Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Friday, February 26, 2010

FABER GROUP BERHAD Quarterly results

Quarterly profit has more than doubled, but year to year the profit is half of 2008... alamak.

Fair value has been raised to RM2.94 (from RM2.69previously). Yesterday Faber closed at RM1.66 and the chart is uptrend all the way but too gradual (slow)!

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