PRESS METAL ALUMINIUM HOLDINGS BERHAD

KLSE (MYR): PMETAL (8869)

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Last Price

5.30

Today's Change

-0.06 (1.12%)

Day's Change

5.28 - 5.38

Trading Volume

7,697,100


18 people like this.

15,895 comment(s). Last comment by Augustine 1 week ago

zhihao87

271 posts

Posted by zhihao87 > 2014-07-01 10:34 | Report Abuse

cb got 250... ca only 205 ...diffrent so high zzzzz

Slnvestor

231 posts

Posted by Slnvestor > 2014-07-01 10:38 | Report Abuse

wow suddenly surge 0.12 cent

zhihao87

271 posts

Posted by zhihao87 > 2014-07-01 10:40 | Report Abuse

hope later can go to 4200.....

SimonSezs

886 posts

Posted by SimonSezs > 2014-07-01 10:52 | Report Abuse

CA and CB ... lagging alot !! Especially CA....

zhihao87

271 posts

Posted by zhihao87 > 2014-07-01 11:01 | Report Abuse

mother 3600 ca is around 180-200 now mother 4040 ca oso 200。。。。 really sien~~~

Posted by myuptownboy > 2014-07-01 11:02 | Report Abuse

dun miss the potential son PMBTECH..for long term & potential privatize..

SimonSezs

886 posts

Posted by SimonSezs > 2014-07-01 11:04 | Report Abuse

YES , I agree with you zhihao... CA and CB have been pressed down and have very little up movement even when mother move up alot.

Tripaka

2,935 posts

Posted by Tripaka > 2014-07-01 13:25 | Report Abuse

4.20 is not a problem...

zhihao87

271 posts

Posted by zhihao87 > 2014-07-01 13:58 | Report Abuse

maybe this week will jump to 4500...

SimonSezs

886 posts

Posted by SimonSezs > 2014-07-01 14:18 | Report Abuse

Dont put too much hopes. Must be reasonable. I dont think will jump to 4.50 this week.
4.20 still possible.

zhihao87

271 posts

Posted by zhihao87 > 2014-07-01 15:27 | Report Abuse

very strong ... today hope can go to 4200 ... gogogo

zhihao87

271 posts

Posted by zhihao87 > 2014-07-01 15:28 | Report Abuse

cb got 260 now ...ca only 200 ...really shit ....

SimonSezs

886 posts

Posted by SimonSezs > 2014-07-01 15:32 | Report Abuse

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% ..

zhihao87

271 posts

Posted by zhihao87 > 2014-07-01 15:42 | Report Abuse

maybe tmr is ca show time ... hehe

SimonSezs

886 posts

Posted by SimonSezs > 2014-07-01 16:12 | Report Abuse

i doubt so...

tomtom8388

355 posts

Posted by tomtom8388 > 2014-07-01 17:40 | Report Abuse

I think no lo.coz this ca no ppl to push up long time &every time got ppl sell to the low price.no like the cb all keep for higher price.

sklyte

2,621 posts

Posted by sklyte > 2014-07-01 17:40 | Report Abuse

so as i said, sure up... hahaha, u guys how? making profits not?

tomtom8388

355 posts

Posted by tomtom8388 > 2014-07-01 18:44 | Report Abuse

Where got profit,ca no up

SimonSezs

886 posts

Posted by SimonSezs > 2014-07-01 19:35 | Report Abuse

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 ! ;)

Slnvestor

231 posts

Posted by Slnvestor > 2014-07-02 15:39 | Report Abuse

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.

zhihao87

271 posts

Posted by zhihao87 > 2014-07-02 16:45 | Report Abuse

pmetal now is 4140 ... tmr i think will up again... but ..ca price oso 200 again.... omg... no ppl push ...dam slow...

traderman

7,854 posts

Posted by traderman > 2014-07-02 16:52 | Report Abuse

something wrong already with ca no people buy ... cb 12% now ...

Slnvestor

231 posts

Posted by Slnvestor > 2014-07-02 16:53 | Report Abuse

Aim for 4.50 soon . :)

traderman

7,854 posts

Posted by traderman > 2014-07-02 17:02 | Report Abuse

yes, initial we said ca will go to 30 cent once mother touch 4.5, but base on current form, i think 25 cent also hard ...

Tripaka

2,935 posts

Posted by Tripaka > 2014-07-02 22:18 | Report Abuse

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....

traderman

7,854 posts

Posted by traderman > 2014-07-03 10:18 | Report Abuse

qwerty, when mother is bullish, warrant tend to be more bullish ... as greed overcome fear ...

Posted by myuptownboy > 2014-07-03 10:44 | Report Abuse

finally PMBTech start to move :-)

traderman

7,854 posts

Posted by traderman > 2014-07-03 11:00 | Report Abuse

pmetal 4.36, why i don't see much people post here happily compare last time at 3.6 ???

tonywong8

471 posts

Posted by tonywong8 > 2014-07-03 11:24 | Report Abuse

Because most small players are already taken profit and they are no more in Pmetal.

traderman

7,854 posts

Posted by traderman > 2014-07-03 14:58 | Report Abuse

yes, thats why smooth sailing now .. operator always win

Posted by Beginner1989 > 2014-07-03 15:08 | Report Abuse

can i know what happened to this stock. I have been watching.. keep going up.. and I couldn't go in since it is so high up now.

traderman

7,854 posts

Posted by traderman > 2014-07-03 15:34 | Report Abuse

Beginner1989, it stop at 3.2-3.6 for long time already ... recently only break out

AbbyLOO

222 posts

Posted by AbbyLOO > 2014-07-03 15:51 | Report Abuse

there was an additional listing annoucement yesterday. Is that why this counter went up so high today? shares now diluted n$ could go down?

tomtom8388

355 posts

Posted by tomtom8388 > 2014-07-03 16:40 | Report Abuse

Y cb won't drop?

Slnvestor

231 posts

Posted by Slnvestor > 2014-07-03 17:05 | Report Abuse

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.

AbbyLOO

222 posts

Posted by AbbyLOO > 2014-07-03 17:20 | Report Abuse

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.

traderman

7,854 posts

Posted by traderman > 2014-07-03 19:19 | Report Abuse

qwerty, are you sure ? lol

warrant only move when mother in bullish, not the other way ...

will you buy a negative premium warrant when mother drop like mad ?

Sohai

692 posts

Posted by Sohai > 2014-07-08 02:33 | Report Abuse

Sell 4.30~4.50 faster

Sohai

692 posts

Posted by Sohai > 2014-07-08 02:36 | Report Abuse

Very high

Sohai

692 posts

Posted by Sohai > 2014-07-08 02:37 | Report Abuse

Wait 3.50~3.80

traderman

7,854 posts

Posted by traderman > 2014-07-08 09:26 | Report Abuse

Sohai, no more below 4 unless market crash. pmetal ca confirm die

johnny cash

6,400 posts

Posted by johnny cash > 2014-07-10 12:54 | Report Abuse

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

tonywong8

471 posts

Posted by tonywong8 > 2014-07-14 08:22 | Report Abuse

World Cup is over, Pmetal is up again. Aluminium price is year high and warehouse stock is year low.

tonylim

4,796 posts

Posted by tonylim > 2014-07-14 11:00 | Report Abuse

tested 4.34 2x

tonywong8

471 posts

Posted by tonywong8 > 2014-07-16 06:27 | Report Abuse

Aluminium price hit another high this year and warehouse stock at low again also

tonylim

4,796 posts

Posted by tonylim > 2014-07-16 08:36 | Report Abuse

Up or down

pisangkuat

1,060 posts

Posted by pisangkuat > 2014-07-16 19:17 | Report Abuse

Nanti mcm dsonic

tonylim

4,796 posts

Posted by tonylim > 2014-07-16 22:38 | Report Abuse

Tip off or update ta readings?

abin

50 posts

Posted by abin > 2014-07-17 08:45 | Report Abuse

hi everyone, al price hit another peak, 1962 already

mantua39

51 posts

Posted by mantua39 > 2014-07-17 16:28 | Report Abuse

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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