We have retraced from my TP2 level and back at previous support. Since it was rejected at range high, got back into the range and currently at the mid range where most trader will close their underwater position and this may trigger bigger selloff . Tho we are at support, opening any new position here is a 50/50 trade. I will be patient and wait for more confirmation. My key support level remains at 0.175-0.18
@redhotpepper I wouldn't know if the price will drop further below 0.17. Until then support is support until proven otherwise. I will be looking at the reaction and the data coming in when price hits my key level and decide if there is a trade for me. I don't predict prices, i can only react and be ready for the possibilities of going up and down.
Whether got power to go back to IPO price, as of now, very unlikely until there are more confirmation. But most important rule of all is to protect your capital. Not to hold on to any bias. You can make money when market goes up or down, just be ready when the opportunity comes.
"........ Growth drivers. SIAB’s growth will be dependent on: i) construction of storage facilities following purchase of land, ii) participation in tenders for higher value high-rise construction projects, iii) expansion into civil and engineering segments, iv) purchase of new construction machinery and equipment, v) expansion of its technical team, and vi) investment in building information modelling software.
Competitive strengths. SIAB’s competitive strengths include: i) established track record in building construction segment, ii) qualified and experienced management and technical team, iii) commitment to quality construction works, safety and environment, together with iv) capabilities in carrying out wide variety of building construction.
Catalysts. Key drivers may include: i) government-led initiatives and spending, provision of incentives as well as financing, ii) favourable interest rate environment, and iii) steady population growth.
Key risks. Key downside risks, among others, include i) competition, ii) dependency on the supply of foreign workers, iii) dependency on services of subcontractors, iv) availability and fluctuations in construction material prices, v) possible delays in the completion of construction projects and potential reduction, termination and/or revision in the scope of work, and vi) exposure to delays in collection or non-recoverability of trade receivables."
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....
Posted by nicholas99 > 2022-04-25 15:37 | Report Abuse
kali ini siap dah.