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Ares gloves is different. Covid will end and vaccine come out confirm drop the sales. YTLp is more on future perspectives, and good QR to support the trend. Healthy retracement is normal for uptrend stock.
YTL power is overvalued at above 3.80-3.85… even its profitability is quite strong but what fundamental support for the counter to go up more than 300% -330% in 5-6 months ? Even research houses just simply follow the trend to give higher TP in past 3-4 weeks…
in stock market... all fundamental is just to bluff(bullshit) the small retailer,(small fishes)...all controlled by syndicates and big fund(big shark)..
In the long run , fundamentals win . But the trick part is how Long is long run - 5 weeks or 5 months or 5 years , holding 600,000 shares of YTL power , every 0.01 drops means 6K loss , 50 cents drop from last Thursday till today … 300K previous profit just disappears within 3 days … I succumb to the market force and also cleared all today ..
Every time too volatile then many retail investors will lose money .. fundamental analysis don’t suit ppl playing short term n mostly having goreng attitude…
