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Hi Nostradamus,
My friend asked me to hold on to it. He said can break 30 cents easily if the stock can overcome today profit taking.. It looks like this counter is well supported at 28 cents.
OIC. Thanks Nostradamus!
I'm a noob when it comes to investing.
Stocks typically rise in 3 phases. After breaking out from its base, the 1st phase is a gradual rise. In the 2nd phase, the slope is steeper. The final exhaustive phase is where the price moves up almost vertically. There's buying until there's no more buyers. Then comes heavy selling. And the price plunges.
wah! chim chim ..... what does "exhaustive phase" mean? Is it good or bad?
This stock is in a vertical move, which means that it's in an exhaustive phase and is prone to a big correction. Take profit!
BullRun,
How many times have analysts' targets been reached?
Nostradamus,
Thanks, but I read from CNA that the FV is around 35 cents. Do you think is that possible?
Bullrun,
That means take profit around 28c.
Nostradamus,
Does that mean we should take profit now??
Looks like the RSI will head towards 86% again.
25 cents!!!
Bullrun,
Looks like my estimate of 28c will be very likely now.
Nostradamus,
You taken profit?? My friend told me to hold on?? What you think??
Thanks, BullRun. Reached 23.5c which is slightly more than my target of 23c. Fell to 22c today. So 23.5c is the peak for this leg.
Nostradamus,
Your are good. Crossed 23c today! Heading towards your estimate of 28c! Thanks.
BullRun,
It's just a rough estimate for Asia Power. My target is around 23c.
Happy...up again!!
Nostradamus,
Woh, that is simple! When do you expect Asia Power to hit 27 cents??
A few months back FV was 15c. Then on 1 Mar, it reported 85.9% increase in net profit. So calculating roughly, FV = 15 x 185.9% = 27.9c.
From the RSI chart, the price turned down when it reached about 83.8%. For Asia Power to reach that level again, the corresponding price will be around 23c.