Friday, Nggb fought the best to go up. From 53.5c previous closed to 56.5c. However market sentiments did not support. From a drastic down the previous day, it was really impressive to see the next day going up.Have great potential to go up again. If the MOU succeeds, the nearest TP would be around 90cents. Any positive news from the MOU will jack the price. Only have to wait patiently.
The sharks took opportunity to sell. However they are not out. They are playing again to sell higher. This time I expect they will sell again at 70 cents when another good news out. They will repeat this process till it hits 90 cents. By then the MOU will be signed and the loan would have received. From then, the price will linger around 90 cents and 1.00
Nggb should be trading higher if there is no external negative news namely DJones etc. So far KLCI is stable, it is a good news for Nggb. The way it traded today felt like someone is collecting. I hope it is the Japanese counterpart. If it is so, then you should see a higher price soon. Of course a resistance can be expected above 60 cents. I hope that it won’t be bad as last week.
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....
Najibponterer
88 posts
Posted by Najibponterer > 2018-11-08 18:48 | Report Abuse
Based on TA....buy at 50-52 sen