Kronologi Asia surged past the resistance level RM0.56 with higher trading volume. With the RSI above 50%, we see that the momentum will continue to move towards the short-term target prices of RM0.61 and RM0.64. In this case, the downside support is anticipated at RM0.51, whereby traders may exit on a breach to avoid the risk of a further correction.
Nowadays investors are looking at Tech/Industrial stocks and I feel like Krono have not really fly yet! Not encouraging pump and dump but Krono' fundamentals are really strong! Current ratio, P/E and growth are very pretty.
Krono always have a very healthy uptrend. Fly then correction few days then fly again. Keep on repeating. Unlike some pump and dump counters, pump one time then dump non stop.
Ya...If you bought some below PE mutiple below 12X...you can hold for long term...high margin of safety...other then that I already sold some...no more margin at present pricing scenarios...!!!
Be very careful next month...most companies will have negative earnings growth...other then companies doing probably data storage, backup n recovery, online marketing, n packaging, plus maybe utility n Internet or inforcomm...!!!
Ya...reasonably priced...Whatever its business Must have resonable earnings growth...plus margin of safety...If unforseen circumstances or crisis happening again...looking at Krono...Probably the floor value was around...@0.35-@0.40...So you won't panic so much if this happen...But always keep some free cash flow n understand what you invest or trade...Don't understand its floor value don't buy n hold...or even day or swing trade...!!!...Market directions, forward futures contract, overall macroeconomics, need to analyse whether it's bearish, bullish or mixed...Read the markets before you trade...!!!
Ya...dividend just a kopi money...everybody aiming for capital gains...That's what all investors and traders telling stories to newcomers...But we can't learn from business school...it's through trials n errors...that we found our right ways n temperaments to survive critical business decisions...to navigate our own mistakes n manage our portfolios efficiently...Well too early to tell market direction now...you wake up around 8am...then you decide...!!!
@Miracles and &factbasedinvestor ......... Actually RM 1.40 target I derived from the graph. Based on the first big surge in price from late 2015 to historic high of RM 1.28 in late 2017, if current uptrend follows similar surge due to accelerated demand for KRONO's date management service and product, it should reach RM 1.40 or higher by end of this year. KRONO has done a lot of acquisitions in these few years which should bear fruit during this period.
Trumpeting Trump is a businessman...Good loh...downswing buy...upswing sell...if you aren't greedy n confident you can win any which way...Bear, Bull or Mixed don't matter at all...it is just how you navigate your plane or ship...any weather conditions you still can survive...But remember all your mistakes...you are bound to win more then you lose...!!!
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....
EagleEye
499 posts
Posted by EagleEye > 2020-04-29 15:14 | Report Abuse
today can break 0.63? game on