I predict Geshen is going to form a Symmetrical Triangle and will breakout anytime soon and going higher. PE wise is still not expensive. 

 Recently when i chat with friends, most of them would have said, Krono is good , with Quantum Storage China, krono future is bright, some of my friend put half of their wealth into Krono. When i advised them to be cautious, they don't like me.

 Here are some of the facts that i found and advised my friend Krono price may not sustainable. Short term goreng-goreng is more suitable.

The fact is , it is not new in Krono to propose Private Placement and then to acquire Quantum Storage. 

let's not dive into fundamental analysis , just simple historical data and see the characteristic of Krono.

In 2017 Krono acquired Quantum Storage HK which stir investors and traders' interest. It appeared on The Edge and everyone goreng it and invested in it thinking to hold long due to the super good bright future. That time when the news appeared on The Edge , it was around 0.960. However, the music stopped when the price shot to 1.2 and it keeps dropping for few months before it stabilized at price 50 cents to 60 cents. Many so called long term investors with strong faith in Krono has been losing money. 

The same story repeat now. i am not sure if the history will repeat. but i personally dislike a company to always do private placement and acquire companies that the directors has relationship with it. If the company is solid, they should acquire other company with own cash.

Serbak is one good example with many private placement. 

  

Today there is a news on Krono acquires remaining stake in Quantum China, with headline saying Krono is stepping footprint into China Market. A lot of traders quickly bought into krono thinking Krono will grow tremendously due to this news. in fact, this is only partially true. WHY ? 

because this news is old news. the same news headline was reported back in 2018 which managed to stir traders interest and made the price shoot up. That time Krono acquired 16.67% which already made krono stepping the footprint to china market since 2018. 

But, today, the headline again make it big big stepping into CHINA market so that it will catch traders eye. 

and, from past historical event, Krono price is always disappointing comparing to other tech/semicon stocks due to many rounds of Private Placement  were done which diluted the existing shareholders shares which i guess, was the reason that our profound Malaysian Investor , coldeye, sold his stake.

  

Support line 0.670 is broken. Krono is expected to be touching 0.490 - 0.500 level in less than a month. 

    

 Greatec form a double Top pattern which is a bearish sign. Traders need to be extra cautious as this chart pattern indicate the price will going south.

 Carlsberg just reported a profit of 21.73 cents per share for Q12021. which is lower than Q12020 due to covid19 pandemic. Q1 is the strongest quarter due to CNY sale. As a result, the rest of the year will be lower in revenue and profit. thus, with current price of RM21.xx , i believe it will going south for the next 6 months. Coupled with increased covid19 cases in Malaysia and Singapore. Q22021 will be very bad. 

Based on the chart, the generic price for carlsberg is RM24+- . Forget about the spike to RM31 as it was just pump and dump in a very short period.

Thus, the upside potential is limited even after the pandemic is over, but the downside risk is higher. 

 Unisem has broken the strong support line today. For short to mid term traders, better sell first as technically show there will be further downside.

 For long term investor. watch out the coming quarter if the earning can recover. The current quarter does not earn a decent profit to sustain the share price.