The queue could be accumulation or distribution, but from the chart it seems more like an accumulation,trading sideway and accumulating at 1.49/1.50, clearing out contra players before the next push. It is important to clear out contra players before the next push for a smooth ride up.

But I could be wrong and if this happen to be a distribution period, then it will fall back.

Note: This is not a buy or sell call, do your own further research for confirmation.

Buy on speculations, sell on news. When you choose to buy when news is release, it is already old news.

Based on the candle chart, if Dsonic is able to close at 1.51 and above today, then the correction period is over and uptrend continue! All depends on how it close today.

5 millions in 2 transactions = 10 millions

18 Jun 2020 Acquired
3,985,400 Urusharta Jamaah Sdn. Bhd.

https://www.forexlive.com/news/!/navarro-is-now-walking-back-his-its-over-comments-20200623

Uturn again

UTurn now trade deal not over.

https://www.forexlive.com/news/!/navarro-is-now-walking-back-his-its-over-comments-20200623

US China trade war, US said deal is over, blame China for the virus. Trump is gearing up for his election campaign, so these type of anti China news will keep on appearing.

Fall because of another round of panic sell, good time to pick up your favourite stocks before it rebound later.

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN23U02Q

It could also be accumulation, as the big volume is also forcing sellers to sell to them as others wont be able to enter queue.

Found this article, so the question now is are we in distribution period, or the uptrend will continue?

https://klse.i3investor.com/m/blog/roundnsurge/2018-03-27-story152036-Basic_Operator_Analysis_How_to_Read_Price_Volume.jsp

https://researchnews.affinhwang.com/Research/DailyReports/20200622/Affin%20Hwang%2020200622%20MTAG%20RN.pdf

Affin has put a buy call on this stock, TP is 0.59!

Once they fill up their quantity, then the price should be free to go up, just like a sling shot.

There are millions queue at 1.49, 1.48, and 1.47, systematically pulling down the price by forcing sellers to throw price to buyers. I'm guessing once this is over, the price will shoot up.

Just a simple observation based on queue volume, nothing technical here!

Based on previous record, the WA is always one day behind the mother share.
The last peak on May 22, mother share top at 1.670, WA top at 0.630. On the next session, mother share top at 1.640, but WA shoot up to 0.690. While the mother continue to fall the next few days, WA keep on going up until it reached 0.705. And on June 1 the big drop, mother share close at 1.3, while WA close at 0.575.
On June 11 another big drop due to Dow Futures drop, mother share close at 1.33, and WA close at 0.575.
Current price for mother share is 1.52, still in up trend, while WA is at 0.6, taking a dip.
Base on these comparisons, I personally think that the WA price will move up next week up to 0.670, IF the mother share is stable at 1.5 range.

The above is only my analysis, a very basic price comparisons without any other factors like RSI etc. You may further research to clarify.

@overmars I'm confident but I think nobody can tell for sure, it is just based on my analysis. Notion no need internal news because not politically related and doesnt depends on government contract, their board is quite active in announcing new plans too.

Here is why I'm confident:
1. Current price already include bad qr result, so bad qr wont affect it anymore.
2. Current price already include the market correction drop, so bad market is already factor in.
3. Based on the candle chart, it suggests a change of trend is coming.
4. Their products are in demand no matter how bad the economy is. It is a need rather than want.

It will go up and down but for now 0.64 is the lowest it will go, only another lockdown will bring it lower.
My short term TP is 0.7, mid term by July should be 0.85.

MTAG IPO was 0.53 sen, given current result, showing the company is able to maintain profit and continue to grow, I would be keeping this for long term.

QR is out, overall good result! Cash rich company + good profit now, they will have more cash to splash!

@Yuming you can see his rants at Topglove forum

Keep calm, after few days up, it's time for correction. Stock price won't keep on going up, now just need to wait for the correction period to come in. 1.38 is a strong support level, based on current trend it should not go lower than that.

On other note, I just notice MYEG crash during closing, 1.47,.

6 Mil queue sell at 1.44 just now, someone key in wrongly? Maybe want to put 1.54 put end up putting 1.44 without realizing?

Looking at the Dsonic-WA price, yesterday mother close at 1.52, WA at 0.63. Now mother is around this range, but WA is at 0.6. Discounted price? I think it is!

Now go watch Astro and come back at 4.30PM

@joyvest Transfer of 55,000,000 ordinary shares from Madam Zhao Tong to her family member.

@stockstocks Not sure what have triggered you. I have see the RSI, EMA and MACD, all looks okay, or else I would not have top up more just now. But it's good that you point out about the volume. In stocks market, every info matters, it's just how you interpret it. It's okay to voice out your opinion, but just skip the insulting part just to make yourself feel better than others.

Who knows maybe we can see another 4.30PM rocket show just like last time.

So far PH not yet agree on PM candidate, so still stable. Maybe in July during parliament sitting will have some issue.

10 mil buy, 2 mil sell. The numbers keep on growing. Good clear out.

9 Million queuing to buy, 1.5 Million queuing to sell.

Most probably big quantity selling to take profit, then the others just panic sell. The overall trend is still uptrend, so it's a good chance to grab.
Note: Just my own research. Please buy or sell at your own research.

Manage to grab some warrant just now during the panic sell.

Current the Warrant is undervalued, too many seller pushing down, so it's good time to collect before the sellers clear out. Based on the mother price, the son should be around 0.66 now.

Entered today, doji formed for two days, and RSI is around 30 showing oversold, switch of trend should happen soon. Hopefully I get it correct!

If it can close at 1.48 and above today, then a new high will be achieved.
But to be honest, I have sold mine to take profit just now, the current market is just too volatile with too many bad news, only a strong vaccine news can make it stable.
Hopefully it will achieved a new high and good luck to everyone here!

@ikenduit Very volatile, one day up next day down, plus the war between India vs China, North Korea vs South Korea is not helping. If you have buy low, it is okay to keep, MYEG is fundamentally strong. But if you need money, now is not the time to enter. Only those with holding power can gain.

@cckiong Indirectly it has a bad effect as goverment has no money to pay for new contract. Good effect is its existing business will grow more.

Beijing on partial lockdown, fear of second wave is real in China. Let's hope they can contain it , this news will make the market red today.

It is very likely an Evening Star candle chart will form today. Time to take profit and wait for the next entry.
Note: This is just my opinion, please do further research to support your own decisions.

Good morning! I see that Dow Futures drop back to last Thursday low, so trade carefully today everyone! Don't chase high today, no matter any stocks. But good chance to buy low!

@StarLightMe After BN lost in 2018, MYEG stock has taken a dive, so I think current political change will have smaller impact.

Covid-19 is never under control in US, so the panic now is that it will increase to a level that they can no longer handle. The stock market is also long overdue for a correction. We will have to wait and see how bad and how long the correction is.
As for MYEG, the chart show good momentum, those that bought is at 1.3 and below should be safe.
As for those who plan to chase high, make sure you have enough money to hold in case of a correction period drop.
Have a good weekend guys! See you on Monday!

Correction usually don't just happen in 1 day, you can see Dow Futures is still fluctuating, showing uncertainties.
For those who bought low might not have the pressure to sell yet, but for those who are thinking to buy in now, I would suggest more research first. Don't buy out of fear of missing out, you might miss this chance if it turns out to shoot high, but there is always another chance. Share price don't continue to go up without correction period.
Buy only if you are confident it will continue to move upwards in these few days.

IF US stocks crash again tonight, then by Monday there will be another round of bloodbath, so it is not wise to buy high today and get stuck.

@CalmAndWise My suggestion is don't buy C96. If you want to buy warrant, can buy C92. But not today. The good price to enter has passed, now just wait and see Dow Futures movement, and decide the next move on Monday. Keep Calm.