Stock Watch : PetronM and HengYuan

 5.45 am : morning ... congrats to ManCity. The team of the year. 

PetronM : breakout ... buy breakout of RM5. cutloss below RM4.80 and ride it up. Good trade set-up. Read the news as I do not ... dont know why huge volumes buying in, spike here. 

PetronM : PE 4.44 and om cash positions ... at a glance, looks good. 

Well ... let me check HengYuan (ex-Shell).

HengYuan : At low level ... downtrending, drifting lower ... hmm

So, it is not in line ... for both. If u r buying for trading, choose PetronM , the breakout rather than trying to buy HengYuan and HOPE for it to rebound (can also but put the cutloss a  must as it could continue to drifting lower ... and stuck in)

HengYuan : losing money for three quarters. debt to cash : 3.5 level ... that is HIGH. DO AVOID. 

So, if we are to choose PetronM vs HengYuan ... it would be PETRONM , fundamentally and technically.

For those stuck inside HengYuan up there (during the hype ...promoted by forums ...RM20?), it would taking looooong time to be back to that level, even to go to recent peak level of RM7. 

Never get stuck after chasing up the hype ... that remind me of A.I hype playing now ...that would be for next post.

Have a nice Sunday.

TEH