Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
daily and weekly chart already shown sell signal since the day I posted (22) days ago, monthly sell signal will confirm after another RM 1.00-1.30 drop from yesterday closed level
I am personally is looking good for this counter, just re - entered as this price is attractive for me, for sure this is my long term investment counter, why heng yuan continuesly drop in this few days mainly due to politics issue and also FMCO, not doubt it will affected the share price, just remember guys, buy low and sell high
Pandemic will end and economic growth is what we can foreseen, but I need to mentioned again, this counter is not suitable for contra kaki, again... buy low sell high ya guys...
since I first post here, I saw different voices and views/ opinions. but technical and fundamental still are the overall I will stand and share, fundamental vice look at the revenue and net profit vs dividend ratio..
as past years of records. so this already failed to call long term investment item. technical as I shared earlier, till yesterday, daily sell still intact but there are signs of slow or side way, but weekly are still a young bear trend. monthly chart are soon be bear.
indeed today gains are quite a lot, so we need to back test it, since after 28/5/2021, this share has been trade below middle BB, 24/6, after was 26/7, then today 17/8, so this middle BB are still a valid said as resistant. the deeper studies are 26/7 + 17/8 the macd did cut a buy signal, but 26/7 failed that's why it's carry on the trend. so today are a technical rebound then further deeper drop, or technical rebound with strength and trend to move up to upper BB, later pull back around mid BB?
this share had been deep fall, but not sharp fall, it's take time to decline instead, so even the rebound profit opportunity won't be plenty to risk fall, when share sharp fall we can find opportunity to catch the dead cat bounce, the bounce profit could be 30-50%,
possible retest middle BB which 4.21, either today or next Monday,1) it's must comes with volume, and 2) the 2nd candle or next candle need to firm above 4.25, then this down trend are considering reversal. the up side still unknown as too many positions holder on the higher price for past few years.
no, this sell signal started 17/9 in daily chart, so my earlier shared at 39 days ago as weekly was a young bear and monthly soon to turn bear with so many days later, I'm sure all daily, weekly and monthly chart already turn strong sell
27/8 has a spike, shoot up to even upper BB, then it's pulled back again from 454-405, on macd and Bollinger bands still at weakness, again now are still early to determine the sell signal were over, as the sell signal already in weekly n monthly, so no so easy to reversal
