Tuesday, May 20, 2014

MAS airline going Bankrupt?

Malaysian Airline System Bhd (MAS) last week reported its worst quarterly loss in over two years. Investors were also spooked after the Wall Street Journal on Friday quoted Prime Minister Najib Razak as saying the government could not rule out bankruptcy for the airline.

Quoted from Reuters, read full article

Since MH370 incident, many investor thought that MAS airline is "Cheap" at 30 cents Ringgit, and many dont mind to buy an Airline company at 30cents. What we see in our chart is the Bankers has already left this stock with their money long ago, with not Banker's money, the stocks will not have strength to move higher. We also see alot of Green bars in our smart money index, this show that the retail's money (Small investor") is stuck.

If you are following our system, you will not buy into this stock
1)Supertrend System already show Orange candle - means downtrending
2) No blue bars on Smart money index - dont have banker in the stock