PENTA - Gravestone Doji Signals End of Rebound?PENTA - Gravestone doji may potential mark the end of technical rebound, surging RSI and MACD have limited impact for the stock now. Resistance is strong at MA200 or level close to 4.20
PENTA trade ideas
PENTA - bullish on the short-termI am bullish on KLSE and HSI for the short term. I see PENTA potentially testing a daily key level @ 3.75 - as long as the overall market is in a bullish cycle
Malaysia Best Performing Stock Since 2013 (Pentamaster)Malaysia best performing stock since 2013, Pentamaster, a 50x gain in 7 years.
But most people didn't make this amount of money because most people don't have proper education in the stock market.
They are TOO FEARFUL of investing because of the fear of market crash and recession, which is understandable.
However, when something goes up 5000% in 7 years, they are plenty of opportunities to make money here and there.
And the only reasons someone will be able to make some money from this stock is because that person is being objective rather than subject themselves from bias and noises.
Consider this, Pentamaster is a Semiconductor Equipment company, making automated machine, sounds boring.
But looking at data and facts, we know that:
1. Semiconductor and Nasdaq begins their bull market in 2013.
2. The rise of Artificial Intelligence with the boom in Nvidia stock sometime around 2015/2016.
3. The continue rise and growth in fundamentals of semiconductor stocks since 2013.
Given that this stock is in the same INDUSTRY and SECTOR as something that is performing the best for the past 7 years, why it will not do the best?
Heck, this is one of hundreds of stocks that have performed well for the past few years.
In the Malaysian market alone, we had Inari Amerton that did 10-20x in 2013/2014, we had Globetronics that did the same, we had JHM Consolidation that did at least 20x in 2016 and 2017. We had Vitrox, we had Frontken, and we had some other companies that are doing well recently.
So, now, looking back, it seems obvious, but majority of people will miss out on big gains because they don't understand how market works.
They keep listening to the media, not doing any homework to understand the industry in and out and most people are LAZY, that's why they just wants to look at a chart and one indicator and wants to make 100% in one day, which is sheer stupidity.
Like I said before, I will CONTINUE to ride this trend up because this trend is not ending up anytime soon.
And the best way to make money in this kind of market is to have some exposure and and some understanding for the fundamentals behind these companies, which is BEYOND TECHNICAL ANALYSIS. I have been bullish on the whole space since 2016 and 2017 and continue to bullish DESPITE the correction in 2018 and that has paid off well.
I will continue to ride all of these stocks up until the MAJOR PEAK of this cycle and that's when it times to be CAUTIOUS and FEARFUL, as Warren Buffett points out, be FEARFUL when people are GREEDY.
Greedy is defined as media being optimistic and optimistically bullish on the whole sector and industry.
Semiconductor will continue to do well for some time but for anyone who already 10-100x their money, it is always wise to take some profit off the table and put it somewhere.
But this cycle might be the last time we can make money easily before another LOST DECADE and BORING PROLONG BEAR market, which we don't want to see because it will be bad for humanities and everyone.
Pentamaster distribution?I hope I'm wrong but based on what I look at, Pentamaster seems to be in distribution mode.
Pentamaster Elliot Wave + Fibonacci + Wyckoff Target PriceHere we are trying to analyse the Elliot Wave for Pentamaster.
We combined with fibonacci projection to finetune the analysis and we found out that the current price is at the end of wave 5, with the assumption of wave 3 extension.
Also the green lines, show the target price based on Wyckoff Law Cause and Effect.
FA+TA LONG PENTAsmart money level tick
uptrend tick
momentum tick
earnings tick
Be wary of resistance level.
Good for mid term investment
Pullback in Downtrend or Breakout? Let "Volume" Tell You - Part5We found a lots of stocks with potential breakout in KLSE . Below are the stocks in this review:
1. Success
2. Johore Tin
3. OpenSys
4. Kelington
5. Pentamaster
Which are the best?
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
Penta: Earnings is still strongFor QE30/9/2018, Penta's PBT increased by 23% q-o-q or 120% y-o-y to RM17 million while revenue rose 6% q-o-q or 30% y-o-y to RM108 million. Revenue rose q-o-q due to increase in sales from automated manufacturing solution operating segment. The Group recorded a higher profit before taxation of RM29 million in the current quarter as compared to the profit before taxation of RM24 million in the preceding quarter, representing an increase of 18.4% which was in tandem with the increase in revenue.
Financial Position
Penta's financial position is satisfactory, with current ratio at 2.9 times and gearing ratio at 0.4 time.
Valuation
Based on an earning CAGR of 60% over the past 3 years, PENTA's PEG ratio is at 0.4 time. At this PEG ratio, Penta is deemed an attractive growth stock.
Technical Outlook
Due to the sharp decline over the past 4 weeks, the stock's MACD has gone below the zero line, indicating possible downtrend. Since it has reclaimed its uptrend line, a bearish call is delayed.
Conclusion
Based on good financial performance & financial position and attractive valuation, Penta is a good stock for long term investment. The mild weakness in its technical outlook will likely be worked out in the next few weeks, and thereafter the stock may continue with its prior uptrend.
Disclaimer
I hereby confirm that I do not have any direct interest in the security or securities mentioned in this post. However, I could have an indirect interest in the security or securities mentioned as some of my clients may have an interest in the acquisition or disposal of the aforementioned security or securities. As investor, you should fully research any security before making an investment decision.
Carta elliot wave PentaPenta pada jummat telah memperolehi QR yang bagus. walaubagaimanapun, dijangkakan insider dah tahu bahawa Penta akan meperolehi QR yang bagus, dan harga telah berjalan sebelum QR. Berdasarkan Elliot Wave, Penta Kemungkinan berada pada gelombang 3 (iv). Berdasarkan pattern carta, penta telah wujud double top. MACD juga mewujudkan kelemahan dan kemungkinan besar wujud dead cross. Jangkaan saya, pada isnin Penta akan naik tetapi kemungkinan besar akan buat retracement pada minggu depan
