@ newbie230, I do not think anybody can confirm a single stock tomorrow will up or down.

Based on chart, it is still on downtrend.
However as it just drop from 1.22 (highest) to 1.01 (lowest) from Fri to Tue within 3 days, it will volatile thru & forte between SMA 200 & SMA 90 (1.05 - 1.25) for next couple of days.

Only if it break below 1.05 (closing), then there is risk for further down to < RM 1.
If it break above SMA 90 = 1.25 (closing), then it reverse back to uptrend with next resistance 1.32 = SMA 30.

Salute to you guys can debate the whole day for KNM.

Just a reminder :

The downtrend is not over yet although today technical rebound to 1.12.
1.05 (closing) cannot break for this week in order to confirm a rebound is sustainable
If this week closing break 1.05, it may trend down to below RM 1.

Current resistance is SMA 90 = 1.25 (if 1.05 able to support).

if you travel to China (of course after the outbreak over), you will realize that Chinese in mainland China make payment mainly cashless, even hawkers and street markets.
Malaysian had been outdated but that is the trend worldwide, just like in the past ppl Q in bank for cash transaction but nowadays a smartphone will do most of the jobs.
We are late does not means we deserve stagnant.
We invest for the future trend.

@Paktua, long time no see, great that you are here with your troops.

@Aseng, totally agree with you.

I wont be surprise if the price trade at the level of 2018 Aug ~ Dec.

@ Investing_Bursa
I bought early Feb at 1.2x when it rebound from bottom.
I sold all same month at 1.4x when there are bearish signals.

Current price is 0.9x and waiting for a good entry point to buy back but yet to see any trend reversal.

If I ignore the TA, I will end with holding 1.2x, watching the price up to 1.5x not selling and down to 0.9x still hold and end with a lose.

@hng33, welcome.
I hesitate to buy back as waiting for a good entry point.
sold last month at 1.4x as observed several bearish signals, waiting for a trend reversal then only buy back.

AA lowest 0.965, start moving toward the real value in current condition.
Still have room for further down.

Just for reference (TA point of view) :

1) SMA 3 - 12 had crossover SMA 50 & 90 yesterday and moving toward to crossover SMA 200.
If SMA 3 - 12 also crossover SMA 200 = 1.02 by this week, expect a further drop in price.

2) SMA 50 & SMA 90 are currently trending down as well which is a sign of bearish trend.

3) SMA 200 = 1.02 instead of a support, now became a resistance. Once SMA 200 also trending down, expect a more significant drop in price.

IDSS short sell RM 2.55 mil at RM 1 in first 2 hours.

@ sardin81, no worry, we will enter and support once the current downtrend reverse to uptrend.

IDSS first 2 hours short selling RM 1.57 mil at 0.145.
Intend to buy back 0.135/0.14.

Do not buy higher then what IDSS sell.

SMA 200 1.05 is the critical support.
whether to rebound from this level or continue further downtrend depends on the closing this week whether can sustain above 1.05.

Oil & Gas relevant companies will not be recovered within short term.

Dow Jones opening already fall close to -2000 points, -7.6%

@ MacDee34, I agreed your points.

today only IDSS made money.
they short sell RM 1.89 mil at RM 1.1 (average).

current chart just look like bottomless with no support at all.
it will be free falling.

Previously it was below 0.1 from Dec 10th, 2018 to Feb 11th, 2019, totally 2 months. Plenty of time to buy low.

Guys, let it free fall, don't rush in to buy, current price is still too high to buy, the chart just look like a Niagara Fall.
Do not use our limited resources to buy at current price to catch the falling knife, only buy when it drop to 0.1 or below. Best is 0.07.
It will not be a "V" turn, just refer to last year trend chart, it will stay below 0.1 long enough for you to buy, no point to rush in above 0.1.

Finally the closing < RM 1. It will be free fall from here.

Refer to year 2018 Aug ~ Dec trend chart, it looks similar to current trend.

Just take note :

1) SMA 90 today crossover > SMA 10 => Bearish mode with price drop as expected.
2) Closing at 1.08 is very close to SMA 200 at 1.057, once the price break lower then SMA 200, it will free fall below RM 1. However, if SMA 200 able to support strongly this week, still a chance to rebound from bottom.

With 0.13 lowest today, target price 0.07 is only -46% (-0.06) to go.

The gap from current price of 0.97 to rebound back to the peak of 1.57 = delta 62%.

Take note that SMA 200 is the critical support level. Once it broken, the confidence level broken as well.
OTB, do you agree ?

I analyzed TA to decide the entry point & selling point, only bought one time 1.2x by early Feb and sold one time 1.4x by mid-Feb, from mid-Feb to now not yet buy any Jaks and just patiently wait for a good buying point as the chart is showing a bearish trend with no sign of rebound. Yet being identified as "Day Trader"?? I think most traders in this forum traded Jaks much more frequent then me (only buy 1 time a mth, sell 1 time a mth).

As expected, once SMA 200 = 1.02 support broken, the price will free fall.
Current chart looks more like year 2018 when it free fall from RM 1 to 0.405.

Buy when the chart is showing a golden cross for uptrend.

Don't buy when the chart is moving toward a death cross which is the trend happen now. Definitely the price level now is not a good price to buy.

do not buy during downtrend.
let the price free fall to bottom, it will stay at bottom long enough for you to buy before it rebound.
no need to rush in to hold, keep average down until out of bullets and watch the price continue free fall.

the chart is a waterfall, don't catch the falling knife.
it will have temporary fake rebound from time to time (like this morning to 0.165), but it will fall back fast to lower low to trap in more traders to hold at high price.

by the way, anybody see Paktua in any counters lately ? miss his song..

hope nobody here bought high last week after several reminders for the downtrend.

Dow Jones future drop another -1198 points, -4.65%

greedy to buy low need to have bullets available also.
if traders holding high and stuck at high with no available bullets to buy low, can only watch the show without action.

breaking new low now at 0.14.
0.07 is an achievable target, only -100% to go.

if SMA 200 broken, the chart may looks like 2018 Aug - Dec's range.

seems there is a magic hand holding the price at RM 1.
each time it drop below RM 1, price being push up back to RM 1.

the critical support now is SMA 200 = 1.02.

take note that IDSS short sell at 0.153 (average), and intend to buy back at 0.145.
do not buy higher then what IDSS sell.

back to 0.145. those chase high trapped in again.

current price = Nov 1st'19 level

1.05 now.
if SMA 200 = 1.02 broken also, a waterfall will follow.

when it was 1.5x, brave to buy.
when it is 1.1x, fear to buy ?

Today is the first time SMA 10 < SMA 90 since June'19, a bearish trend.
Buy only when there is a clear reversal from bottom with positive market sentiments.

Last Friday for the first time since Oct 9th'19, SMA 10 < SMA 50, the price drop to lowest 1.21.
Today for the first time since Oct 8th'19, SMA 10 < SMA 90, price drop to lowest 1.1.
If current support 1.1 also broken, next support will be SMA 200 = 1.02

Despite several reminders for the waterfall is coming, last week when there was still chance to sell at > 0.2, many still believe that it will rebound from 0.2.
Now at 0.15 level, those who still hold and out of bullets to average down shall be regret by now.

We have to believe Public Bank's professionalism to forecast the price at 1.13.

with current price, 100% of traders who bought and hold since Nov 29th to now are making lose.