No hard feeling.. i just feel enough.. it does not mean that it cannot go beyond 2.4 and reach 2.8. Ok.. if u believe it can reach.. just buy it.. stock market is full of emotions. Not all people have equal mind.
I count current is 5 waves up from February and today is the last. Plus the volume is not greater than last year September to October 2015. Thus it shall not have an extension to 2.80. Seems like breakout at 2.4 but breakout could be a trap too due to small volume.. Recently I notice that after dividen, it will drop until certain level and rise again. As long as aluminium price is still not reaching below 1200 pmetal still profitable as according to harmonic spectrum. No matter how bad the KLSE drop, pmetal still intact with the range bound trading. This is my view. My view is not always precise. Stock market is emotional. You think it is worthy than it will be worthy. I just have enough.
Beginning of bull run no need so much volume to push up the price. When the price go up, the sellers come out. The continuing buying interest will create larger volume. Pmetal is just started it's engine. The aluminum price is up 10 USD now. When the market resume afternoon session, you will see the buying stempede..then you can see the volume.
aluminium price cannot break 1600. Next week aluminium price probably on 17 Thursday probably at 1500 level.
Pmetal supposed to shoot up at 23 nov 2015 but it was deviated from original course because the news of join venture was announced in Japan. Unfortunately on nov as well Japan currency exchange dropped tremendous due to side effect from Kuroda negative rate and the japanese stock market. So pmetal ain't gaining any power from there onwards. Not like when was in 2014.
Current rise probably from local institution who knows the news later on. Huge volume on friday. This probably only one who traded on the breakout 2.40. Technical analyst guy. So I do not think that it will go further unless 1 million into 2.5 level from another institution to reach 3.00 level.
KLSE is due already. I am waiting for major drop from 1700 level as you can see the daily bar is getting smaller upwards.
Overall DJIA also waiting time to drop only. It is due yesterday already.
Pmetal hard to achieve 7 onwards. Only move side way from 4 to 1 in these couple years.
Already sold everything yesterday. May be you are right this time, but when it wants to move what technical analyst also useless. Let's see the show on monday!
July 2016 Aluminium price maybe in 1300 or 1200 level. July profit will be refected on October 2016 quarter report extremely bad. Therefore it will drop below 1.40 in the year end.
Haha...Traderman: nice to see you here to enjoy the aluminium peak price We have off load this pmetal in rm2.50 for your interest...see you soon in other peak counters
Ada segelintir pihak dalam forum ini dengan sengaja membuat kenyataan yang bukan-bukan untuk mengelirukan dan menakutkan para pelabur-pelabur . Mereka ini semuanya adalah dalam golongan yang sama atau ' Abang-Adik ' . Jangan mudah terpedaya .Harga sasaran saya Rm 2.50/= sudah dicapai . Seterusnya harga sasaran baru saya adalah Rm 3.02/= dalam masa yang singkat iaitu sebelum lain kuarter akan datang . PRESS METAL BOLEH .
Just keep this good stoc, it will push up rm 10 one day ! Nobody can predict what will happen tomorrow, no even warren buffet ! You buy today cheap price for future value.this is called investment .
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....
telusdansuci
1,692 posts
Posted by telusdansuci > 2016-03-11 10:43 | Report Abuse
I will buy it from you at around Rm 2.42/= afterwards .