Ye, lock profit first.
In KLSE, price up due to rumous, price down due to news. Gain profit first.

if you still not make payment and got profit, just sell. Market still not stable.

Just broke Resistance 5.13, next resistance in 5.32. Immediate support now in 5.00, next support 4.32.
As I said earlier, for mid-long term investor, current price is very attractive.

Since yesterday, try to build support at 5.00.

Support 5.32 and 5.10 broke today, next support will be 4.31, 3.78.
For mid long term investor, current price is very attractive. For contra player, better don't touch any counter for this week. Let price stable first.

Good on behalf for those still keeping stock.

Good, close at 5.85 today.

Split is good. Share price become 50% of the original price. i.e. RM6.00, after split RM3.00. More people can participate into this counter. Not like current, only those got big fund can buy this counter.

I think their management also proposing to split their share 1 to 1, may be end of this year.

sure panic lah,drop more than 20% of their purchasing price.

PMetal I start go in since 3.80, out from market 6.34. After it went up to 7.xx, I just watch, yesterday go in on 6.36, luckily this morning average down and buy again in 5.42. SOLD all at 5.90 just now. Will go in again if price below 5.75 (depends on the momentum, if selling pressure high, will wait till below 5.35)

currently try to build support in 5.90. If can closed at or above 5.90 by today, monday will try to break another resistance at 6.02, follow by 6.30.

Monday will be T+3 for those buy on Wed, average price 6.67-7.05 (1.135M), T+4/buy on Tuesday 6.98-7.13 (0.813M),hoping they already sold out just now, if not, monday morning will drop somemore. Based on today transaction nearly 9M, I think most of them already cut loss just now.

today break support 6.00 and 5.75 down to 5.32, than rebound above 5.75, Strong Support now in 5.75. Current resistance in 5.90.

Technical update on Press Metal.

Stock is under heavy selling pressure after breaching the MYR7.00 level. Next support is at MYR6.00 followed by minor one at MYR5.75, and MYR5.20.
One way to look at this is that the correction is potentially healthy, given how much the stock has ran up and it’s still above the 50-day MAV line. Just the speed of selling is a bit worrisome. If the stock can hold and stabalise above MYR6.00 support for a while, would be a good thing. Conservative investors may wish to see that happening before making an entry.

Note that aluminium prices has been correcting the past month, but it has always been volatile. The general trend this year is still upward.