TREND EXPERIMENT: IS KPOWER A SUPER PERFORMANCE STOCK?Well, this is the very 1st time I'm posting here (also acting as my own practical notes).
*Premium account tu sebab aku tersalah beli, cost me few millions, sekian. (No way a pro in this field, just yet!)
Simple revision based on:
1) William J O'niel's How To Make Money In Stocks.
2) Mark Minervini's Trade Like A Stock Market Wizard.
3) Simply Wall St website: Do Subscribe although a bit expensive. This would give you a diagramatic presentations which is super simple to understand.
4) MalaysiaStock.Biz
Why do I choose this particular counter? I have made 18% and pulled out too early knowing that if I still keep it till today, I could have easily made almost 50% gain in capital and made few billions like Bezzos within 30 days. Lesson learnt, be fear not if the company adheres strongly to the FA + TA + CA = "Trend is your friend" says the great investor Marty Zweig.
FA: Fundamentals (CAN SLIM)
C- Current QR reports have been showing super profitability for past 4Q. Yesterday's announcement 30/11/2020 of QR could be a huge catalyst.
A- Annual Report shows outstanding profits YoY
N- Previous business based on retail goods, which later ventured into Constructions and Clean Energy (now on huge trend globally) + New big boss appointed on last November 2019 + New Q121 profit + YoY profit 759% + secured multiple projects globally for past 1 year mainly on energy plants + Ex dividend date 8/12/2020 & Pay date on 23/12/2020.
S- Supply Demands +++
L- Leader in its sectors? OTW
I- Tokyo Marines, Allianz, AIA, NORGES BANK, UOB-OSK, Affin Hwang, Barklays Bank, Maybank Investment. LET EM' SHARKS IN!
M- Market? Uptrend and following current global needs for green energy.
TA; Finding a possible super performance stock criteria based on his "Trend Template". I find this company chart fits most of it.
1) Phase: In Stage 2/ Uptrend/ Accumulation Phase
2) Current stock price trading above MA50,150,200. GREAT!
3) Current stock price at least 30% above its 52WL (could be more before emerging as consolidation period)
4) Current stock price is at least within 25% of it's 52WH; in this case (on 12/1/2020) it's nearing peak!
5) 150MA >200MA
6) 200MA in uptrend for past 4-5 months (minimum 1 month)
7) Relative Strength is no less than 70, preferably 80s or 90s
TRADING PLAN: 2 WEEKS SWING
All seems good for this counter? cashed in on 30/11/2020 at
EP: 4.830 x ????units
COST: RM ?????.00
SL10%/ 4.35 / -RM???
TP8%/ 5.2 / +RM???
TP10%/ 5.3 / +RM????
TP15%/ 5.55 / +RM?????
OR
Follow trend for 2 weeks and take profit.
EXTRAS: VALUATION (based on Simply Wall St)
Fair value of the stock price is at RM10.22 compared to current price RM4.84.
