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Hi guys
Watch this counter it has slowly move from 0.06 cents few months back struggle at 0.08 cents to 0.09 cents few back just while back move up to 0.115 cents.
It might drop back at 0.10 cents or i just might buy in small volumes to average my cost.
I am guessing
1. it will move up to 0.20 cents in next few months.
reasons :
1.company engaged in the manufacturing of pharmaceutical products, including western medicine and traditional Chinese medicine.
2. Not forgeting the HINI Flu; it also said that chinese medicine helps to built body immunity system and much cheaper than Tamil flu tablets.
3. Company has made loss but has good prospects base on big consumer market in China itself.
regards
ezy
Global Penny Stocks www.stockkit.info
Disclaimer…The subject matters expressed above is based purely on technical analysis and personal opinions of the writer. it is not a solicitation to buy or sell.
very quiet for this share..can go in now?
Probably punters picking on this laggard after the surge in other pharmaceutical stocks.
From the RSI chart, it looks quite overbought. The other day, it rose to 16.5c only to fall back to 13c. I prefer not to buy at this level.
RSI crosses 50% level n volume is picking up...hmmmm... BUY OR SELL?
is it? ouch....
IPO price was 0.25
Dunno why.. why from its TA indicators (see A/D line and Chaikin), it looks like it should downtrend in this period of time. Any uptrend could just be an artificial fluctuation.
why is pharmesis going up today??