Blog: HOW HENGYUAN CAN BUILD STOCK PRICING POWER TO INCREASE PE TO 10 X & BEYOND {PureBULL Strategy}
Feb 24, 2018 03:08 PM | Report Abuse
Dear Halite,
These 2 PLC had changed name but the core biz structure remained almost constant.
We always need to know n learn from history esply History repeats in stock mkt in similar way.
We call it: BALIK ke KAMPUNG to the glorious days of the stock
In essence, HENGYUAN has the right to do a lot of catch up in prices, that's all I can shout. n thanks PETRONM for leading the way n guidance.
Thanks Again to u Halite.
Feb 24, 2018 02:48 PM | Report Abuse
Dear Halite,
There is nothing wrong with PETRONM.
Both these PLC will do very well with the strong OIL price which could get even higher gg forward, courtesy of OIL price reversion to the mean n much more.
Chart wise in my opinion, PETRONM had hit a high peak n is consolidating in a band, meaning making it compact over say 2-3 mths, then it will look like a flat airport runway ready for the next flight.
A Simple way to know if a stock is still in continuous bull is:
i. weekly RSI must be > 58%, If < 56 it must quickly go higher to 58 at least n stay.
ii. in poor mkt sentiment/period, the close price C has to be > weekly ema18 line.
When these conditions r complied, it means BIG Smart money is still in the stock.
Personally I see PETRONM stabilising. U need to track the top n bottom pts of the band or trade guessing those pts well. Time will heal everything.
In historical truth, HENGYUAN price was always ahead of PETRONM by 2 to 3X since almost 20 yrs ago.
At 2 to 3X, we could guess HENGYUAN's potential current price vis-a-vis PETRONM now.
There r too few quality FA stocks that can fly to NEW HIGH this season. Most had peaked n looked like churning n spinning another 1 or 2 tops or lower top at best! Know your every stock status now. Quickly decide the right action to take !
BEST of LUCK to all strong stock holders of PETRONM N HENGYUAN.
http://klse.i3investor.com/blogs/purebull/148396.jsp
