http://t.me/share4u88
Recent market recent react overwhelming optimistic to the penny stock below RM0.1 that has potential to be shine brightly in next few quarters, there are few reasons why retailers started to shift their cash to cheaper stocks
Reason 1: Tech stocks counters are too well perform, those were penny stocks not long ago, such as krono, mmsv , penta , jhm and etc.. are already upgraded to dollar stocks. Many retailers are taking parts of profit, seeking any opportunity of potential penny stock
Reason 2: Investors tend to find stocks that are less notice by market, FA stocks that were given too high expectation on it in short term wouldn’t bring handsome reward, worst case unexpected bad result would trigger panic sell.
Reason 3: Domino effect- chain reaction is the cumulative effect produced when one event sets off a chain of similar events. For example: steel theme comes, most steel counters move up together. Hengyuan & petron stock prices are influence by one another. Those are due to domino effect in short run, It’s not just FA & TA. Market had predicted HUAAN is next counter after Pelette, no doubt it works.
HUAAN fulfil criteria of penny stock which is evented by palette :
· Huaan stock price doesn’t benefit by steel theme, it was forgotten by market
· Unexpected good result come back from loss
· Penny stocks below RM0.1 before fry up
· Quarterly result is not one-off
Now, Hbglob just released their result on 30 AUG, it has fulfil those criteria. However, we notice from the chart, there were insider buying before the result release. Good thing is, its still below RM0.1. We do not own this stock as we are not insider, but we believe it will move above RM0.15 as long as still under domino effect of Palette
Hbglob(RM0.09) – Breakup: RM0.1 TP1 : RM0.15 TP2: RM0.2. CL: RM0.08 Valid until penny stock sentiment over.
Warning: Hbglob is PN17 counter. Weak FA . Trade at your own risk
Join us on http://t.me/share4u88 for latest update
DISCLAIMER : Investments involve risks, including possible loss of principle and other losses. This article and charts are provided for information only and should not be construed as a solicitation to buy or sell any of the instruments mentioned herein. The author may have positions in soe of these instruments. The author shall not be responsible for any losses or lost profits resulting from invesment decisions based on the use of the information contained herein. If investment and other professional advice are required, the services of a licensed professional person should be sought
http://klse.i3investor.com/blogs/rainbowshare4u/131437.jsp
Recent market recent react overwhelming optimistic to the penny stock below RM0.1 that has potential to be shine brightly in next few quarters, there are few reasons why retailers started to shift their cash to cheaper stocks
Reason 1: Tech stocks counters are too well perform, those were penny stocks not long ago, such as krono, mmsv , penta , jhm and etc.. are already upgraded to dollar stocks. Many retailers are taking parts of profit, seeking any opportunity of potential penny stock
Reason 2: Investors tend to find stocks that are less notice by market, FA stocks that were given too high expectation on it in short term wouldn’t bring handsome reward, worst case unexpected bad result would trigger panic sell.
Reason 3: Domino effect- chain reaction is the cumulative effect produced when one event sets off a chain of similar events. For example: steel theme comes, most steel counters move up together. Hengyuan & petron stock prices are influence by one another. Those are due to domino effect in short run, It’s not just FA & TA. Market had predicted HUAAN is next counter after Pelette, no doubt it works.
HUAAN fulfil criteria of penny stock which is evented by palette :
· Huaan stock price doesn’t benefit by steel theme, it was forgotten by market
· Unexpected good result come back from loss
· Penny stocks below RM0.1 before fry up
· Quarterly result is not one-off
Now, Hbglob just released their result on 30 AUG, it has fulfil those criteria. However, we notice from the chart, there were insider buying before the result release. Good thing is, its still below RM0.1. We do not own this stock as we are not insider, but we believe it will move above RM0.15 as long as still under domino effect of Palette
Hbglob(RM0.09) – Breakup: RM0.1 TP1 : RM0.15 TP2: RM0.2. CL: RM0.08 Valid until penny stock sentiment over.
Warning: Hbglob is PN17 counter. Weak FA . Trade at your own risk
Join us on http://t.me/share4u88 for latest update
DISCLAIMER : Investments involve risks, including possible loss of principle and other losses. This article and charts are provided for information only and should not be construed as a solicitation to buy or sell any of the instruments mentioned herein. The author may have positions in soe of these instruments. The author shall not be responsible for any losses or lost profits resulting from invesment decisions based on the use of the information contained herein. If investment and other professional advice are required, the services of a licensed professional person should be sought
