EFFECTS OF THE PROPOSED OPTION
5.1 Share capital and substantial shareholders’ shareholdings
The Proposed Option is NOT expected to have any effect on the share capital and substantial shareholders’ shareholding of Perisai.

5.2 NA per share and gearing
The Proposed Option is NOT expected to have any effect on the NA per share and gearing of Perisai based on its audited consolidated financial statements for the financial year ended 31 December 2011

Any "airlines" traders btw?

hold for now.

Volume moving consistently with trend with accumulation target at 0.28B. RSI resting above 0.7. Bollinger shows that outbreak position in place on bull line shows that TP will break 0.29 resistance.

Thanks Wong. Yesterday I analyse about ASUPREM in which I expected good stew brewing. This is one of the good penny stocks in which I like. Today's up btw...

Away from my chart now. I assume 1.07 support is holding on well...

RSI playing field at 70 percent. Candle shows that a lift is coming....time to buy more shares...momentum percentage is healthy.

Generally from the discussion, trend are not studied merely the assumption of share trend movement but also management style. Perisai has been consistent in that grounds. Cut off gritty details, when a company are in verge of acquiring another company often means that there is a potential business dealings already in place. Thats how a fundamentally sound company will do it. Calculated risk i might say.

Minitrader: on contrary sideways trading is quite possile. Long term trading has become a clique that super wealthy will play. My scope is to short to med range. It has become my strategy movement over years.

Those who were playing support at 1.12-1.10 level field are selling their shares now.

As for the share counter ASUPREM, support is unwavering at 70% margin. Such support could mean 2 things. Something big is in the cooking pot. Anyway, I came across many penny stocks and this is ones of the good ones I like.

pleasure all mine ongtkong. Glad to help.

At a glance, perisai is moving sideways. Momentum is south bound but nothing alarming as RSI activity is healthy. In my last review, support gathers stronghold at 1.07. At 1.09 still a good buy as I saw good support in this region.

G'day alll...how has Perisai been? Good to be back...

Thanks all, share price anomaly resulted a closing +2. Have time weekend will study chart.

Yesterday's comment:
"At a glance, trading volume past 2 days versus today indicates people are holding on to what believe could be of higher value. Though RSI has fallen below 70%, shares often falls until the next temporarily support at 1.10 -1.11 which might incur small spike before it trends further downwards."

Today's scenario:
As expected, shares fell until 1.10-1.11 where temporarily support which uphold shares upwards. Current movement hovers at 1.12 with possibility of price trends further downwards.

The SLS AMG looks kinda cool, right? :)

KC Loh, yup MM2H is a good programme. I am looking into this now.

http://www.mercedes-benz.com.my/content/malaysia/mpc/mpc_malaysia_website/myng/home_mpc/passengercars/home/new_cars/Malaysia_My_Second_Home.html?csref=MB-MY-PC-2011_sem_google_Events-Initiatives_MYSecondHome_1x1

At a glance, trading volume past 2 days versus today indicates people are holding on to what believe could be of higher value. Though RSI has fallen below 70%, shares often falls until the next temporarily support at 1.10 -1.11 which might incur small spike before it trends further downwards. Purchasing shares at 1.16 to 1.18 might get stuck unless next temporarily (which I like to call it "ghost traders") raises it up.

Yesterday, I sense that RSI was dancing “gimme gimme” by ABBA on thin ice. Indeed it did. (But I really do hope it didn’t so I took down my post) I saw the chart saw today selling versus yesterday selling indicates that some speculators got burned today by cutting losses. Have these people sold all shares at one go? Probably not. Most often, speculators like to throw a portion and holds on the rest to further gauge next trading day.

Candlestick shows no piercing support as for now and that usually indicates price might continue to go down further. MACD patterns tell the same news. As for me, I will go on looking for “Doji Stars” :)

Please ignore my earlier comments btw...deleted it already...

kicking back, enjoying d show :)

Oops, did I spill a hint?

Right now, I am "deciphering" NICORP shares.. ^_^

hi twobits, i use more than 6 indicators to read my data btw. I recalled going to class and my "obiwan" taught us that while an apprentice starts with 4 indicators, Jedi Master must decipher more than 6 types of indicators. Few of my favs is RSI, Bolliger, Parabolic, ichimoku, ATR, and candlesticks.

isupertrader is just a malaysian "gwailo" citizen who resided here more than 11 years now under second home program. Also, a small time investor and yes, maybe old enough to your uncle.

Wong yi shen, i like your "lucky" cat. All traders should have a giant cat waving at their living room.

Bursabulltrader, 1.12 is a good sell and i assume u purchased it at last week pricing. Dont make haste move to buy simply because anyone is doing it. Stay calm and continue to focus not only market movement but pay specially close attention to perisai movement behavior as each industry has their own dance style.

"Be fearful when others are greedy...but be greedy when others are fearful" - WB

Hi sheila2, good point. Yes, if RSI continues to trend upwards.. Price will fluctuates up from 1.10 to 1.13. Speculators last week are holding on to their shares hoping for this upward fluctuation but if movement continues to slows down can result heavy selling between 1.10 to 1.12. Unless a spike occur, i sense anyone bought at 1.10 or 1.11 might be stuck to "hold" situation until next rally.

RSI indicated overbought. Potential earnings not equal to actual earnings. Volume trending shows a sudden spike often in favor of "news" rather than actual representative. Speculators buying shares today are playing on the "lining of fire" here. Support level still holds at 1.07 with resistance at 1.13.

bursabulltrader, double top and gap up yes, but nevertheless I would stay observant on price movement. Test support levels on my end is 1.07 btw.

excelyou, agreed with you. I advise stock up between 1.03 - 1.04, so now is the time to sell. To add further, Next support level holds at 1.07 so those miss the boat can still wait for the next one! Observed dynamic movement.

Ongtkong, I believe strong support level has increased to RM1.07. Target on resistant at 1.12! There is a possible of spike but you will need to monitor movement closely.

No sheila2, it will hit above 1.10 margin. The resistance level has increased means new playing field. As price gathering strength, this time more buying will come whereby people who purchased at mid-price are comfortable to hold. With the hold, and more ardent supporters coming in; price will spike.

Those who has hold this on 1.04 as mentioned before; monitor close movement by mid afternoon. It will break resistance at 1.10 by today and has potential spike.

I am sensing a spike....hope you are ready for this guys.

Actually, contrary to slow trading...6 of my indicators tells me Perisai will spike upwards. Not going too dwell much on analytic details. On close watch, heavy volume trading coming...

Hong2, my answer is yes

Generally, overall market sentiments is down. KLCI, Nikkei, Hang Seng Index..etc. Bound by macro factor means big players are cautious that that affects Asian market as whole. As for Perisai, RSI hits lower but has not reach baseline and is leveling indicate support holding. Furthermore, Trend volume also steady meaning majority of people are snuggling their shares tightly. Handful of people will sell of fear. At 1.02 – 1.04, Perisai maintains an excellent buy. Those bought at these prices maintain hold.

it is currently on overbought which explain why price's sudden surge. RSI is overbought. Careful...

hi twobits, try chartnexus!

KongKong83, price at 1.04 people will start to make purchase because rally for support at this price will come. But when it hits 1.06 to 1.07, buyers from last week will try to sell off their sells to reduce losses so mild selling will occur. The price goes up and then recedes back down. Mild selling will happen in afternoon. You can take advantage of contra gain by buying it at 1.04 and selling it when it goes upward but might fall back down. It’s up to you how you want to take this “advantage”.

Sleepy Monday. Price on this day will fluctuates between plus minus 2 cents but nothing spectacular, mid-price purchases between 1.05 - 1.06 means buyers will be holding on their shares until it breaks next resistance. There might be mild selling by contra traders but generally most will force hold. RSI that falls below par (>50%) does not indicate lack of support as ATR (Average True Range) trends upwards and shows strong resilience towards volatility. That said, support stands firm between 1.02-1.04 and will rebound.
Friday trade for Perisai shows support is gathering strength. At start of 1.04, broke the 1.08 barrier indicating continuous upward trend support. While Monday, most will adopt the wait approach - traders will jump in the wagon with their deep pockets full of sunshine.

twobits: I tend to look for historical movement away from 60 min charts. In this case, I spot check over periodic of 6 months movement but candlestick gives limited info. For trend movement, I tend to study bollinger, momentum trending, and RSI.

excelyou, spoken like a true investor...but unfortunately, market sentiments depends pretty much on demands and supplies. Our job is simple. Make money when tides ones in and run when it goes right out...

Yup, I reckon price will dip after lunch unless I see support at 1.08. Nope, not seeing it! RSI just stump a little over 50% tells a cautious bullish.

Price will be receding to 1.04. Support will follow suits and trending remain upward with target price of 1.09-1.10 next week.

Candlestick shows each upswing often follows by downturn. Profit taking coming from 1.04 to 1.06 could mean more selling coming soon...