Look at CA and CB... Mother moved so much and they are still stucked there... CA still 0.20 and CB still way behind.. Look at their premiums... -7.68% and -8.29% ..
tomtom, If i were you, I will sell on the next push up for CA. Very low possibility that the CA will reach 30cents in the near short term. However, this is just my opinion. Please make your own decission ya :) Btw, I sold my CA today (lost a bit, 5 cents lost)... and I sold my CB today too, with some gains... Good luck ! ;)
PMETAL caught investors’ eyes again after it announced that a Japanese company had offered a higher price to buy 20% of its subsidiary. Yesterday, PMETAL surged 10 sen and settled at RM4.03. Chart wise, PMETAL has broken out from a ‘Bullish Pennant’ chart pattern, indicating a continuation of its prior uptrend. Positive readings from key momentum indicators (MACD, Stochastic and RSI) and increase in daily trading volume are suggesting that buying interests is pilling up. We reckon that should buying interest persist, PMETAL could surge higher towards its next resistance level of RM4.29 (R1) and possibly RM4.47 (R2) next. Traders who look to buy into the stock should aim to take profit at RM5.12 (3 bids below the RM5.15 chart pattern measurement objective), while placing a stop-loss at RM3.69.
Reminds me of the hare and tortoise story......rabbit surge ahead, tortoise lagging badly behind. But given time, tortoise will emerge victorious. Hope this story will come true for this stock....for the ca and cb....
AbbyLOO . I believed it is going up because of it has strong fundamental . Beside strong fundamental it is also because the review by Kenanga Research & Investment :
PMETAL caught investors’ eyes again after it announced that a Japanese company had offered a higher price to buy 20% of its subsidiary. Yesterday, PMETAL surged 10 sen and settled at RM4.03. Chart wise, PMETAL has broken out from a ‘Bullish Pennant’ chart pattern, indicating a continuation of its prior uptrend. Positive readings from key momentum indicators (MACD, Stochastic and RSI) and increase in daily trading volume are suggesting that buying interests is pilling up. We reckon that should buying interest persist, PMETAL could surge higher towards its next resistance level of RM4.29 (R1) and possibly RM4.47 (R2) next. Traders who look to buy into the stock should aim to take profit at RM5.12 (3 bids below the RM5.15 chart pattern measurement objective), while placing a stop-loss at RM3.69.
Thanks Slnvestor the closing drop quite abit today. i saw u posted this on 01/7 but the annoucement of the additinal listing is on 02/7 for 3/7 lsiting & hence the query.
Press Metal (PRESS MK) Take Profit. Technical SELL with -8.0% potential downside Last price : RM4.35 Target Price : RM4.11, RM4.00 Resistance : RM4.47 Stop-loss: RM4.50 SELL with a target price of RM4.00 with stoploss above RM4.50. Following our earlier BUY call at the price of RM3.64 on 9 Jun 14, PRESS’s share price surged past our target price and hit a new high at RM4.47 on 8 Jul 14. However, the saturated trading volume in the past 4 days signifies a lack of demand. Also, a bearish crossover in both Stochastic and DMI suggests buying momentum is easing and a weaker uptrend movement can be expected. As such, we expect a slight pullback in the share price in the near term. We suggest investors lock in the recent gain of 19% as PRESS may test the rising trendline and the psychological level of RM4.00 as the shortterm trend looks exhausted. Timeframe: 1-week to 1-month
Daily RSI is trending downwards, so consolidation may continue a bit more. Breakout may have to wait till some insider news on 2nd qtr results start filtering out next month.
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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....
zhihao87
271 posts
Posted by zhihao87 > 2014-07-01 10:34 | Report Abuse
cb got 250... ca only 205 ...diffrent so high zzzzz