SERBADK T.A updated 11/ April/22While waiting Serbark “resuming” its trading activity.. It seem like previous (stalled ) pricestructure having a potential to form a triangle in wave 4 (yellow)..
Serbadk
IPMUDA (Follow up): Uptrend inline with expectationsFurther to my mid September post on MYX:IPMUDA , prices are moving nicely upwards after breaking the RM1.51 trigger. Targeting near the RM2.00 psychological resistance next but it is always good to use a trailing stop while letting profits run.
Some may also prefer to take some profits off the table while letting the balance of the position run with a trailing stop.
Congrats and well done.
Have SERBADK's downtrend done? 21/Oct/21There are many traders betting SERBADK "bottom" .. BUT its price "structure" "shown" it may still have 1 more leg down toward around RM0.185 ..P/S - Trade What We 'See" not what we expected" Let Mr. Market "Told Us" what to do, Not We "tell" "Mr. Market" what to do as "Like Dealing in Business"....
SERBADK possible wave C (Red Circled) Done. 14/7/21SERBADK possible may temporally found bottom. As current price retracement amount is higher than previous wave 4 (yellow).Possible find another buyers at around 0.390
SERBADK possible wave C (Red Circled) not completed yet. 3/7/21SERBADK seem like 1 more led down toward around RM 0.235 to complete wave C (Red Circled)
SERBA DINAMIK Where to Hold Your PriceHello Traders
Serba Dinamik now has reach the point of decision. IF RM 0.35 cannot hold the candle, it will go down until RM 0.09.
SERBA DYNAMIK (SERBADK) - Failing Knife of 2021Alot of people attempt to bottom fish this stock that is mired with controversy with its auditor, KPMG who refuse to certify the audits.
The stocks lost BILLIONs of market cap in just a short timeframe.
For me, this stock is something i would not touch. MYX:SERBADK
SerbadiK proceeded to :
a) Sue KPMG for the negligence of flagging auditing issues to SC
b) Change new chairman, elected a few new independent Directors
c) A few of the existing independent Directors resigned due to the disagreement to the Board's direction to sue KPMG
d) Elected the same defense lawyer for our ex-PM. Heavy gun to the rescue.
From what i read, this company is famous for write issues and private placements something i don't really like due to my unpleasant encounter with one laggard stock.
This laggard stock at one point hit RM500 Million in market cap, at that time making a hot spotlight, but soon faded out of oblivion.
One of their favorite corporate actions is doing MULTIPLE RELATED THIRD PARTY transactions (RPT) with one of their major unlisted shareholders . The shareholders always seems to be unloading their own property & land (of course at certain premium) to the listed entity which i deemed to be no so profitable.
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
SERBADK possible bearish triangle Updated. 30 May 21SERBA DINAMIK... Fundamental- Maybe Only The directors could read "everything" about the accounts balance sheet.. Traders can ONLY read through charts..
Serbadk Major Support & Resistance ChartPersonally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks.
1. Draw Support & Resistance
2. Identify the stages (Accumulation, Advancing, Distribution, Declining)
3. Entry Triggers
4. Stop Loss
5. Exits
I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices!
SERBADK relationship with Oil is very complicated To avoid get burnt outsider better stay away from the "triangle relationship"
HOW LONG WILL SERBA DIVE?WENT DOWN BELOW STRONGEST SUPPORT 1.685.
AS ALWAYS, THIS STOCK ALREADY PENETRATED 3 SUPPORT LINES. NOW MYBE GOING TO 1.620.
LETS MONITOR, WILL IT REBOUND AT 1.620.
THIS STOCK IS TOO HEAVY AND DIFFICULT TO GO UP, OWNER KEEP ON SELLING MILLION OF SHARES WHEN PRICE GO UP.
SERBADK - Monitor and Collect at Lower
1. Monitoring for entry around 1.400
2. Hold for mid-long term is recommended
SERBA DINAMIK SERBADK 26/6
EP: 1.60
R1: 1.90 (RRR 1.3)
R2: 2.15
R3: 2.5
S1: 1.44
S2: 1.02
PE: 10.5
ROE: 18.6
MCAP: 5.4b
YoY & QoQ looks great!
Stoch RSI oversold
