Support has been broken. RSI is very low.

Nearly oversold.

YBS has touched support at 0.455.

omega: no problem. I'm a newbie in TA. Only two months. The remainding 8 years have been full of exclusive FA and the occassional FOMO LOL!

We can't control any external factor however there are two things we can control: our entry price and our exit price(TP or CL). So be in control of these two.

The hourly, 4-hourly and daily chart show YBS is still uptrending.

Daily chart(so far) - distribution phase.

Hourly and 4-hourly - active accumulation and distribution.

Interestingly, smart money is the majority in YBS so far today.

I'm still not sure where I'm going with all this information but I'll still hold my shares as my cost is 0.355.

There's something interesting with the warrant's 4 hourly chart.

EMA20 has finally crossed over EMA50, forming a golden cross on its 4 hourly chart, which suggests a short term uptrend may occur in the nearest future.

I won't participate though because I got burned badly in Kanger last year. I will only monitor its movement to test my indicator.

The halftrend indicator shows that YBS is still in the buying zone eventhough the RSI nearly went down to 10(very low) on Monday.

This suggests that traders may accumulate more shares in the coming days.

Although I've been an investor since 2012 but this is my second month focusing more on TA, so errors here and there are due from me.

Ema50 just formed a death cross with ema200.

Ema200>ema50>ema20. There's no clearer indication of a major downtrend than that.

Its uptrend effectively ended back in June. There's no denying you can make money from the short term rebound but I'm not good at that so I'll leave this to those with quick eyes and quick fingers only. I'm too old for this LOL!

Poa Mei Ling disposed 200,000 shares at 0.50 on 16 July.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3176482

But the overall pattern still suggests YBS is still uptrending. A new HL was plotted yet again today and this has been going on since 12 July.

Current price>EMA20>EMA50>EMA200. Smart money still dominates over retailers.

Confirmation will be shown on Wednesday.

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bojed Should've closed at least at 0.49 to suggest an uptrend will resume this week.

TAYOR.
19/07/2021 5:19 PM

Should've closed at least at 0.49 to suggest an uptrend will resume this week.

TAYOR.

Support has been tested for more than 7 times today.

YBS opened at 0.305 on 1 July 2021 and closed at 0.33.

+17sen so far to date this month. Nothing wrong with the occassional stalled prices here and there.

This is a good lesson for those guys who came here last week to make quick money but didn't have the slightest clue on what KAB is all about LOL!

Now we know that the real sifu is not rr88.

I will buy 30,000 units of whatever price it opens at tomorrow but capped at 0.50.

The last two weeks were brutal and I totally forgot I own 100,000 warrants bought at 0.285 because I bought them using my second CDS account.

It's okay. I can wait.

I'm still holding my 300,000 warrants bought at 0.22 despite the turbulence.

With or without Dato' Karim, this counter has a high chance to go up despite whatever SD's IR outcome will be.

This counter is filled to the brim with sharks. You can see it from MACDX. Maybe they're fighting with each other at the moment like they did in TG last year. Just monitor the volume and price fluctuations.

Bought 400 lots at 0.355.

This might blow up in 2-3 weeks time :)

Yeah, some "real sifu" we have here, no?

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rr88 24aug2020 peak 0.88
Sep - dec 2020 low 0.50
06 jul 2021 breakout above 0.88
07 - 08 jul 2021 return to test the breakout point - success
09 jul 2021 strong upward bullish move following breakout n support retest
12 - 13 jul 2021 consolidating before moving higher to tp.

Tp = 0.88 + (0.88 - 0.50) = 1.26

15 jul 2021 1.26 tp achieved

Verdict: Sell & stay out. It will swing over time (weeks) to return to 0.88.

15/07/2021 10:15 AM

A BO is pending.

Maybe two weeks from now, give or take.

I mean ATH closing price. Sorry.

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bojed 50 sen. ATH.
16/07/2021 4:59 PM

50 sen. ATH.

Looks quite unlikely to close at 0.51.

All I can say is, maybe it's time to brace for impact next week. I can still hold because I bought at 0.355.

Do your own study and commit to your plan. All the best.

It won't be long before this shoots up I think. Maybe one week from now.

Do your own study as I can still be wrong and I've been for wrong many times before.

0.49.

To be honest, this is a bit underwhelming, regardless the fact that today is Friday and Raya Haji will be on next Tuesday.

YBS needs to close at least at 0.51 today to suggest a strong momentum upward so I hope it will.

0.52 :)

I want to stay away from my screen right now and hopefully YBS will give me a pleasant surprise before lunch LOL!

Today's mission is to close above 0.485.

Only 1 sen more than yesterday, but considering today is Friday and next Tuesday will be Hari Raya Haji, even +0.005 sen would be a 60⁰ uphill task for a penny counter.

9:05 - 0.47 (-0.005)
9:10 - 0.48 (+0.005)

Signs of change of trend has appeared.

Hopefully this can be sustained until the closing session.

Active selling at the moment.

Good morning all.

Today is T4 for YBS. I can't deny, I'm quite excited to see how it will perform today, as T4 and T5 will usually give us a clearer indication of a certain counter's direction after a BO.

While we do hope for the best, sometimes things don't go as planned. So it's better to have a trading plan and commit to it, be it TP, SL or CL. Remember, a 1 sen profit is always better than a 10 sen loss.

Green marubozu.

Selamat hari raya in advance LOL!

LOL!

Let those who have profited from today's price increment celebrate and be happy. We don't have to rain on their parade. It must be nerve-wrecking for some of them this past few weeks so just leave them be.

As a side of caution, T4 and T5 after a price increment will almost always show the true direction of a counter but until then, enjoy your hard-earned profits.

I still maintain that I have zero SD shares until they have sorted out their audit issues.

smyang: 4.5 sen profit is a better idea than half a sen loss.

And if you notice, YBS has been making new HL everyday since last Friday :)

See you tomorrow, God-willing.

YBS's price spiked with big volume on Monday. Today is T3. T4 and T5 will give us clearer view of a certain counter's direction after a sudden huge price increase/BO. If you didn't enter before BO/price hike, wait for at least T4 before deciding whether you should buy the counter or not. It's better to miss a limit up than be a part of losses.

You can apply this to any counter as well, even the purely goreng ones.

I don't know whether it will go up or will it go down tomorrow, but I believe tomorrow will be the best indication of its direction, at least for the short term.

Tomorrow.

Relax :)

13,000 new daily cases.

Healthcare will most probably be the next trend next week and YBS will be out of radar for some time. It's okay, I can wait.

Congratulations to those who have earned from Serba, be it either it adds more to your wealth or it cushions your losses.

I still haven't bought any and I won't unless every issue has been resolved. All the best.

The target for today should not be LU but to be able to close at least at 0.455.

If you study its historical chart, you'll understand why.

If it manages to close at least at 0.455 today, then we'll probably see better movements in the coming days.

Calm down guys.

We will probably see its direction tomorrow.

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bojed From the looks of it, selling pressure has been absorbed pretty well by the buyers. We still have one more today left tomorrow.

All the best.
14/07/2021 3:15 PM

omega: I didin't know they're both the same person. I now have more confidence in this counter than before LOL!

Maybe or maybe not. I don't know what his intention was when he bought back those 10m shares from the open market. All I know is that Serba closed lower than Dato' Karim's average cost and I can sleep comfortably every night because I own zero SD shares LOL!

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alenac Chef Karim has bought back a little bit to inspire confidence with those who got caught big time in this and other forum. Let us see whether got continuous buy tomorrow and day after? At 46.88sen, now further losses for Chef.

Posted by bojed > Jul 14, 2021 6:08 PM | Report Abuse

Dato' Abdul Karim acquired 10 million shares from the open market on 12 July 2021 at an average cost of 0.4688.

https://www.bursamalaysia.com/market_information/announcements/company...
14/07/2021 6:14 PM