Global Tech stocks looking good yesterday. PANDA Near TP 0.555, longterm TP 0.705. End of this month QR announcements will put highlights on PANDA again. This is just my own opinion, trade cautiously.
Tomorrow Panda will resume its uptrend after a minor pullback and will test the 50c level once again. It will break the bullish ascending triangle already formed at the top of the candlestick chart. This week it will close above 54c and on track to reach its TP 60 by end of the month.
As I suspected... Panda has already broken the 50c level. With Nasdaq breaking all time high... and all the Tech counters in Bursa are moving... Panda's share price should have been trading like CABNET by now.
Name Last High Low Chg. Chg. % Time US 30 40,849.5 40,994.4 40,823.3 -105.0 -0.26% 04:20:52 US 500 5,620.6 5,666.6 5,619.6 -46.6 -0.82% 04:20:52 US Tech 100 20,130.8 20,394.0 20,124.5 -269.2 -1.32% 04:18:43
Panda is a profitable company. I believe Panda's management should start thinking about giving out dividends to shareholders to reward them and at the same time to boost it's share price. I also believe Panda can go far in the future.
World markets have gone crazy today. Everything is down at Bursa. Nothing is being spared. At the moment... it's a seller's market. Investors would prefer to keep cash rather than worthless shares. As they say... 'A bird in the hand is worth two in the bush'.
Monday sure red again. Investors will look at Nikkei for early directions. Nikkei will drop further before any bargain hunting seeps in. Same with Bursa. Will drop further in early morning trade. Then.... will rebound.
Dow Jones and Nasdaq have gone up so much without any meaningful correction. Now is the time for the correction. There'll be powerful surge after this and many will miss the boat.
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Kung Fu panda is awake!