Disclaimer : This is my personal blog. Author will NOT be responsible for information errors, incompleteness or delays or for any actions taken in reliance on information contained herein. Examples in this blog are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The author assume no responsibility for your trading results. There is a high degree of risk in any form of trading and speculation. Trade at your own risk.

Friday, April 18, 2014

AMPROP - Is there some money to be made ?

One of the most common methods of setting a target price is achieved by first identifying a technical chart pattern. After the pattern is identified, price targets can be set by measuring the height of the pattern and then by adding it to (or subtracting it from) the breakout price.


For example, as you can see in Amprop chart above, the height of the ascending triangle is added to the last breakout price (0.93 sen) to determine a potential area of future resistance. The target price for Amprop using this method is RM1.09. (Note: This method has corrected predicted the target price of MFlour and Destini before this!) 

As you know, nothing is guaranteed in the financial markets and there is no magic way to determine future resistance. The tools mentioned above may give you a better idea of where to set price targets, but don't solely rely on these - they may not always work.

Wednesday, April 9, 2014

SAMUDRA - WA - very safe TO BUY !!

EVER SINCE Samudra was categorized as PN17 the stock and the warrants have been badly affected by the designation. But not to worry because the PN17 came about because Samudra had sold off their major business, Samudra Oil Services to Destini, and not because of bankruptcy or default in payment.

Here is the chart of Samudra-Wa;

IF you are not interested in chasing after a speculative and popular stock, buying Samudra warrants could turn out to be the best choice around the market today. I choose the warrant because it is oversold and have been sold down badly the last few days. Btw, I have bought this warrant before, read interesting post here

EXPIRY of the warrant is 2018 so no worries. AND because of the PN17 status, Samudra need to find a new business in 1 calendar year which will give some excitement to the stock. Buy, keep and wait. 


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