Industry: contractors civil, dealer of marine fuels, industrial gases and structural contractors works, and lubricants
Company website: http://www.azrb.com/
Ahmad Zaki Resources Bhd (7078.KL) Malaysia was downgraded from stable to negative, risk is higher, buy little only at 1.05 . This is high risk counter according to chart and should speculate sell for short term-investment.
Chart reading not really need to form a pattern , just read from what you saw and try to understand it ,when you try to make it form a pattern mean you dont know how to read it , so you call some one(pattern creator) to read it, then a look alike pattern flood up from your mind , you read as it but not really as what was in your mind. Theory sometimes work, sometimes don't! Better make friends with Gypsies so can borrow their crystal balls but must make sure that particular gypsy got balls one.
Another things is interest going to up in order to stop RM from dropping against Singapore Dollar.... no need see chart also know the right hand of the chart. SGD hike gives a big impact to Malaysia. It indicates our government management is not that good. In order to remove this matter, Bank Negara is considering to raise INTEREST RATE to push up Ringgit Malaysia.
America during Greenspan time interest rate up 3 time shares price down but when the forth time interest rate up shares price shoot up to a new high , so what the logic.
Wednesday, July 31, 2013
