KLSE (MYR): MALAKOF (5264)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
0.805
Today's Change
-0.01 (1.23%)
Day's Change
0.80 - 0.82
Trading Volume
1,759,000
2024-11-21
2024-11-21
2024-11-20
2024-11-20
2024-11-19
2024-11-19
2024-11-15
2024-11-13
DividendGuy67
1,120 posts
Posted by DividendGuy67 > 2023-11-14 23:10 | Report Abuse
@fortunefire, yes, you are right - this company will like post a loss by FYE2023, as H1/2023 loss posted was -6.33 sen/share. It would be hard to see H2/2023 EPS becoming greater than 6.33 sen, i.e. will likely post a loss 2 quarterly report from now.
Nevertheless, chart wise, price gains on rising volume is normally regarded as a bullish trend. Many resistance levels coming up. Retailers may think this stock is not worth owning because it will be loss making this year, but someone with volume thinks otherwise. The only question mark is - is this hidden buyer planning to do something with this company, or is this just someone trying to create excitement?
Personally, I am selling more into strength, but very slowly ... it's a GTC order already pre-set, so, market makes know where I'm queueing to sell which I'm happy to disclose because I am just but one trader.
In current market conditions, it makes sense to buy low, sell on strength. Don't hope for a huge run - out of 10 stocks, you'll be pleased to sell into strength 9 times out of 10 and there will be that 1 time where you wished you didn't sell because it shoots up so high, but I don't think MALAKOF belongs to that 1 out of 10 times.