MSM IPO price RM4.60 sometime in 2011 and went up to RM6+. After 8yrs the price down to RM0.965, just about 20% of the IPO price. The 30 largest share holders hold's 98.38% , remaining 1.61% free float in the market, about 11,388,276 shares.Assuming that 30 largest share holder still holding their shares, which highly probable because their purchased price was high.

If one try to sum up the volume of share traded in the market from 3/9/19 to 3/10/19, it was 27,414,300 shares which means to say within this period the market is traded 2.4 times multiple. If the company is really that bad in term of it financial standing and everybody wants to sell theirs shares then all would have been sold and no one would be interested to push the price lower and lower.

I believe Operator is behind the scene manipulating the price to lure retail investors to give up their shares. Let's wait N see, perhaps good news is not too far away. Good Luck!

UMWOG probably will touch 0.38 which is just above the previous tested high before rebounding again.

Watch UMWOG & ARMADA, they look like breakout. The price is more than 1ATR above the previous high.

Who can help in TA interpretation? Is it a minor spring? I saw twice the price falls below .70 and bounce back quickly.

Subsequently the price movement within a small range with big volume 100m+ share traded. I think selling pressure is subsided? accumulation phase just begin taking place.

Yes, I agreed with Bros hng33 all the bad news aldy factored in. The traders know every things in the company otherwise they dare not to play big!

If u look at the chart, the price movement from 1.6 to 1.40 range the trader make it look like accumulation in fact distributing before they dump.

Now, the price is moving in a very tight range making look like accumulation and they may dump one move time sometime near the 4Qrt report announcement.

This a big operator. Lets wait n see.. how they play this counter..

No hope for this counter, big volume churning for last 3 week and price bit by bit sliding down. There is no reason for trader to press the price so low, if there want to make money just pressed down 20-30 cent already can make a lot of money.Why need to make others scare and run away from this counter? Sense somethings are very bad, going forward this counter may just worth 20 sen a share. Watch out for more bad new ahead.

jurong aldy has enough share to break 0.70 and the support is no longer forecoming...

Lets see the closing....

this counter looks like UMWOG.. want it to fall until 0.20+ then ask for right issue before too late then compnay goes bust...

CEO keeps quite... something foreseeble bad a head, be alert...

i think trader has no share to dump, need to trade up a few bars before dump again if the price is going to come down.

abcd, what you said makes sense, the dark mole are in the play.

The price drop to such an extent is next to impossible,let say even they lost money in Q4.

They want to pressed the price down, bought up 2 bars and dump. Just wait and see what the dark mole try to achieve his objective.

SAPNRG|How low can it be?

Hi there,
Is there anyboby has an expertised in PnF Chart counting? for comparing notes.

My estimate the price drop should stop around 0.72+- and if it fails at this price next probable target 0.20+-