Any chart expert here? Gold broke resistance on a 20 year chart. I wonder whether such a long time frame applies in trading

The one chart that I do look at of gold is the weekly chart drawn against the USD.

The bullish ascending triangle break of 1400 happened near end June recently.

I would never use the MYR chart because the need to factor in the USDMYR factor.

One extra risk factor. One extra headache.

Regarding Mayban....

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So.. atm.. I would not jump in.

Just sharing la... I could always be wrong by being too conservative....

And this ain't an attack.

The last 2 paragraphs... This is where we defer.
I am like win big or don't bother....

talking about ASB. i wonder how ASB will fork out 8% this coming dividend payout. LOL

sell asset to give dividend? or declare a much lower dividend and let everybody hates PH for maybe a year or 2 before giving them sweet candies?

looking at the current situation, next year EPF dividend payout. 4.2%. ?

just fyi .....

quote:
you can refer to this other chart ... see how the trend changed in Oct 2016?

Well here's a chart of a stock .....
[attachmentid=10329366]
well? Is a yes? or a no?

So therefore, I have never address the issue of whether I am brave enough to buy...

Again, back to Maybank once more. Back in Oct 2016, as highlighted in the forum, the earnings turned around was visible and the stock broke out of its downtrend, well surely it was an opportunity to buy, yes?

ok. here is a golden question to ask. what would be the best time to jump in?

11 oct or earlier as the trend have move sideways instead of going further down. AKA, downtrend broken

or

24th where the declining NP has ended with a surprise 50% jump in NP?

to late to track feb 17. already uphill 5th gear, can roll back anytime (but somehow global economic sentimental was good) that's why its a hell tough to trade such stock.

Don't quite follow articles like this as it's never paints the correct picture. Price to book valuation? Lol. Who on earth really uses such a yardstick?

Look if you had followed some postings made by smurf or me, we had note for a long while that earnings in general had been piss poor.

That's the fact. When your main/big name stocks are experiencing declining earnings, you cannot expect the general market to be moving up. Many logically would have cashed out.

Not a fan at all of Maybank.

It's like taking big money to try make small money. : P

post #

Utterly BS.

If I were to want to bottom trade a dead fish in AirAsia, I definitely would want to know what the f is going on.
I might be a trader but I am not a headless gambler. Need to address the risk involved in the trade.

The US50 million was paid to sponsored sports team NOT owned by AirAsia. Not owned by AirAsia. Keyword.
That was in 2012.

Why would AirBus make such a sponsorship? And that F1 team, was practically an unknown....

I remember that huge contract signed by AirAsia to buy 200 new Airbus planes in 2011. Keyword 2011. AirAsia buys 200 new planes, AirBus next year sponsors Ah Tony F1 team.

How much was the deal? US18 billion if I remembered correctly.

What was so absurd about the deal was AirAsia backlog of planes to be delivered as already a lot. Something like 80 or 90 planes yet to be taken delivery by AirAsia. Was there a need to order so many planes when AirAsia had already so many planes not yet taken delivery. Cannot brain some more was back then AirAsia cashflow was so bloody poor.

I laughed my ass of some more because AirAsia had less than 1 billion in cash then. A mountain of debts. More than 10 billion. And it prudently issue a new order of planes worth 60 billion ringgit.

Now we hear that the next year after AirAsia made the insanely massive order with AirBus, AirBus then made the 'ahem US50 million sponsorship' to a dunno what F1 team.

KNS. Exactly like this also can.

Outlook? How can any big investor trust Ah Tony now? And its so laughable when he denies it and even stupidly claim that there are people jealous? Serious? AirBus already admitted guilt by paying BILLIONS in fine la.

( Over the years, you could add in the airport tax issue, the Fuel Cost Surcharge which AirAsia raised like hell a few years ago, the squabble with Mavcom and then we have India AirAsia issue )

Ok, what about AirAsia itself. That Ah Tony built AirAsia out of nothing is utterly crap! AirAsia was financially engineered to be big. Borrow and borrow like hell.

Now any logical business mind would know that such strategy cannot continue as it is forever. Debts needed to be repaid, CONSTANTLY. The past couple of years, saw Ah Tony taking the debts engineering to a newer level. Sell and leaseback. That was actually NOT a bad idea but then AirAsia did the unthinkable. From the sale of planes, it paid out a huge portion out as dividends to its investors/shareholders. Mind blowing.

Now the amount paid for all these financial costs (bank borrowing + leasing) runs into hundreds of millions per year. With the China virus. If planes don't fly, AirAsia cash flow would be hit very bad. How to service its finance?

And Ah Tony bets so heavily on AirAsia hedging..... any wrong swing, AirAsia loses millions! Oil recently had a missive swing up and down. Do I want to guess how well Tony bet this round? The USMYR too had a big swing lately too....

Fundamentally, not smart at all to bet on AirAsia.

Chartwise? Well am I a trader who bets solely on the charts? Charts say jump, I jump?

Woahhh!!!

Wait a minute... What I wrote there was taken from a series of reply to a post on April 2019, explaining why I thought it was not a good idea to bet on ppbank when it was around 22++.

OK?

Woahhh!!!

Wait a minute... What I wrote there was taken from a series of reply to a post on April 2019, explaining why I thought it was not a good idea to bet on ppbank when it was around 22++.

OK?

PB considered good buy? Its lower than 52 weeks low already, and Maybank has returned upwards. Why is PB falling so much?

It rose from rm4 to RM5 since 1998 until 2 years ago then start coming down...uptrend almost 20 years leh

not bad eh?

Btw... I am a trader. When I don't trade, I still practice.

And it wasn't based just cos it was an OnG stock. Refer the sequence of postings previously.

If I went in the around the 46 sen region, I would be waiting to exit at this point.... ie any sign of weakness then I am out.