Posted by zhugel888 > 2020-06-06 15:41 | Report Abuse

My take on ICON & CRUDE OIL .... With 6 weeks of upsides, crude had sneaked quietly into resistance zone.

Due to present euphoria, many investors are chasing O&G counters especially those darling stocks without realizing the dangers ahead. Technical profit taking is inevitable under this present scenario.

ICON (5255) has good fundamentals no doubt. But the chart technicalies is nothing to shout about.

Sorry if I offended anyone here but what you see is what you get.

Happy trading⛽⛽⛽

Posted by Real > 2020-06-06 16:28 | Report Abuse

Good company

Posted by Loh Kok Wai W > 2020-06-06 20:41 | Report Abuse

icon hit 0.50 this year !!!1

Posted by apanama > 2020-06-07 00:21 | Report Abuse

Lu diam la Banglaman..orang dah beli and stock at 3-5sen la this stock..hang atas 10sen baru muncul and mau bising..lu p balik bangla..

Posted by Loh Kok Wai W > 2020-06-07 07:27 | Report Abuse

Oil is Kinnnnnnnnng now.

Posted by zhugel888 > 2020-06-07 08:01 | Report Abuse

There must be a reason why Crude Oil Futures (CL= F) forward months prices are traded lower than present physical month prices.

Obviously oil traders are looking towards lower oil prices days, weeks or months ahead. This is the norm after a bullish spike. Inevitable profit takings will kick .

Stay alert ..... Do not get caught in the rain after the fireworks display are over. Darkness will fescend. Beware bros & sis ....

Happy Trading!

Posted by abmz1981 > 2020-06-07 14:21 | Report Abuse

this week can go BO 15 and fly for 20sen

Posted by Loh Kok Wai W > 2020-06-08 07:56 | Report Abuse

OIL is KINGGGGGGGGGGGGGGGGGG !

Posted by rsim03 > 2020-06-08 19:33 | Report Abuse

Monitor O n G this night...

Posted by ttluck > 2020-06-08 22:25 | Report Abuse

Tmr shall c what happen to O&G

Posted by lanikai > 2020-06-08 22:45 | Report Abuse

Brent oil is dropping right now. Some of us oil stocks also are dropping right now. Aiyoo how to make money

Posted by sharewiz118 > 2020-06-08 23:59 | Report Abuse

Brent Crude oil price drop again .... sigh .... like that how to fly ?

Posted by sharewiz118 > 2020-06-09 00:16 | Report Abuse

tomolo sure got monkey start panic selling liao

Posted by lanikai > 2020-06-09 00:22 | Report Abuse

Panic sell lah and buy gloves better.

Posted by invest69 > 2020-06-09 00:24 | Report Abuse

Tomorrow panic sell. Hmm

Posted by lanikai > 2020-06-09 02:12 | Report Abuse

“Later on Monday, however, prices reversed course and were down by around 1 percent at 8:00 a.m. EDT during the OPEC+ video news conference at which Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said the extra cuts that the Kingdom and its Gulf allies had promised for June on top of their commitments would not be extended to July.”

Thats explain why the oil price is dropping. Latest news.

Posted by zhugel888 > 2020-06-09 02:32 | Report Abuse

WTI CRUDE OIL RALLYING HARD, BUT HAS OBSTACLES IN THE WAY

WTI crude oil has been pretty much on a one-way path since bottoming in late April, but the path could get bumpier soon as confluent resistance stands in the way of the advance over the 40-mark >>> Refer to my last posting.

Oil is currently trading inside the March 9 Saudi gap that shook financial markets when they were already reeling from the coronavirus.

The gap is a rather significant hole that leaves a little more room to go before it is filled up to 41.51.

Not too far beyond that point is the June 2017 and December 2018 lows that are in almost exact alignment at 42.27/42.67, respectively. It appears likely there will be some kind of fight that develops around the 41.51/42.67 zone. It could come as quick as this week, but perhaps it takes a little longer if oil slows its roll until reaching for resistance.

From a tactical standpoint, fresh Longs don’t appear to hold good risk/reward while Shorts are still risky with oil trending higher and no significant resistance yet at hand.

That could soon change, where existing Longs are at risk of a decline developing, while Shorts gain the upper hand off resistance.

Obviously, Crude Oil Futures had intruded into a Resistance Zone. Profit takings are inevitable.

Good luck guys ;)

Posted by keychain > 2020-06-09 04:34 | Report Abuse

Brent Oil USD60~80 in making

"Now we’re back to 2019 or even 2018 levels for many grades,” said Robin Mills, founder of Dubai-based consulting firm Qamar Energy.

Posted by Loh Kok Wai W > 2020-06-09 04:49 | Report Abuse

just a little profit taking ....don;t worry for mid n long term invest.....

Posted by Donloh > 2020-06-09 08:18 | Report Abuse

Tomorrow hope can buy lower price

Posted by apanama > 2020-06-09 08:25 | Report Abuse

buy and keep..sure later goreng..:)

Posted by keychain > 2020-06-09 08:46 | Report Abuse

Maybank IB Research said the policy revision by Opec was sentiment positive, which would strengthens and accelerates the collective effort to correct imbalances in the oil market and provides a strong support to oil price.

Posted by BanglaMan > 2020-06-09 09:12 | Report Abuse

All about shout shout.. no up also.. still same old same old 15 cents.. all go and buy topglove come!!

Posted by BanglaMan > 2020-06-09 09:22 | Report Abuse

U all not bored price stay the same? Why not move to other counter first and come back later?

Posted by zhugel888 > 2020-06-09 09:26 | Report Abuse

FKLI futures Trading Strategy

Traders may Short above 1580

Stop loss @1588

Posted by BanglaMan > 2020-06-09 09:27 | Report Abuse

I will share abit of my wisdom.. see the sell queue keeps growing? Retail is buying while sharks are slowly adding to the sell queue at 15 cents.. will never break.. good bye..

Posted by BanglaMan > 2020-06-09 10:10 | Report Abuse

Told yaaa opppsss came back 14 cents

Posted by 8888_ > 2020-06-09 12:25 | Report Abuse

Brent >USD 41 Icon sure huat.

Posted by BanglaMan > 2020-06-09 16:57 | Report Abuse

Huatttttttttttttt eh wait why still same price? Hahahahahahahha hahahah

Posted by lanikai > 2020-06-09 18:03 | Report Abuse

Bad news for short-mid term investors the brent oil is likely to go below $40.

If you want to make money in oil in the short-mid term horizon, just forget about it.

Better invest in healthcare stocks.

Unless you want to keep oil related stocks for few years then ok lah you can make money.

Posted by Sashay88 > 2020-06-09 19:01 | Report Abuse

This is the only OGSE to be in. BUY CALL. BUY CALL .

Posted by Sashay88 > 2020-06-09 19:05 | Report Abuse

i must also add... Not for contrarian due to current crude oil volatility.

Posted by zhugel888 > 2020-06-09 20:57 | Report Abuse

I getting under your skin? Hahahaha

Posted by Puvaneshwaran Karupaya > 2020-06-10 09:28 | Report Abuse

HEY BANGLA
...... GO BARK SOMEWHERE ELSE

Posted by mf > 2020-06-10 12:12 | Report Abuse

BREAKING NEWS: API Shocks Market With Large Crude Oil Build

Posted by mf > 2020-06-10 22:53 | Report Abuse

Oil Inventories Jumped 5.7 Million Barrels Last Week: EIA

Posted by nwaw78 > 2020-06-11 08:18 | Report Abuse

Siapa percaya minyak takkan naik... Please sell..
Siapa percaya minyak akan naik.... Please collect

Ini bukan utk beli ini hari esok jual kaya raya..

Posted by hakimsaat > 2020-06-11 08:20 | Report Abuse

Yup... setuju.. minyak mmg akn naik.. cepat or lambat.. yg intraday leh main2 kt sector HC lg.. ada iconic , aco n rgtech..

Posted by PH_better > 2020-06-11 10:17 | Report Abuse

95 sen Icon in 2020 govn must go back to PH?

Posted by PH_better > 2020-06-11 10:37 | Report Abuse

Voted PH must comeback. PN/BN like to con us like Icon.

Posted by BanglaMan > 2020-06-11 11:06 | Report Abuse

Oppppppsssssss did I hear a drop again? Sound of money burnt?

Posted by adikkici > 2020-06-11 12:23 | Report Abuse

Banglaman is toxic people

Posted by BanglaMan > 2020-06-11 12:40 | Report Abuse

I help prevent people From losing money. Too bad. I better take my leave byeeeee

Posted by nwaw78 > 2020-06-11 13:36 | Report Abuse

Jgn marah banglaman, wpun dia suka buat org marah, if intraday.. follow banglaman.. it want to invest for medium/long term... Collect it.

Posted by BanglaMan > 2020-06-11 16:37 | Report Abuse

Who support better buy more hahahahahaha

Posted by Twowah123 > 2020-06-11 17:04 | Report Abuse

In some at 0.13 today.

Posted by apanama > 2020-06-11 21:35 | Report Abuse

hahaaha..i sold all already at 14sen..will wait ICON at 3sen back..oklah i gain 11sen..huhuhhu..cukuplah nak kawin sorang lagi..:)

Posted by lanikai > 2020-06-11 22:14 | Report Abuse

Doomsday is coming for oil stocks.

Oil Prices Crash On Second Wave Of COVID-19
https://oilprice.com/Energy/Oil-Prices/Oil-Prices-Crash-On-Second-Wave-Of-COVID-19.html

Ready to jump out of the oil ships

Posted by bigfund > 2020-06-11 22:15 | Report Abuse

In this forum ppl can say whatever. True or false only you know about it

Posted by Trapps > 2020-06-11 22:20 | Report Abuse

Tesla, electrci car...renewable energy is cominh to the town..hahaha..