I saw live today at 2.50pm sizeable block taken up at 0.315 thinking is coming but it is not.

Iris forum very lively but price performance is very sluggish.

Tussle of 2 or more sharks! Waiting for time bomb.

But today Ancomlb is charging ahead!

@damansaraeagle yes. It is classic cup and handle spotted by someone so it should be bullish. Just add up two top price on the cup there is exit point in the range of 0.63 to 0.66 based on the cup and handle analysis.

Classic cup and handle pattern formed, hope continues bullish.

If close 0.315 consider bullish candle.

Double bottom will lead to stronger up swing.

Before Palace announce fixed the meeting date. Final clearance. By then no chance to sell.

Same pattern like previous week Tue. Tomorrow may reach 0.32 on 1st 2 trading hours. Be smart trader.

Sekali confirm Agong meeting DSAI another surge pass 0.20!

The fact is current government is fragile either new government is form or dissolved parliament. High risk now.

0.18-0.20 must observe 1 week only buy to play safe otherwise let go.

Yesterday small shark already make their profit by upload to market in early trade. Will consider buy some between 0.18 - 0.20 and keep in the fridge.

Once the supporter just announced they come out from PN then Muhyiddin has to resign.

Based on chart strong support may occurred at 0.20 and stay means double support and the up swing will be a strong one. Will consider collect some at 0.20 to average down.

Uncertainty prevail. Be cautious. Current PN is extremely fragile. Only one vote different what you will do if u are the Monarchy Head if someone present u with formidable majority? That’s why NIIS soon to announce from early of the year til now still just unable to announce. Making a decision is key success factor now and move on. If you able to buy low and sell high is good but how if you buy low and never up?

Run first collect at 0.18

Is the clear indication. Gone. Afternoon session another round may hit 0.25 easily.

Going to dive below 0.30!

Come to think about it. Current government is very weak (Only one vote different) thinking whether NIIS still on or it already change to something else! I start to doubt.

Best day to cut lost was yesterday before 11am but all this now is history.

Today trade all seen pure retailer just pray that price can still hold above RM0.31 and will reconsider if sharp dive close to RM0.20.

Today closing not Good although support may (S2) still at 0.30. 23rd AGM days just pray directors can address sensitive questions from reporters smartly otherwise difficult to sustain with current trend.

Technical rebound no goreng for today.

Prefer single stake as this NIIS is national interest and dealing with security. Myeg more to common services provider and their service to pay traffic summons already disable only can view and check. This tell you something. While IRIS has proprietary right to their product and services and world wide recognition.

The small sharks cannot take on further loads so have to push up and throw to retailers. They are looking at 1 cent or 2 cent coffee money only.

Small sharks exchange ticket left to right and right to left pocket hoping big sharks but big sharks already went to deep sea sleeping

Extract from mindabursa above update dated 17/9/20:-

“The government is to announce the winner of NIISS project anytime soon. This ‘soon’ has been in the news since early of this year. The winner could be IRIS or a Consortium led by MyEG.”.

Look at the key word however IF announce tomorrow means good news for all of us here.

Tomorrow shall break below 0.30 and trigger panic selling and gap down 0.20. This is how down trend stock move.

IRIS has been down trend for one month just hope it don’t collapse below 0.31 as S2 from last week Rakuten analysts unless spike up this noon.

This mindbursa quoted “Recent bearish at Glove counters dragged down the Bursa affecting many including IRIS”. But glove counters already uptrend for last 4 days! How it affected IRIS!

https://www.thestar.com.my/business/business-news/2020/09/15/microsoft-discontinues-prestariang-systems-as-channel-partner

I guess is not big sellers. Small sharks switching from left pocket to right pocket at the same times when you look at the trading pattern.

By the way already one month down trend. Next either gap down or recover.

Like a war game going on.

https://www.theedgemarkets.com/article/iris-corp-among-most-active-morning-trade

8/9 heavy traded but never go up.
10/9 heavy dumping.
11/9 push up abit stay there to dump again.

Really can’t read the next swing!

Puzzle why there is Regulation query here? Not genuine! No wonder share doesn’t move up!

We never know maybe is just swapping from right pocket to left pocket!

If you are the boss, think about below statement extracted from the above article:-

“...HeiTech Padu was the developer of the incumbent Malaysian Immigration System (myIMMS), which was first used by the government in 1993 and which the NIIS will replace”.

Agreed timeline to award is near but I reckon the pressure also increase thus the yesterday announcement.

Who doesn’t want to secure the NIIS?

Congratulations to those not selling today. These few days sizable units at least 5million units buy at one go at many occasions. Tomorrow is your day.

Further It give hope to NIIS.

Is OK you may buy myeg 1.44 sell 1.50 x 2 rounds make 8% as pocket money. Here IRIS forum no pain no gain or got pain no gain. Once PN loose control or Sabah state election PH win more will also caused the government to be change unless dissolved parliament. So the award must be fast before Sabah election. Otherwise it may have game changer and may game over for IRIS.

Follow the trend buy 1.44 sell 1.50 go 2 rounds make 8% good enough lo.

It is tough decision NIIS contract value RM1.2bil let say if opt out PRESBHD nid to compensate RM732mil. it will give RM1.38 windfall per share for PRESBHD shareholders.

If opt in PRESBHD net 1.2bil and if opt out cost about 2bil.

Very bad result as not only loss but revenue also shrinking 3 folds from previous Q1.

Certainly suspend then announce but not sure the news is fake or faded! Anyway keep figures cross and hope the best.

August 20 one more day left no anticipated news ppls gave out. MOF busy on direct nego topic may affect the sentiment

Lucky day 2 times trade in morning section both make quick gain. Will not reenter until clear signs.

These 3 days how many units has been steadily absorbed? Waiting to breakout!

Just noticed this company net profit almost unseen for last 2 years.

Assuming 30% market free float units. There are 898 millions units up for grab so give some times for tight range trading before a clear sign emerge given the fact chart wise still consider steady uptrend.

Today last 30 minutes relaxing trading doesn’t means for let go. It is nothing.

This counter the moment you feel like give out that’s the time opposite will happen.

Yeah Iris has been paying consistent dividend prior 2014 after they lost Mykad business by then.

Way back 2013 if you all still remembered the Newco take over Mykad business their share appreciate 1,000% in a matter of less than 1.5 months. Remembered!

If after (Only IF) Iris given a chance for NIIS. Next thing think about possibility of Mykad return. By then certainly add value n the uproar of share price to unchart territory.

The puzzle shall clear soon. The Edge is reputable one. Just wait for share suspension or announcement