Once the volume pick-up again.. then it shall move up close to 0.260 and further if broken. Otherwise, flushing of contra traders and accumulation at lower prices continues..
Now to accumulate the share at around 21.5 to 22 cents as main players will follow the trend of "Systech" after collecting shares from contra sellers nowaday. Good luck !
upper cloud senkou span a position at 22cts. This counter acid test ratio 8 times far more than O&G counter at level of 1 to 2 times. It should be cash rich company compare to other penny stock counter.
the setback is PE ratio a bit high due to low dividend payout. The current asset value worth about 86mil (refer to last balance sheet) as compare to current equity market value of 76mil.
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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....
kingoftheworld
80 posts
Posted by kingoftheworld > 2014-11-22 18:49 | Report Abuse
mostly will rebound