Different people has different definition for falling knife. Some term it as falling knife even if the stock falls 3% or less, probably at their stop loss level. Others call 1/3 retracement as falling knife as it eats into their profit. There r also some investors who hv mistaken falling gem as falling knife. All in all, it makes stock investment interesting.
if you are buying when the trend is down, it is consider collect falling knife ... pphb up from 70 cent, highest 89 cent ... now taking a breath and people take profit ... so if you start to collect from 85 cent, now is 0.825 cent ... and more drop expect to come till 80 cent ...
It's just a wedge formation, a consolidation stage which is not termed as falling knife la. Upon breakout, w5 will continue. Expecting tomorrow's range being narrowed down to 1 ct if the breakout does not happen. Waaah, there r hundreds of falling knives in klse if we based on your definition, very dangerous man. How to trade? Sure kena stab here n there n get injured all over.
Public Packages Holdings (PP MK) Technical BUY with +14.0% potential return Last price : RM0.870 Target Price : RM0.950, RM1.00 Support : RM0.820 Stop-loss: RM0.810 BUY with a target price of RM1.00 with stoploss below RM0.810. Following our earlier BUY call on 27 Mar 14, PP’s share price hit our initial target price of RM0.870 on 1 Jul 14 before hitting a new high at RM0.895. Following the pullback afterwards, PP recovered and formed a classic “1,2,3 formation” yesterday. As the share price rose above the 10-day SMA line, a higher trading volume was also recorded which indicates the presence of renewed buying interest. Positive readings from both RSI and MACD indicators have shown a rising momentum which in turn is likely to push the share price higher. We revise our target price as we peg the mediumterm upside at the psychological level of RM1.00. Timeframe: 2-weeks to 2-months
NTA IS RM1.34,it's now trading at 0.7* times only......why cant it be trade at 1.5 times??that rm 2...?????????? joan23...if wan sell,pls atleast wait untill 1.34,be reasonable!!
Recently there is a 30% rise in paper related products. Prices of muda, ornapaper, masterpack and asiafile shot up. Kpscb is the laggard. Remember Ipmuda was a laggard at 76 cts?
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....
ykgykg
341 posts
Posted by ykgykg > 2014-07-05 22:22 | Report Abuse
Still strong support at 85cents. Another junior Muda in the making. Rm 1.00 should justified its strong underlying value and promising future.