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Woah. The huge volume killing it. Flashing all greens on my screen. Worthy looking into it but I've got a feel that this one might be "The tyre pancit situation" once it crossed levels like 0.25.
I think increase market penetration with implemented cost control measures will help them bag more projects since they're known regionally? It's just a landmark of time
@Nick usually what happens to a momentum stock is that it will move higher instead of allowing participation. You can unload higher though this is not the peak yet
if u're looking to trade momentum stock , 0.225 is the resistance have to break in order to go higher otherwise the risk reward is actually higher if you enter now
Based on what I've seen I believe traders have entered somewhere between 0.205 to 0.21 last Friday. I do think anywhere near this price range is an actual bargain lol
Nick "I'm not sure who u guys are but I'm here since 2022 lol my price is super low". What made yo u buy into this at that time? And earn double, what make you still hold?
i think beark .225 not difficult based on last week closing. Once break .255 ATH, then will fly or not on momentum/ Q report coming, good result announcement will come in handy.
kchun when hardware technology hits the trend , software surely will be brought up as well, so as the more advanced technology is the more cybersecurity structure needed . base on the current price , smetric may hv involve in e-invoice Digital Cert services, time will tell . some people like to ride the trend, some invest and wait.. waiting is a lonely journey
Yep time will tell. For now, any flush will only make the turnover for buying greater. I'm still hoping to buy a little before the train departs way too high based on last Friday's momentum
Haha nick you are one lucky guy having bought it at a low price. I'm happy for you really and I think with this explosive momentum my guess is that those cautious momentum traders will only enter once round number like 0.30 breaks
Lure you in first and when you think QR is good, suddenly give you a bad QR then the price go south again? Ended up stay at penthouse and wait for for another 5 years!
Possible because I've seen it before trading some of the index stocks. I don't think any momentum traders that are serious will enter unless it breach 0.30
My reason is simple: Because I'm using filters that screens it early and if I were to default to old school momentum filters.... yeah it might have been too late and presumably alerted me at 0.30
nick you sound like you sold? I doubt you can buy back lower. This kind of chart looks promising to me that it is only one way up. Gonna rocket soon. My 2 cents, its better to hold long than to trade
@What To add on top of what you've just said, I do agree that this type of charting isn't the best to avoid nor to ignore for us momentum traders. It's a dead giftaway of free profits on the way up lol
momentum trading is not suitable in KLCI but US stocks, so for whatever u learned from YouTube or gurus the chance of losing money on momentum trading is high
Not necessarily true. I learn from an expert who traded the Nikkei/SGX/KLCI for decades. So I guess you should have say we all have differing views and techniques. Not one size fits all, nick
@Kchun Of course. The only way momentum stalled is if breaks 0.20. Anything that goes under and ranges in this current price range between last Friday breakout is just a shambolic attempt to F with traders and investors psyche