Bursa Malaysia Stock Watch
CIMB Sale Call For TopGlov - Try To Cause Panic Selling
kltrader
Publish date: Thu, 22 Jul 2010, 12:09 PM
kltrader
0 20,414
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This from the edge daily:-
?We do not expect the bulls to be able to keep prices up for much longer following the trend line breakdown. Technical landscape looks fragile with RSI now below its support trend line and MACD about to confirm its dead crossover. There are also bearish divergences seen on both its MACD and RSI, which makes the stock a SELL,? it said.
TopGlov just issue bonus share 1:1 so in the market vol of the share will be double, CIMB try to manipulate the weak share holder to sale they share and try to cause panic selling. Price will be mark down few days and will be bottom when the vol is low. During the mark down, big money will buy the share till most of the free flow share in the market sold off.
TopGlov share sure will bounds back higher after the mark down selling.
?We do not expect the bulls to be able to keep prices up for much longer following the trend line breakdown. Technical landscape looks fragile with RSI now below its support trend line and MACD about to confirm its dead crossover. There are also bearish divergences seen on both its MACD and RSI, which makes the stock a SELL,? it said.
TopGlov just issue bonus share 1:1 so in the market vol of the share will be double, CIMB try to manipulate the weak share holder to sale they share and try to cause panic selling. Price will be mark down few days and will be bottom when the vol is low. During the mark down, big money will buy the share till most of the free flow share in the market sold off.
TopGlov share sure will bounds back higher after the mark down selling.
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