Posted by StartOfTheBull > 2023-03-20 21:06 | Report Abuse

Panic sellers tomorrow regret.

Posted by Jerichomy > 2023-03-20 21:17 |

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Posted by Jerichomy > 2023-03-20 21:18 | Report Abuse

M+ Online Market Wrap - 20Mar23

FBM KLCI: 1,401.81 pts (-9.92pts, -0.70%)
The FBM KLCI (-0.70%) fell for the session and closed just above the key 1,400 level as the regional markets were largely in the negative territory amid deepening fears over the banking crisis in the US and Switzerland. Market breadth remained negative as the decliners hammered the advancers by 653-to-275 stocks. The energy sector (-4.58%) tumbled as declining crude oil price weighed on the oil & gas stocks including ARMADA (-4.5 sen), VELESTO (-3.0 sen), and DIALOG (-3.0 sen).

Top 3 Active stocks:
GPACKET (0082): RM0.055 (+0.5 sen)
HONGSENG (0041): RM0.14 (-0.5 sen)
TOPGLOV (7113): RM0.905 (-1.0 sen)

Volume: 3.47 bn (100-day avg vol: 3.28 bn)
Value: RM1.93 bn (100-day avg val: RM2.11 bn)
Market Breadth: ⬆️275 ⬇️653
Crude palm oil: RM3,793 (-RM127)
Dow Futures: 31,878 pts (-193 pts)

Source: Bloomberg, M+ Online

Posted by TanDavid88 > 2023-03-20 21:21 | Report Abuse

Posted by Zhuge_Liang > 6 hours ago | Report Abuse

Low IQ sifu also in Armada forum.
This low IQ sifu does not know any fundamental of technical.
He just copy and paste blindly in this forum.
You tell him to eat shit, this low IQ sifu will just follow the instruction blindly.

Posted by Jerichomy > 2023-03-20 21:23 | Report Abuse

Go go kill old tv and his fellow subcribers here haha

Posted by Jerichomy > 2023-03-20 21:24 |

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Posted by Jerichomy > 2023-03-20 21:25 |

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Posted by KimSua > 2023-03-21 07:25 | Report Abuse

Remember US is always the main market maker on oil price, They will fill up their strategic reserves (SPR) below WTI 70s and this will take at least a month or two. Need to monitor this as will be the basis of the oil price increase. The demand is always there, US is the biggest speculator and will never loose. We cannot predict the timing but relatively oil price will continue to rise as demand is still there. Armada fundamentals are still there but to chase beyond 0.70 is foolish and risky and control by speculators. Those who wish to hold have to wait until the next speculative round. No worries as the fundamental is still there. Those on side ways trading , eyes need to be wide open. Good luck.

Posted by KimSua > 2023-03-21 07:49 | Report Abuse

next support level 0.575 (weak) and 2nd 0.540 (stronger)

Posted by pang72 > 2023-03-21 10:23 | Report Abuse

Ambar Warrick

Investing.com-- Oil prices fell in early Asian trade on Tuesday, cutting short a brief rebound from 15-month lows as markets hunkered down before a Federal Reserve interest rate decision this week, while concerns over a banking crisis continued to spur cautious trading.

Posted by LadyRepins > 2023-03-21 18:33 | Report Abuse

OIl and gas is set to shine in years to come, imminent shortage of processing capacity expected due to geopolitical policy focus on ESG discouraging investments in oil/gas. Reality points to ESG as another political agenda, many comments suggest renewables are simply nowhere in replacing world appetite for oil. This underinvestment will probably come to haunt everyone sometime soon.

Major shareholders pump price up for some bag-holders as they step the price in stages, need cycle down to reap some low hanging fruit. Same for all Malaysian listed companies. Armada did a high of 0.725 recently, some bag-holders bought in at 0.69 (try looking at volume profiles). Sure to have some panic sell, but many will hold on... after all the funadamentals of this counter are still good; industry outlook is shining. 2023 pattern suggests 0.59 as a major holding point, juicy liquidity for some to drive prices down to shake holders out. Perhaps a visit to 0.55 momentarily will do it. Going below 0.54 staying thereabouts may mean a new dynamic in play, time to re-strategize.

Posted by LadyRepins > 2023-03-21 18:37 | Report Abuse

https://www.youtube.com/watch?v=Mm6bX_W6CCk listen commencing 06:00 onwards; good take on world energy

Posted by LadyRepins > 2023-03-21 18:47 | Report Abuse

Haha,
@KimSua .. next support level 0.575 (weak) and 2nd 0.540 (stronger)

Seems we're on same technicals. 0.575 is the peak from Feb'22 while 0.55 is a Dec'19 followed by multiple peaks throughout. These should hold. If shoots below 0.54 and remains there long then a re-think is probably prudent. Otherwise, fill your bags people, opportunity abound.

Posted by Jerichomy > 2023-03-21 22:50 |

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Posted by KimSua > 2023-03-22 07:25 | Report Abuse

@LadyRepins, all about risk management, going from 60 -70c is probable so is 60 cents going back to 50c. Going in now will be gambling :) if it does not reduce further , so be it. Never chase high . Armada is highly speculative now.

Posted by TanDavid88 > 2023-03-22 08:32 |

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Posted by OrlandoOilSemiconIoT > 2023-03-22 09:45 | Report Abuse

This round oil price drop is not to due to demand and supply

But SVB shock wave

Going to rebound soon

If it doesn't OPEC+ will make sure by cutting production

Alao Putin has a war to finance

Posted by Bon888 > 2023-03-22 10:13 | Report Abuse

A company earning 732million a year, PE less than 5.

No brainer deal. I top up again yesterday!

Posted by Zhuge_Liang > 2023-03-22 10:31 |

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Posted by OTB > 2023-03-22 11:06 |

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Posted by OTB > 2023-03-22 11:09 | Report Abuse

I am sorry to all investors of Armada to cause this embarrassment here.
I told all my subscribers not to post any article on Armada.
They should invest quietly to make money.
Thank you.

Posted by Bon888 > 2023-03-22 14:04 | Report Abuse

Nothing to worry, many of us here already earned handsome profit from this counter and continue to make money.

Posted by Jerichomy > 2023-03-22 18:50 |

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Posted by Zhuge_Liang > 2023-03-22 22:01 |

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Posted by Zhuge_Liang > 2023-03-22 22:10 |

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Posted by Jerichomy > 2023-03-22 23:08 |

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Posted by Zhuge_Liang > 2023-03-22 23:35 |

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Posted by Jerichomy > 2023-03-23 13:37 |

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Posted by Zhuge_Liang > 2023-03-23 13:43 |

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Posted by Activestream > 2023-03-23 15:00 | Report Abuse

Lol why so much argument here the best is to monitor this stock like today incoming buying is up suddenly the volume buying at 615, 61 and 605 cents is strong. if can close with a green bar might be able to see a slow and steady rise back upwards

Posted by Jerichomy > 2023-03-23 22:06 |

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Posted by 3lephAnt > 2023-03-24 00:44 | Report Abuse

May I propose those who harbour grievances to file a police report for fraud, losses or/and misrepresentation rather than yapping in this forum?

Posted by Robert Waters > 2023-03-24 04:22 | Report Abuse

Even better, those who have losses can buy more armada shares and sell at profit soon, likely after Q1 earnings ...

Posted by Jerichomy > 2023-03-24 10:15 |

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Posted by Zhuge_Liang > 2023-03-24 10:55 |

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Posted by Zhuge_Liang > 2023-03-24 11:01 | Report Abuse

Posted by Robert Waters > 6 hours ago | Report Abuse

Even better, those who have losses can buy more armada shares and sell at profit soon, likely after Q1 earnings ...
----------------
You are a knowledgeable person, I really respect you.
Hope everyone will win big in this forum on Armada.

Posted by Mabel > 2023-03-24 12:10 | Report Abuse

Thank you for matching Mabel's Queue to reenter at 60.5 sen..

Meow

Posted by KimSua > 2023-03-24 15:21 | Report Abuse

Miss the swing, will have to come again another day.

Posted by Bon888 > 2023-03-24 15:42 | Report Abuse

Armada got good news? Other OnG counters are in red but this Armada going up. Mesti ada udang sebalik Batu!

Posted by Jerichomy > 2023-03-24 16:14 |

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Posted by Zhuge_Liang > 2023-03-24 16:24 |

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Posted by KimSua > 2023-03-24 17:10 | Report Abuse

Ooh gravestone doji, need to get confirmation next week . happy trading

Posted by Jerichomy > 2023-03-25 14:14 |

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Posted by Jerichomy > 2023-03-26 11:15 |

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Posted by Zhuge_Liang > 2023-03-26 16:17 |

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Posted by pang72 > 2023-03-27 10:44 |

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Posted by pang72 > 2023-03-27 10:46 | Report Abuse

How many people do you want to curse to vomit out your frustration of losing money in stock today?

Let's go baby.. Curse la

Posted by OTB > 2023-03-27 11:06 |

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Posted by pang72 > 2023-03-27 11:11 | Report Abuse

Hur!! How come you go to read my nonsense posting?
You wanna curi my winning tips to give to your subscribers for 1k..

Posted by pang72 > 2023-03-27 11:11 | Report Abuse

Must be running out of ideas for investing!