ASTRO (day) - sell down due to news?ASTRO
Today insiders sell base on news (about VSS)?
Overall still downtrend & oversold.
High chance will continue pullback 🤔😱
Need to sustain in the parallel channel if want continue the mini swing up.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
ASTRO trade ideas
Astro Malaysia Stock (Waitting Entry)Please be patience to watting the entry price for Astro Malaysia.The price at 0.92-0.94 will be a good support area to entry for Astro Malaysia,because is have a lot buying volume waitting at there.Also, when the price reach 1.00 ,if u wish to entry and cannot wait, we also recomment you can make a try for small volume entry,after price reach 0.92-0.94 than you can add your lot volume.
What is Astro Malaysia Holdings Berhad worth?
Great news for investors – Astro Malaysia Holdings Berhad is still trading at a fairly cheap price according to my price multiple model, where I compare the company's price-to-earnings ratio to the industry average. I’ve used the price-to-earnings ratio in this instance because there’s not enough visibility to forecast its cash flows. The stock’s ratio of 9.36x is currently well-below the industry average of 22.69x, meaning that it is trading at a cheaper price relative to its peers. Astro Malaysia Holdings Berhad’s share price also seems relatively stable compared to the rest of the market, as indicated by its low beta. If you believe the share price should eventually reach its industry peers, a low beta could suggest it is unlikely to rapidly do so anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range.
What does the future of Astro Malaysia Holdings Berhad look like?
investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. Though in the case of Astro Malaysia Holdings Berhad, it is expected to deliver a negative earnings growth of -5.5%, which doesn’t help build up its investment thesis. It appears that risk of future uncertainty is high, at least in the near term.
What this means for you:
Are you a shareholder? Although ASTRO is currently trading below the industry PE ratio, the adverse prospect of negative growth brings about some degree of risk. Consider whether you want to increase your portfolio exposure to ASTRO, or whether diversifying into another stock may be a better move for your total risk and return.
Are you a potential investor? If you’ve been keeping an eye on ASTRO for a while, but hesitant on making the leap, I recommend you research further into the stock. Given its current price multiple, now is a great time to make a decision. But keep in mind the risks that come with negative growth prospects in the future.
So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. Every company has risks, and we've spotted 2 warning signs for Astro Malaysia Holdings Berhad you should know about.
Astro - Break Up RM0.94Astro - Break Up RM0.94
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(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
ASTRO, maybe is going to bull for a while.ASTRO is getting more hot now. The pandemic covid is not able to stop this ASTRO. the more people stay at home, the more bullish this price may go. Plus, the Astro & broadband is more worth price package rather than other brand. With more people working from home and students learning from home.. this will bring Astro more solid in the nearest future.
#ASTROThe idea is the same like BOILERM,
For your information, this counter is Non-Shariah Compliant.
This counter give dividend around 4 times per year, rather than BOILERM which is 1 time per year if I'm not mistaken, please double check.
The fundamental is good, positive.
The technical that I see here is the same like BOILERM. Pinbar at support level.
ASTRO (BUY ON SUPPORT STRATEGY)TECHNICAL PERSPECTIVE:
1. STRONG AND REPEATING SUPPORT LINE
2. POSSIBLE TRIANGLE BREAKOUT
FUNDAMENTAL PROSPECT:
1. SHUTTING DOWN ANALOG TV MIGHT ENCOURAGE PEOPLE TO TRY ASTRO (POSSIBLE REVENUE IMPROVEMENT IN FUTURE)
2. ATTRACTIVE DIVIDEND YIELD AT CURRENT PRICE (5.88%)
RELATIVELY HIGHER RISK AND REWARD ENTRY SETUP — POSSIBLE TRIANGLE BREAKOUT ENTRY SETUP — DIVIDEND INVESTING ENTRY SETUP
EP: 1.320
SL: 1.300
*Disclaimer: Information above is JUST for sharing and discussion purpose ONLY.
Astro - Confirmation of Lack of Demand by Smart MoneyWeakness in the chart
1. Selling Zone on the background
2. Low volume upbars during the reversal
Send us your preference stock to review based on TradeVSA chart by comment at below.
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Astro - Lack of Demand by Smart Money?Reason to Avoid:
1. Hit the Selling Zone / Resistance
2. Upbars with low volume. No support from Smart Money
Send us your preference stock to review based on TradeVSA chart by comment at below.
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
End of monopoly Astro lost its monopoly over paid TV broadcasting.
However the real game-changer may be the high speed broadband which may bring out competitors from the left field that we have yet to factor in the impact.
Notwithstanding the above, I believe that this news has been discounted over the past few months.