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Agreed with Harry. In fact the CFO yesterday said it's a good chance to show investors that PTRANS can generate profit even without PFF. This is through tenants' rental which offers a more sustainable and recurring source of income.
Today and the coming days, we are hoping for a smaller volume because it may indicate that yesterday's buyers are not selling this stock. Or we also want to see high volume with increase in price. This shows that buying momentum is continuing.
Yesterday was a good day as it closed higher with above average volume. We hope that yesterday's buyers will keep this stock and not sell. Any idea who bought it yesterday?
Ptrans is a good fundamental stock with great margins. Definitely good for long term investors. Similar to all other stocks, it is subjected to fluctuations. However, do not be worried and trust it the fundamentals.
Technical indicators show bearish signals all over. MACD line crossed below zero line, the gap is widening, and are approaching below the zero line. Recent death cross between 9 day MA and 20 day MA. RSI has dropped below 50 and indicates weak market strength. RSI may mirror movement from 3 Nov 2021 to 10 Dec 2021. Not the right time to buy as technicals are bearish for this counter.