Hi guys
I called for a Buy when Carimin crashed from IPO over Rm1.00 to 39 sen
Today Carimin rebounded nicely going back to IPO Price near Rm1.,00
THIS WAS WHAT MY JOHOR SIFU LIKED
HE TOLD US THAT THE PATTERN OF A STOCK CHART SHOWING THE CURVE OF A PLATE MEANS IT IS A CHUN CHUN TURNAROUND
Now VELESTO HAS SIMILAR CHARACTERISTICS LIKE CARIMIN
AT IPO OVER RM4.00 VELESTO ALSO CRASHED FROM RM4.00 To LESS THAN 30 SEN
JUST LIKE CARIMIN ENTERING INTO THE OIL & GAS BUSINESS IN A VERY CHALLENGING TIME VELESTO ALSO FACED THE SAME DILEMMA
NOW THAT CARIMIN HAS REBOUNDED WILL VELESTO FOLLOW ITS PATTERN?
See CARIMIN CHART
CARICARIMIN PETROLEUM BERHAD [S] (5257)
And SEE VELESTO CHART BELOW
CARIMIN SHOWED A U SHAPED REBOUND (NOT V SHAPE) IN U SHAPE MANY
ARE WRINGING THEIR HANDS AND GAVE UP HOPE BECAUSE OF EXTENDED
WAITING.TIME
V SHAPE RECOVERY IS QUICK AND FAST
FROM THIS ABOVE CHART CARIMIN CAME DOWN FROM OVER RM1.00 BUT VELESTO CAME DOWN FROM THE LOFTY HEIGHT OF OVER RM4.00
SO A FULL REBOUND MEANS VELESTO GOING BACK TO RM4.00?
THAT MEANS 1,000% UP OR A 10 BAGGERS?
NO NEED SO HIGH EXPECTATION: RM1.00 REBOUND ALREADY GIVES US MORE THAN 200% GAIN!!
IT REMAINS TO BE SEEN AS PERFORMANCE IS YET FUTURE
FOR THAT WE HOPE AND WAIT
BEST REGARDS
Calvin Tan Research
Singhapore
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/197934.jsp
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/197934.jsp
