Practice Makes Perfect

SapuraCrest - No Solid Support, No Buyers!

Chin Kok Tan
Publish date: Sat, 10 Sep 2011, 10:56 AM
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CK>> SapuraCrest's share price was closed at RM4.19 today, a strong rebound from last week 3.89 level. But I noticed that it was pushed up by traders for no reason especially when you saw there was a huge gap in buyer's queue prices. It can be easily pressed down to RM4 level or even lower by trader if they wish to do so because the buying volume is simply too low, and with big gap in buy prices.
















CK>> What SapuraCrest needs right now is a continuous supports from buyers especially in closer buying price compared to current share price. It needs a strong support to underpin its share price to maintain it at RM 4.15-4.20 or higher level.

Due to poor and on-going terrible drop in DOW market right now, I expect SapuraCrest's share price will tumble too in next Monday during 9am open, with a huge gap down I think. Perhaps it will back to RM4 or even lower level. Time to accumulate again~ Hohoho...
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