For long term it is okay to hold, it has a very good chance to grow.

In my opinion, it is good to take profit by noon, and see what happen in the market by next Monday. We are not sure currently is market correction or start of bearish trend.

IF you are playing contra, now might not be the time to buy, because if it continue to fall, you need cash to hold it. MYEG will rebound after the panic selling, but contra players will have limited time to wait.

Trade cautiously today, try to avoid counters that has business with US.

@witan KWAP has 190million units shares in MYEG, it is just a normal buy and sell for KWAP to turnover cash. It is still a good news as KWAP is still invested in MYEG for the long term.

Keep calm, condition in Malaysia is under control. If you are worried about USA, don't worry too, their situation were never under control, so it should not be called a second wave, it is the first wave all a long.

The main reason global stocks drop today because of the fear of Covid-19 second wave, because USA is recording 20K new cases per day. Brazil also getting out of control with 30K cases per day.

Oil stocks need to be patience, it will slowly climb up. Oil price should be stable 45-50USD this year.

Worldwide stocks are red now, so it's not MYEG problem, it's the whole market, just hold on tight. We're still closing green today!

@limec86 It's good to have a healthy consolidation period

@poseidon80 It's far from all or nothing, because there are so many other good news previously announced.

@calmandwise And I'm not selling today, or anytime soon unless the trend start to change, as for now, it is panic selling across the board. I will wait for closing price to make decision for tomorrow.

@calmandwise Don't panic, do some research and then make a decision. It is hard for people to advise buy or sell at what price because it involved other person's money, so nobody want to be responsible for that. You can use information posted in forums and news , and also chart to help you make the decision.

https://www.theedgemarkets.com/article/malaysias-manufacturing-sales-post-significant-drop-33-april-2020

Maybe this news caused panic selling across the board, but MYEG is not affect by MCO, instead it benefited from it. So for MYEG holders, no need to panic.

Can top up MYEG, or if want to diversify, Dsonic or it's warrant is a good price now too.

It's just panic selling like last Friday. Go and grab some good stocks at good price now!

Yeah, strong support at 1.440, once the volume come in will have another wave.

The funny person here is EmperorFund, he/she/it has been predicting fall from 1.23 until now, if only he/she/it buy it at 1.23, it is already a good profit!

@dalpinia Yes, but a change in goverment will trigger panic sales, so that is the time to aim for a good price to collect more!

Don't worry, the trend is still uptrend, unless there is a big event like change of government today, it won't close red. Tomorrow you can decide to sell or keep, based on today closing price.

Hope to see it close above 1.5 today, then it will have enough support to go to 1.7!

The realistic TP here for the current uptrend should be 1.5, depending on other news too. It will remain uptrend for tomorrow. This is not a call to buy or sell, please do your research to confirm the TP.

@Daily8 The name of MYEG itself answered your question. Malaysia E-Goverment. That is the future.

Yup, please read back what I posted, the price did not close at my target, hence I have not confirmed any bullish sign. Again, I'm sharing here for everyone to see and judge, I did not force anyone to buy, it is up to members here to analyse and make decisions.

You said you don't know about TA but then why can you comment so much about it ? If you are good at fundamentals, please share with members here too.

Unless what you want to achieve is just to make others look bad so that you can look good.

Here's something to share, if we see the candle chart pattern of MYEG, other than Friday selldown ( due to panic and long holiday ), the body of the candles are getting smaller in each drop, and finally it is the smallest today with no bottom wick. Based on my experience, 70% of the time this will result in a huge rebound the next day, and uptrend is form. So tomorrow let's see!

The name of this pattern is called There Lines Strike, please google to read up!

@TopEarn1 Good for you! You must be very good in TA, it's a shame that you choose not to share here, members here could have learn more from your top skills!

Good news today is Sinotop drop, fund should come back to MYEG tomorrow.

@ikenduit Gloves stocks are like playing musical chairs, each round will have players kicked out, in the end there will only be 1 winner. Those that buy high will drop out the game. So once the buying power stop, then the price will be back to normal.

@simple091 That is Accumulator

@CalmAndWise If today close at 1.250, it will continue to go up. If it close lower than 1.250, then yes I might reach 1.2 only rebound.

@emperorfund Great! Sell off please and move to other counter.

@ikenduit TA doesn't work in gloves counter, because it is out of control.

@ikenduit If based on chart, the trend will reverse soon, today closing is important. Only gloves stocks can go up and down without proper consolidation.

@EmperorFund And if you think it will drop, why buy ? And if you bought and feel it will drop, why hold? Unless you just come in here to post negative stuff to collect at cheap price.

@EmperorFund Back up your talks with facts, if bad qr, show us the bad qr, or how you come to this conclusion.
MYEG operation is not affected by MCO or Covid, but it gain more from this because everything has to do online. So how to have bad QR?

@ikenduit Maybe to allow "friends" to buy more at low price, once all the "friends" entered, then shoot up

@EmperorFund If nobody sell then how to buy? Stock market is always buy and sell, you cannot buy if nobody sell!

Don't worry, if it doesn't close lower than 1.24 today, then DOJI is formed, and uptrend will be confirmed tomorrow!

@EmperorFund Back up your statement with facts please, share it with us here, don't just enter and give statements without information.

Hopefully readers here are able to buy at good price today! It will shoot up this week!

@solcsy How many times want to share this news here?

Nice doji formed, rebound incoming! Next Tuesday whatever price it open, just top up more, it will close high. ( But don't buy if oil crash of course, which is unlikely.)

EPF has roughly 170mil units share in MYEG, the amount they sell now is peanuts..EPF and KWAP always buy and sell stocks in various companies.

@liimInvest Agree, Sinotop don't have much experience in tech field, previously they are fabric company. It is dangerous to give goverment data to inexperience company, plus they JV with China company, which is not a good partner for goverment project.

TopEarn1 you can insult or condemn all you like, we are here to share opinions and facts, I have presented mine, up to people here to continue the research.
If you think by insulting and condemning others will make yourself feel good and better than others, please go ahead. Keyboard warrior.

Sinotop can be an alternative, but it can not replace MYEG because it is impossible. For example AEON Supermarket and Kedai Runcit Kobe, both selling runcit stuff, but can Kedai Runcit Kobe replace AEON in one night?

For the FTSE Bursa Malaysia Hijrah Shariah Index, new additions are DiGi.Com Bhd, MyEG Services Bhd and Supermax Corp Bhd.

AirAsia Group Bhd, SP Setia Bhd and UMW Holdings will be deleted from the FTSE Bursa Malaysia Hijrah Shariah Index.

Stock market is investment, we look at short term and long term target, not one day gain. Want one day gain please wait for genting to reopen.

Close above 1.29 is good, close above 1.25 is safe, so now it closes at 1.24, which is not a bullish sign yet. Tuesday closing will be important. You can look at the candlestick chart, each time it drop, strong buyer support will push it back up, forming a long wick at bottom, means this stock won't free fall, and on Tuesday we will see a small candle body, which is a sign of price reversal.
I talk with market analysis and chart reading, not like some trolls here who just post one word run, drop, sell without any proper explanation.

Very very high chance to get NIIS, and with the recent syariah compliant, it seems like a preparation for big investors to come in!