based on chart nexus, today's close at 0.435 is bio's 1st level of support. next support level is at 0.425 & lastly at 0.405 in which if its breach can exit & enter later again.. however if you purchase at very low price eg. below 0.30.. then we may wanted to consider taking some profit first before our profit getting thinner & thinner.. when the price cannot sustain as its already breached more than 116% in less than 1 month..
if next week the price is up & goes beyond 0.435, it will be a turning point (pivot) at 0.455 & need to break the 1st resistance at 0.465, follow by 0.480 (peak).. so for those were buying within this price point.. hence need to monitor accordingly esp. for very short-term players (2 weeks to 2 months) or contra players (T1-T4)..
Thanks & good for you JY108! You must be a pro.. :)
@YS3535 & for those who get 0.42% for your brokerage fees, I guess you are trading with your collateralised account (margin) hence they charge you this much.. 2x or 3x of your cash deposit/shares collateral is the norm..
bcoz 0.42% is the standard brokerage fee charges. next the minmum amount charged on brokerage range from RM8 to RM28.00. Mine is RM28.00 (the highest or the standard.. see how you look at it.. buy I get 3x collateral) if I deposit RM50K (either cash/shares collateral), i get another RM150K (3x) = RM200K total, enough to buy lots of shares..
Others charge minimum 0.28% - 0.30% (UOB Kay Hian which I know of) for collateralised account for 1x to 2x of your deposit..
RHB & Maybank charged a standard 0.42% also for 2 to 3x your deposit.. Minimum brokerage fees range from RM8.00 to RM12.00 (couldnt remember which is which)..
For those new beginner, there are 3 important things to consider when opening a new (retail) trading account:-
1. Reputation (hence i only choose to trade with bank's trading platform) - own personal preference. (you wont have to wake up every day to worry if you can withdraw/get your money or all your money gone with the trading company (trust account) if they go busted)
2. Trading Platform (Software) = User Friendly (Simple, Nice & Easy to use), Features (Nice User Interface (UI or if can use in Google Chrome /Internet Explorer), Charts, Comparison, Statistics, etc) Reliability & Dependable (Not always breakdown /freeze moment during peak/high volume) P/S: Not all trading platform have all these, you win some, you lose some.. P/S: Among the Very Important features is whether the software support >Good Till Date (GTD) order - clients can place orders valid up to 30 trading days. and also the Stop Loss (very important feature to protect your profits). So far I know only RHB Invest have it. Others I am not sure.
3. Brokerage fees (your cost of funding your shares) Standard is 0.42% for all major trading companies like Affin-Hwang, Maybank, RHB, etc. for collateralised (margin) account with minimum brokerage fees of RM8 to RM28. for 0-100K transaction and other range would be 0.28% to 0.35% depend on negotiation or amount deposited. Above 100K, minimum fee is from 0.15% 0.21%.. Intra-day will be from 0.10% to 0.15%
3.1 for Cash Upfront account, of course you get the best rates, ie. 0.1% & minimum RM8.00. (I dont have one, thus cant give feedback/comment)
4. Payment Method - very important to consider for convenience. whether they accept/have online payment/funds transfer via multiple banks in many locations as possible. Most big ones accept online payment with multiple banks. Some dont even accept online payment/fund transfer but only Cash bank-in via ATM Cash or cheques bank-in. Imagine if we stay in suburb area or small towns, carrying so much cash risking ourselves to being robbed.
5. Good Support/Customer Service Despite some may get the best(cheapest) rates, if we dont get the necessary good service from our dealers/representatives (like helping you to temporary increase limit, bank in your cheques, doing the administration for warrant conversions, dividends, when trading platform breakdown, give advice, tips, etc.), then we have to do it everything by our own. P/S: Hence there's always a catch too if the fees are too cheap..
During my research for trading platform to trade in Bursa, by default I chose Affin-Hwang (merged) due to I have a very old account with Hwang-DBS when I purchased my 1st ESOS.
Then I also research on other banks as well. So far I have seen Maybank, RHB/OSK88 and UOB Kayhian (including Affin-Hwang).. I asked the sales representative to show me the demo trading platform to see its capabilities besides the brokerage fees mentioned.
hence for comparison, Affin-Hwang offer the nicest UI & very user friendly (Java scripted, so I can use it on both Google Chrome & IE browser)..
RHB/OSK88 offer the best in terms of features but old UI Platform (Non-Java Scripted and can only use Internet Explorer).
Same for Maybank & UOB KayHian with old UI (Non-Java Scripted and can only use Internet Explorer).
Hope this helps.. what i share here is just for guidelines & easy start for new beginners.. (not necessarily you have to follow but as an alternative & consideration if you may overlook certain things)
I am also a new beginner (newbie) like you all here 5 months ago.. still got lots to learn from you all.
I will try to write/blog accordingly to share more at my i3 blog most probably in May. So stay tune ..
Happy trading, happy making $$$ & have a great weekend!
Managed to sell some Maybank shares today n will accumulate some more shares in this counter on Monday. Today Q buy at 0.42 n 0.425 not successful. Trade at own risk.
Guys, JY108 & Vivin be careful next week is a short trading week, NO CONTRA PLAY PLEASE. Friday 01 & 04 Public holiday. Let BIO RETRACE BELOW .40cts to buy, still high now. Most fund Mgrs do not want to hold stocks over long weekend ok. ...due to external factors which is beyond our control. This is another point you all shld look at n school holidays as well. It's yr hard earn money, hold tight. If u hv pick up then keep it. Read the star ysdy under MARKET WATCH PG 25, market trend - on track to test all time high...under the last second sections. It says " The latest GOLDEN CROSSINGS OF 50 days.....however it may not happen this week but later....to test the historical high 1,896.2. Pls read n pick up the key points/ message! Take care n trade at yr own risk.
HuR...I read the news paper that next week will test new high with the foreign fund back to Msia. Whoever believed in bioholding, will have chance for 2nd wave...enjoy
Thestar telling later. The edge telling next week. But conclusion is both also say going up.. hope is bio also follow the trend to level up! Heng Ong Huat ah!
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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....
newbie1234
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Posted by newbie1234 > 2015-04-24 16:36 | Report Abuse
else closing seems to be 0.435