WCT showing signs of rebound, and need to clear above the 20 day MA before I enter (ie if closes above 0.53). This stock was part of my virtual stock battle game (based on trading ideas from Maybank IB) and to watch how the stock movement since 15 Sept 2023, do consider to watch this short video. https://youtu.be/Di2ygTvjUYc
@Nadayu, recent QR for WCT in the red. Probably explains the bearish sentiment. Stock looking to be oversold now. Entered a position for a swing trade.
Looking at the technicals, i am anticipating a repeat of trend as the stock is oversold now and at key support price area. Looking for a swing trade but prepared for the worse (ie price break down lower and this is merely a false breakout). Anything is possible, just sharing my thinking behind my recent swing trade entry at 0.47. If you are interested to hear my thoughts behind my trade, do watch my recent video on this https://youtu.be/LydSA8O7DrY
1. Good quarterly result. 2. High tangible asset per share. Properties never revalue for 30 years. 3. Record car sales. Good for components supplier and APM is the riding on this. 4. High dividend pay out. Boss is not known for self-enrichment practices like Jaks, but a generous person. 5. Potential privatise target as intrinsic valuation could be more than rm 15. 03/01/2024 10:38 AM
Bank borrowing RM 1.2b less Cash & Bank RM440m, still has balance court case settlement RM475m still outstanding. Even they able to collect back RM475m, still negative cash balance RM300m. Must fire their Quantity Surveyor, cost overrun so much. Maybe hanky panky
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....
jenson68
1,084 posts
Posted by jenson68 > 2023-10-31 09:17 | Report Abuse
Top up as good fundamental counter !!