Grandpa raised this stone from a wee pebble. It was his best friend for all his life. Grandpa pass this stone to you, my grandson. Take good care of it, cherish it. It’s worth more than a million dollars. Hahaha
Grandson uncle also has a stone that is said to be worth a lot. But the stone isn't actually valuable economically, it's a stone that it's said to have fragments of the souls of Grandson family members that now rest in peace, Grandson call it a "Bloodline Stone. If Grandson let someone rub the stone, Grandson says that the souls of the people the stone belongs to will guide someone and give someone good luck.
1Basing on the technical candlesticks chart for PTRB,, the MACD line has crossed below the Signal line on the 20th Feb 2023. This is a bearish indicator and the momentum is likely to persist on. In addition, the gap between the MACD and Signal line continue to widen as indicated by the larger red histograms. The bearish momentum is building up fast and will gather strength in the coming days. 2 Two days ago the counter experienced massive sell down over huge volume. It has collapse from 59.5 sen to close for the day at 50sen with intraday low of 49.5 Sen. Technically, it has established a Death cross on 2nd Mar 2023 in which the 9 day Moving Average line has crossed over the 20 day Moving Average line from above to below and fast approaching the 50 day moving average. 3 A death cross is an important signal that should not be taken lightly and much less ignored. It is a trading pattern and chart formation that point towards the transition from the bull market to a bear market. Hence, PTRB is currently undergoing severe stress and weakness. 4 Further, the Relative Strength Index RSI concurred with the similar bearish sentiment as indicated by the death cross and MACD and Signal lines indicators. The RSI is currently below 50 and gradually heading towards the oversold level. The bear will continue to charge and take control. Injuries, bruise and pain had inflicted. Going forward blood anticipated. 5 PTRB has enjoyed a mini bull run since its debut on Bursa. The bullish uptrend has reached its peak at 68.5sen and cooling off for a little while. It decline has begun and the downwards momentum will gather strength with accelerated speed in the coming days. This is my technical analysis basing on the candlesticks chart and various technical indicators. It is just an expression of my personal opinion and it is not intended to influence anyone’s trading plan and investment strategy. 4/3/2023
1PTRB had a spectacular bull run and price shot up sharply from 36sen to 68.5sen in the last 3 months. However, on 16/2/23 it experienced a first day reversal and price began to fall from its peak of 68.5sen over 4 consecutive days to hit a low of 57sen. Over the next five 5 trading days it recovered briefly to 63sen.
2 The bears resumed its course on 28/2/23 in which over 3 days PTRB had a sharp vertical price fall from 63sen to intraday low of 49.5sen and closed at 50sen. In the candlesticks chart this was the flag pole. 3 Thereafter, and over the next few days it consolidated in a parallel channel of ups and downs to form a flag. PTRB is now trending in a bear flag candlesticks chart pattern. Bear flag signals gloomy prospect and falling prices.
4 When the bears have rested enough and recovered its strength in the next few days or weeks, they will resume its rampage and further crash down the price.
5 The Company is expected to announce its 3Q result in March. Nothing except a set of good result could help to avoid the fall and salvage the damage. Otherwise, the collapse will be magnified. 6 Let the buyers beware and Caveat Emptor. Trade cautiously 10/3/23
1.Silicon Valley Bank wound up. World Market, Stock Market, Everything Everywhere All At Once collapsed. PTRB burst out and bungee dive vertically towards the red ocean.
2. It opened at 50sen, inched upwards at 52.5sen and plunged to an intraday low of 44.5 sen and closed the day at 45.5sen.
3PTRB is trending on the candlesticks charts of a bear flag. Today at 45sen closing, it has broken the flag and smashed through the pennants from the upside to the downside with volume and volatility. Clearly the bears had rested and recovered its strength causing havoc again.
4. In the coming days, it will continue to charge more aggressively and violently. Enormous fall and greater damage are realistically expected basing on the technical analysis of candlesticks chart.
5. Share investments is not all the time about making profit. It is also about avoiding a loss from a counter that looks so palatable that you did not invest and ultimately turns out to be most deceiving and deceptive.
6. This posting is not a sarcasm and unintended to rub salt on a wound. Rather it is an attempt to forewarn that the worse is yet to come.
7. Be safe and avoid great exposure to danger. 14/3/2023
PTRB is a very profit counter ... 2 Q good profit ... and The boss hold 75 % of share and market float only 25 % about 180 mil... This business is a sea food business n 7 outlet food mart .. selling Daily food product ... and record of profit cont... Buy and keep this hidden gem ... when next report out and it just new IPO and a hidden Gem to buy... buy when prices now is low.... it will come back to 70 cents very soon...
Morning all ... my guess is right 180 million share 25 % in the market all mostly distributed . Time to turn around to PE 12 again ... Good luck to all those have buy low all the way back to 70 cents .. hope for good result n give 1 st dividend cause the boss hold 75 % ..BUY AT OWN RISK...
The most important is done chase high when everybody going in for party ,,, if not u will end up staying in Penthouse ..Buy those good value company which have profit n throw down which we have lower risk to get lower ... and check the RSI 100 days which in over sold ...This is the best option we can buy... Share in cantonese means GUESS ... No 100 % win ... BUy n trade at our own Risk ...
1.Candlesticks technical chart remain very bearish. Nothing has changed since 14th. Mar. In addition the moratorium of a substantial numbers of IPO shares will be lifted tomorrow. 2.Weakness in share price expected. In the coming days if the announcement of quarterly result is below market expectation, prepare for pain.
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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....
Live2Win
487 posts
Posted by Live2Win > 2023-03-03 09:10 | Report Abuse
In the current market like this, i guess it wud be safe to collect at arnd 44cts later