Ya... there are quite a number of listed companies whose offices aren't impressive looking...
and yes... some operates in shop lot offices premises....
makes you wonder hor....

If you would have noted, this should be a turnaround play...
and whenever there are turnaround plays...
there will be many fansi....

and even I would be aroused occasionally....

but this one...
listed in 2012...
so fy 2012... usually don't count one la.... those prelisting numbers always fei kei ones....

by fy 2015 .... this bugger already started losing money...

so now fy 2016.... turnaround....

and as you know...
market always bet on future earnings one ma....
but this fella...
with such a track record....

how to trust deep deep and bet big big?

From Henry.

which one leh?

Edit

Dude....

it's OK to talk trading based on fundamentals. I even put it there on the first page long ago.

Ok. Parkson.

It's not just just China.
I feel the management has continued to make bad decisions after bad decisions.
Anchor tenant at Maju mall?
No wonder they are losing so many millions on that store.

Latest?
Anchor tenant at Mytown Mall?
And just a few hundred meteres, anchor tenant at Sunway Velocity?
I just don't see Parkson can do well making such corporate decisions.
You been to these 2 new mega big malls?

Here's some old postings

post #123


Parkson was hitting a 9 year old in stock price then....


Here's another thing to consider also...

those years... when Parkson was 2.00++

I remember some buggers calling it a buy...
saying how could they lose when Parkson was actively buying back their shares...

Momentum starting ??



Sudah terror geng lingo.



This one kinda strange.
The market's reaction to its performances was kinda muted in Feb... then suddenly it decides to pop up on Friday.

I have no idea how to chase such stuff.

hehe....

time to talk candles.

Yes, it's a good observation on your side on the gravestone.

here's a bigger zoom in chart.



If you note there was a couple of plain doji's too.

Here's the zoomed out images...



And the further one zooms out, the worst it gets...




And yes, it's really BAD since 2011....
note: consider this in 2011, Parkson was making 600 million ringgit per year. Last year it lost 99 million
that says it all, yes?

And of course, no stock falls straight down.
As bad as it is, there were a couple instances of rebound....

So this is where it can complicate things.

Some traders are EXTREMELY good at picking rebounds.
They are pro.
And they can make tons of money.....

BUT many fail attempting such trades cos simply the odds are stacked heavily against them.....

I can understand that perhaps one might gamble that Parkson could retest 73...
note: volume has certainly been much livelier ...
note: watch 655 sen.
but for me, with such a deep downtrend, I would RESPECT the MASTER (ie the downtrend) ...
and would probably wait and see if Parkson could trade past 78 sen.
note: how it trades past 73 sen is also important

On the PRG side....



Looks just as terrible, yes?

On the brighter side....



PRG doing not that bad eh?


that's about it.

Wishing you good luck on your trades.

So it goes pop pop sound......

make money again eh?

Ah Ben...



this reply is probably 10 mins too late.

....normal trading resumes.... just some wild swings here and there...

This is good ma...

1. Write down reasons why you buy.
2. Note market sentiments
3. Treat it as if you were trading with 100k real money.


Take BDB the other day.
Looked ok...
Good dividend going ex.
Theory to test?
Jump into a stock which has going to pay dividend soon.
Sub theory of it...trade long or short?
If trade short...selling it immediately after it went ex...would yield what kind of result.
blah...blah...blah...


Oh...and check if Ah Boon got put his two coconuts into play or not......





This post has been edited by Boon3: Apr 3 2017, 01:23 PM

Getting scary ..... cos Gark thinks it's scary.



Lot of stocks going pop pop hor...

ahem.. ahem.....

damn, i was looking at the wrong thread for the past 2 months

Shit! Looks like I gotta dig another new hole to hide..................



chartians, if this 1 break 2.42, how ah?



I try answer based on what you ask....

If it breaks 242 it will be higher than 242.

Correct?

Onion dude is old kaki la.....

But seriously... I did not know how to answer.....

this was the chart....



and as u can see..... 2.42 is.....

Blardeeee hell...... batu api spotted.

and the theory is .... ?

I traded this b4 last time....




errr.... 148 entry?

This post has been edited by Boon3: Apr 5 2017, 08:00 AM

LOL! Sorry la.. hehehe ..... long time no see hor...

See la...
you no put counter name down.....
you think magician what I am meh....

This would have been the equivalent chart you posted.



As you from that chart....
what could I have seen?

Where's 242? It's not even on the chart.
Has the stock traded above 242 before? Can't even tell.

So my answer to 'if this 1 break 2.42, how ah?' .... err..... yea.... a bit too sarcastic...
but that's the best la ...
I could have answer...

from your chart...
the stock has already shown great momentum...
trading from a low of 180 to 230+ ...
impressive run.

and only when I zoom out a little (and knowing the stock name)...
using a slightly longer time frame...
I finally manage to see what you are trying to say...



... and as you can see...
it should be 243 and not 242...

If you followed my postings, generally I am not into S&R....
supports and resistances .... err.... it's like its there but isn't there type of indicator...
sometimes it's good to know... but then... sometimes.... it's simply simply not even relevant..
One day they would draw the S&R lines here and there...
the next day....within a blink of an eye.... one of the lines is quickly redrawn....
LOL!
Some would go... 'how could an analysis be so flip floppy so fast one?'

Anyway.... for me ... using ur 242.... I would HAD probably drawn these two lines...



so technically....
there's a chance/possibility the stock could retest that previous high of 285....

(please note the exact england meaning of the bolded words)

The question to be asked is....

Is there enough momentum to drive the stock forward?

Your initial chart...



The stock had a deep correction in Nov.

Since Nov is a reporting quarter for YSP, it's damn important to know what happened.

** Now the stock started giving way early early Nov.
Notice the black candles that kicked of Nov?
Next we saw that YSP only reported its earnings on 15/11
and ..... boom boom pow!
stock went longkang big time on 16/11 - the day after the earnings.

2 things ...
Q earnings can impact stock bad bad - esp for those stocks branded as 'fundamental stocks'
for some stocks... insiders always seem to know.... ***

Moving on...



Well for me...

1. The Dec/Jan movement... I would consider that as general technical rebound to account for the Nov collapse...
2. Stock started kicking up in Feb. Notice the long white calendar on 3/2 ?
3. Deja vu again? Insiders know?
4. Boom boom pow! And they win again.... YSP had a strong 4th Q.
5. The movements in March... were as expected....
6. However.... the recent most 4 candles.... very. very, strong.

This is how I would have done my review.

And judging from all these, perhaps I would say that there's justifications to reckon that the stock could indeed retest the next high.... counting in the fact that market sentiments is rather positive lately....

BUT..... as a risk management issue..... you probably might want to take into consideration that the stock did not really have a decent consolidation period ... so you need to account for it......

This type of answer ok bo?

Fingers got keyboard blisters liao.... boohoo.......

Hehe.....

1. Which is the long consolidation period you are referring to?

2. 1.20 - 1.45.? This sounds like a huge range.... err... on mobile now. So not exactly sure what you are talking about.....

3. The syabas new pipe works uses a lot of OKA pipes. One can see it everywhere in Kayel.

4. Unsure about OKA 's HSS involvements....

btw...

one of the objectives is to find trading setups you can replicate and in this process you will also find out which are the setups which are iffys and risky.

Side note...

Using your super boy...what you note?

Me?

Last year..when stocks broke out ie whenever a stock records a long white candle or after 3 run up days, the stock sure consolidate. And consolidates for 3 days. Then moves up again.

Now? The market hotter...your super boy cooled down only 1 day then went boom boom pow again.

Why to note this? If one trades long enough, one would realise that one cannot trade the same style everyday, every year. Think real sea fishing and the weather.