know how to do winning trade!! :P
SUBUR(6904) is the best furniture stock with oil palm estate, it is only 83.5cent. Latest financial quarterly result, EPS= 10.29 cent, NAV= RM3.07. Can consider to buy it.
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....
tamarindo
1,008 posts
Posted by tamarindo > 2021-08-27 13:48 | Report Abuse
It will no longer retrace below 2.00. Last time got people scared weak holders. No is time to move up. Bit by bit