Invest with care. As long as don't contra, investors are safe from being played out by crocodiles. I'm accumulating every month (month end hehe, after getting pay?) Haha. Jialat. Small small only. Slowly but surely. Happy investing guys. Hope everyone have great returns in the near term. Cheers.
KLSE market sentiment is bad for the whole of last week. The share price of Ekovest is still weak. Most of other share prices are also weak. Still hope that 2024 is a bull market in KLSE, then the share price of Ekovest will move up north eventually. I like Ekovest because of Duke highway toll collection. My strategy is to buy and hold for 6 months. Good luck. Thank you.
OTB , KLSE sentiment is not bad , is because investor sell share , cash out money ,celebrate Chinese New Year KLSE enter Dragon Year , small cap counter iwill be more “ SHOW TIME “
I believe Ekovest should be benefitted from Johor property theme play. We need to wait patiently for the share price to move up north. I have no problem to wait for 6 months to a year. I strongly believe Ekovest will perform well in 2024. The target price should be at least 1.00. Thank you.
Ang POW ada ,small ang pow , investor sell share cash out celebrate new year Wednesday last batch sell so enough time cash out money on Friday ,du buy Wednesday ,Thursday n Friday ada small rebound , this last. Cash out money on Friday , he need sell on or before Wednesday , to get money on Friday , go oversea celebrate Chinese New Year , enter dragon year big ang pow stand by for u all
I expect to see a bull market in KLSE, hence I am very confident the share price of Ekovest will perform well in 2024. Actually the share price of Ekovest is very cheap, it is undervalued.
I used 200-day SMA line as a cut loss level. The share price is 3 bids below 0.45. You can cut loss at 0.43 level. Thank you.
this is my new year AngPow for all my strong supporters of Ekvest. since the time there was BM , then no BM , then BM again, then no BM ...... but the durian under PLS still there and start to bear fruit
1.Last week Ekovest was looking vulnerable and hanging at the cliff. Today at 51.5sen it has fallen off the cliff and the situation is undesirably painful. In the coming week or days there could be broken bones and blood spilt. Technically, there is a 50% Fibonacci retraction and hence, the cup and handle formation has been destroyed.
2. In an ugly and worst scenario, a greater pack of bears could come out from hibernation and continue with its rampage and destruction to shape a double bottom.
3. Going forward, the share price could progressively accelerate in its decline, and on a worst case scenario could eventually hit bottom at 43.5 sen forming the right bottom.
4.This expression of opinion has no malicious intent. It is an unbiased technical interpretation based on the candlesticks chart. Yet, it may or may not happen.
5. Technically, all other indicators are not gorgeous and nothing like Taylor Swift. The 9 day moving average is about to make a dead cross from above to below the 26 day moving average line. Share prices are accelerating in its decline and at 51.5 sen , it has fallen below both the average lines. This is bad and the bears are in control. There is no visible sign of fatigue. 6. The MACD indicators are more damaging. The MACD line has crossed over the signal line since 17th Jan 2024. The gap between them has progressively widen over the last few trading days. The red histogram is expanding and this means the momentum is accelerating and the selling is continuing. The worst is yet to come. There could be headache and heartache.
7. The RSI relative strength index is trending downwards and according to the chart it has drifted below the 50 point neutral level and advancing towards the oversold region. There is visible signs of weakness.
8. All technical indicators painted a lousy picture of Ekovest. The disposal by Tan Sri has dampened market sentiment ,damaged investors' confidence and destroyed the cup and handle formation.
9.In the circumstance, what would you do? If you are a short term trader and had jumped onto the Wagen following Rakuten analyst report and chasing the target price of 1.16 you are caught and face an unpleasant paper loss. You could bite the bullet, dispose and cut loss and move on.
10. If you are a strong believer in ekovest, and subscribe to its mega proposal to reorganize, rationalize and merger of sisters companies and the eventual monetization of the quality and value of the DUKE and SPE highways than you should ignore the noise and stay invested. 11. The choice is yours. Happy trading 5/2/2024
Vol drops. Mkt quiet and sidelines. No pre cny angpow. May be post cny angpow kia ada. Haha but most investors r trapped at higher price before recent week share price consolidation. So, at most, the price go back up and closer to invested price. Still not bad although no profit yet. Those who are buying these 2 days may have some small angpows. Good day and happy investing.
1. A cup and handle is a very positive candlesticks formation and technically bullish price continuation pattern. Can it fail?
2. Technically speaking the candlesticks cup is usually formed between 4 to 6 months and the handle would complete between 1 to 4 weeks. Psychologically, the handle is formed because some investors take profit at the edge of the cup after a mini bull run.
3.When the selling eased or ceased, new investors would come in to buy thus, pushing up the share price ,breaching the new resistance and shooting to the moon. Therefore, if the handle is to happens, it will be formed with speed and versatility. Otherwise, it would fail.
4.For Ekovest the cup that began in Sept 2023 was completed in Jan 2024 for a period of five 5 months. Sadly, after 20 trading days or exactly 4 weeks the handle is still not seen. The bulls are not charging. Specifically it means Ekovest is not ready for a cup and handle formation at this point in time. Is there a reason?
5. It looks like the mega proposal to reorganize and rationalize and mergers of sisters companies that would turn Ekovest into a conglomerate and the potential monetization of the DUKE and SPE highway that has created enormous investors' interest and confidence to chase after the hot stock is slowly cooling down. It could dissipate in the coming months. Why?
6. You would tend to agree with me that nothing would drive up share price except profit. It is the greatest and strongest catalyst. Although Ekovest has turnaround with a 3m profit in the 1st quarter of 2024, it is still suffering from huge losses in a 4-quarter running basis. It has -3.64 sen EPS and trading at minus 14.15x price earning multiple. The numbers are discouraging and would put off any serious investors.
7. Further more, with the completion of SPE the company can no longer capitalize on the concessionary expenses. In addition, it has to provide depreciation and amortization for the new highway assets in the coming quarters. The earning will be negatively impacted. Until there is substantial rise in revenue and profit, share price would not soar. It may shoot higher manipulatively but it is unlikely to sustain. Just like what is happening now.
8. Despite its mega proposal, quality and value of its 3 highways, construction of RTS and potential unlocking the value of its land bank along the proposed new LRT route, yet investors are lukewarm, cooling off and indifferent.
9. Simply because these require lengthy process and precious time to execute and materialize. Many believe all these would take place only after the completion of the mega proposal when all the new shares are allotted to TS. Maybe towards the end of the year. 10. In light of the above, it is unlikely that Ekovest would experience a helicopter rise in the foreseeable future. Even TS is happy to dispose each time when share price moves beyond 60 sen. 11. Hence, It is not a bad idea to revisit this counter again when the company reports substantial rise in revenue and profitability. Better still, when the mega proposal has made some meaningful progress and there is also greater clarity and certainty on the monetization of highway assets. 12. Hope it helps. 7/2/24
@5354_ No wonder id is youngman. Old already take angpow not shameful? - Paiseh leh. I feel shy leh to see you said lidat. Don't say like that leh. Just be lucky to have seen the bull and bear and crisis only mah.
Well, no angpow in past 2 weeks leh. But, past few months yes, quite ok the ROI. 😂
Happy new year and happy investing to all of you guys. Cheers.
This lasts 2 week , mid cap counter down irrational , main reason because Chinese New Year , investor cash out money for oversea trip , as see S & P 500 every day break history record high, going to break 5000 point , also index KLSE almost stand 1500 above , every year almost same like that , mid cap counter last 1 or 2 trading day all up slowly to prepare Chinese New Year bull rally run once investor finish celebrate Chinese New Year , let see this last 2 trading day up slowly or flat price no move More exciting SHOW waiting u all once enter Dragon Year . No need see cup n handle . Once all investor back from oversea trip , daily volume 50 bil above , market turn bullish n good ,cup n handle all is rubbish . Crazy Show coming soon
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....
Johnchew123
523 posts
Posted by Johnchew123 > 2024-02-02 16:06 | Report Abuse
BSKL daily 50 bil share above change hand only got SHOW TIME