WIDAD - Will the history repeat itself

5 mag 2020

Sharing about the very basic of technical analysis.

This is about the 3 Premises of Technical Analysis Approach:

• MARKET ACTION DISCOUNT EVERYTHING: Price action should reflect shifts in supply and demand. If demand exceeds supply, prices should rise. If supply exceeds demand, prices should fall. This action is the basis of all economic and fundamental forecasting.
  
• PRICES MOVE IN TRENDS: 3 ways, uptrend, downtrend or sideway. Either way you will find it forming a price trend. It will.
  
• HISTORY REPEATS ITSELF: Much of the body of technical analysis and the study of market action has to do with the study of human psychology. Chart patterns, for example, which have been identified and categorized over the past one hundred years, reflect certain pictures that appear on price charts. These pictures reveal the bullish or bearish psychology of the market. Since these patterns have worked well in the past, it is assumed that they will continue to work well in the future.
  

In my opinion, this is the very fundamental which will helps you to further be well prepared for trading. Trust me, it works and it helps you in term of managing the emotion while trading.

Let's look at WIDAD.

Fundamentally:
- Market Cap: 945mil
- Last traded price: 0.385
- PE Ratio: 78.57 (OK)
- EPS: 0.49cent (OK)
- EPS * 8.1: 3.96 cent
- NTA: RM0.07
- Financially it has been in positive profit since 2015.

Well, to be honest, there is no news that I heard since the rumor of taking over PLUS. However...

When you look at the current price trend, notice that they are again, forming the same trending pattern as it did last year September rally. Slow and steady. The chart in September 2019 looks too good to be true until it broke the trendline during January 2020.

Starting April, it starts again uptrend slow and steady... It makes me wonder.. will the history repeat itself?

12 mag 2020

Trade attivo

Still uptrend. Just hold it until it bend

14 mag 2020

Nota

klsescreener.com/v2/news/view/676447

KUALA LUMPUR (May 13): Widad Group Bhd has inked an agreement to enter the building disinfectant business under its facilities management segment.

In a bourse filing, the group said it signed the collaboration agreement with Stoika Sdn Bhd (SSB) — which is involved in the distribution of disinfectants, anti-microbial and environmental products. SSB is the exclusive distributor of the SDPRO and SDST products in Malaysia.

SDPRO is an antimicrobial solution that controls viruses, bacteria, fungi and mould. The solution creates a durable coating on a particular surface for extended periods of time and ensures long-lasting efficacy.

SDST is an antimicrobial coating that physically controls and ruptures the target organism’s cell membrane on contact and bonds semi permanently, remaining effective for 90 days after application.

As such, Widad will collaborate with SSB when it comes to the distribution, marketing and selling of SDPRO and SDST products domestically. The collaboration agreement is valid for one year and can be extended on the mutual agreement of both parties.

“This collaboration is expected to enhance Widad’s integrated facilities management service offerings and potentially expand Widad’s revenue and customer base,” Widad said.

Widad shares finished 1.19% or half a sen higher at 42.5 sen today, giving it a market capitalisation of RM1.04 billion. It saw 8.94 million shares traded.