Let me be your fake technical analyst for a day. Greatec has broken the recent support from the uptrend in March. The last time a major support was broken in Feb, it stopped at below RM3. I managed to profit from previous dead cat bounce (My opinion only) Greatec fundamental still intact
@Windy1974, which support are you referring too? I believe it may have been "broken" before another time in the previous month but did not fall below RM3. Not asking ppl to hold/buy/sell, but DYOR as everyone are just talking 1 sided story.
What I'm referring to in my previous comment: 12 Apr - Low of RM3.8 18 Apr - Low of RM3.77
We have been moving sideways for about a month now. On every low, people come out to say that it will go even lower. On contrary, when it is high, there are also people pumping hopium that it will definitely "limit up" or go even higher. Neither happened over the past months. Could it happen in the future? Maybe. But why gamble? Study the company that you want to buy, rest easy at night. DYOR.
it's so tempting and now the price seems to be on free fall. so i called my bank broker and asked much force selling? Reply is that it's not much yet. While my gut feel says rebound, i gonna wait for force sell for higher %
Earnings has been trending downward in last 2 quarters. Next quarter EPS could be 2.3 cents with estimated annualized EPS 9.2 cents. The share is traded at PER 37x before factoring in expiry of pioneer status on 28 Mar 2023. When pioneer status is expired, the share would have exchanged at PER 49x. ( PER 37x / 0.75 )
TP 1.90 remains intact with expected PER 21x or 28x (when pioneer status expire)
welcome back rr88 with your wild predictions. Let's see if you will be wrong like every other time which you did. Still waiting for your RM1.8 call to x2 my holdings, havent come yet after months, despite you previously say will come before Raya.
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