RM 1.12 support broken, now RM 1.11, RM 1 is not far away.

Today's adjustment looks similar to Jan 31st.
Hope it further adjust down for opportunity to buy lower before a rebound.
Those who chase high last week didnt realize profits & out of bullets shall be regret today.

1.12 seems like the support. Second time in Feb, once touch 1.12 then rebound.
If 1.12 broken, RM 1 is not far away.

today everyone can buy 1.16

It is left hand sell to right hand to flush out weak holders and collecting stocks at low price.

Currently it is at a junction of cross-over (the downtrend from Dec 13th going to end this month and a new uptrend gradually forming this month, the current cross over point is 0.81 ~0.82).

The operator is pushing the price up & down to let retailers chase high and panic sell within a day 2 times to flush out weak holders, unload stocks above 0.8 and collecting stocks below 0.8.

For those already sold, the current buy back support level is 0.77/0.78.

For those intend to sell, the current resistant is 0.81/0.82.

In between there will be huge volume park at buy or sell Q, take the opportunity to buy back at low price 0.77/0.78 and sell above 0.8, ride with the trend instead of chase high above 0.8 & panic sell below 0.8.

For those already sold above 0.8 :
0.77 is the current support level = SMA 30 for buy back
0.815 is the current resistant = SMA 50

It depends on whether 0.815 can breakthrough and sustain for this week, then it is a real uptrend.
All indications are currently positive, it will be a normal consolidation (back & forth) between 0.77 ~0.815 until selling pressure depleted, then a long term uptrend start from 0.815 will be possible.

If not able to breakthrough 0.815, then it will go side way for consolidation between 0.77 ~ 0.815 until 0.815 become a support instead of resistant.

This morning had retested the support of 0.77 = SMA 30 then rebound.
The current resistant shall be 0.815 = SMA 50.
Shall today closing is able to close at 0.815 or above and stabilize for this week, it will be a significant reversal of trend.

The major downtrend started Dec 13th when SMA 50 at the time at 0.945 broken and all the way down to 0.695 by Feb 3rd (in between all the rebound are temporary).

0.815 = current SMA 50 will be crossover point for reversal to a long term uptrend if able to breakthrough and sustain.

calm before the storm

Most of the volume for past one week was transacted by IDSS with intention to short selling first in the morning to create fear then intend to buy back at lower price in the afternoon.

However yesterday after IDSS short selling at 0.255, nobody panic sell at 0.25, the buy Q exceptional high volume parking at 0.25 was the planned buy back by IDSS but failed to meet their target as the momentum reverse.

It seems most of the retailers that suppose to cut-lost already done from 0.3x to 0.255, remaining are with stronger holding power or still holding from lower price from below 0.1 or 0.1x never sell.

The coming back of buying momentum by Friday is actually causing IDSS made lost and have no choice but to buy back at 0.26 in the afternoon for what they short sell at 0.255 in the morning.
shall this positive momentum continue, IDSS shall take a time break for a technical rebound unless market have new uncertainty or bad news.

Any technical rebound will be short term, reference to Feb 3rd ~Feb 7th rebound from 0.235 to 0.285, then it trend down again to 0.25. Those who chase higher high will be trapped. The long term trend chart is still bearish unless a fantastic QR release.

it seems 0.25 will be the support, if it does not break by IDSS, may have technical rebound by next week. The MACD trend seems reverse from bottom at the crossing junction after Fri's positive buying momentum.
However any technical rebound may not be sustainable as long term chart is showing a downtrend. It may trapped in more retailers to chase high if not able to realize profits timely.

@ Mabel, agreed.
The oil & gas are sunset industry.
We need to look forward for the sunrise industries.

IDSS today have no fight with Paktua.
They started short sell early morning at 1.18, and have no choice but all the way average up to 1.2, burnt their hands today.

70% of the volume today contributed by Paktua team and IDSS, salute !!

It had been 7 trading days and I believe a lot of traders daily chasing high at 1.39/1.4 and think that it will be higher high each day while the daily closing is 1.36, 1.37, 1.38.

The big fish shall have balance about 4 mil shares to unload and need to maintain at current price range until finish unloading to those traders willing to buy from them at 1.39/1.4. It took quite awhile as they are holding a lot of stock collected since 1.15 and want to make profit at 1.4 (20%).

Once unloading done, based on previous tactic, it will have a sudden adjustment down and that will be the time a lot of traders panic sell and the big fish will be happily collect at low price again.

With high expectation for QR by month end, it will again rebound and those had been panic selling will start chasing higher high again, and daily feel being trapped in.

The same old story repeat by itself and it never fail.

by Monday closing we shall have a clearer picture this round of uptrend whether is for real.

After hitting lowest this week 0.75 by Tuesday, it formed a support and it gradually trend up the support.

Tue lowest : 0.75
Wed lowest : 0.755
Thu lowest : 0.76
Fri (today) lowest : 0.765
next support should be 0.77 = SMA 12 & SMA 30.

The low per day trending higher high in 4 days consistently, the support being solid formed at the level.

The first resistant is 0.82 which = SMA 50.
If Monday able to breakthrough 0.82 and close above 0.82, then a new uptrend is confirmed, else may go sideway between 0.77 ~ 0.82 for consolidation.
The second resistant will be 0.865.

This year will be Tech stock, 5G, ewallet.
However, still put hope on the German success story happen one more time from 0.07 to 0.475 (600% - 700% amazing turn around story).

IDSS short selling at 0.255 this morning, and block to buy back at 0.25.

I sold AA at 1.75 by Dec last year and I though that was low price to sell.
Now 1.75 became 49% more then current price of 1.17, just one month +.

With all the news released, the waterfall will soon become Niagara Fall, low enough that everyone can buy.

yes, I believe everyone know the logic of buy low sell high, but in reality most ppl fear to buy when low, chasing high when high.
those chasing high at 1.39 / 1.4 in past one week may felt being trapped in when daily close are below their buying price.
however look at statistical data I listed out, it is a fair game and price move with logical fluctuation, only discipline & patient can make profits.
even if somehow Revenue does not adjust down tomorrow or next week per expectation, there are many other stocks are dropping at attractive level this week.

@Kendo Ken Hz, nobody knows and I doubt anyone can buy at lowest and sell at highest, have to watch up when the price movement is abnormal like what it happened at Jan 31st, keep dropping from 1.39 to 1.26 within a day. I would say any price at 1.35 and above is too high to buy back. Always buy low sell high for maximum profits with minimum risk instead of chasing high expect higher high with maximum risk.


Just based on statistical data :

Dec 9th highest 1.38
Dec 12th lowest 1.2 / 1.21

Dec 20th highest 1.39
Dec 26th lowest 1.25

Jan 2nd highest 1.53
Jan 8th lowest 1.31

Jan 23rd highest 1.45
Jan 31st lowest 1.26
Feb 3rd lowest 1.15 (with the fear of outbreak + China stock market opened)

Current highest 1.41 => adjustment to => ??

Logically it is more likely to adjust down first then rebound at month end together with QR.

Have been patiently wait for a buy signal...to enter.
Today 35% of the volume is IDSS buy and sell by themselves at 0.26.

There is no project awarded news, no directors buy back, waiting for QR release only.
The only sign today is "+" doji at closing with price stabilize at 0.26, indecisive whether want to trend up or down with low volume. only IDSS buysell by themselves.

Another gravestone formed today by closing for bearish signal.
Any adjustment down will be opportunity to buy low for month end profits.

today the IDSS done a good job, short sell RM 12.3 mil at average price 1.18, manage to buy back 1.17, gain 1 cent.

the water fall continue, no sign of rebound, anyone can buy 1.17 without Q and without rush.
still patiently wait for buy signal to enter

Last year after I sold all at 0.425, it all the way climbed to 0.475, I was thinking I sold too early and it might shoot beyond 0.5.

Today if I buy back at 0.255, I can buy 66% more lots then what I sold last year.
Still patiently wait for a buy signal to enter.

IDSS started short selling 1.19..come in late today.

No sign of rebounding. Patiently wait for buy signal to enter.

The operator seems not yet finish unloading huge stock that accumulated since 1.15 last week and maintaining at current price range of 1.35 ~1.4 to unload to those that willing to buy high from them.

Today''s closing is a long legged doji, indecisive for up or down.

IDSS short sell closed to RM 33 mil today, highest record this week. However, look like overdone today as short sell at average price of 1.19+, but closing at 1.2. Unless IDSS stop short selling and EPF stop disposing, else the waterfall may trend lower low each day.
Patiently wait for buy signal to enter.

IDSS short selling close to RM 16 mil at 1.2 within 2 hours.

I don't see any rush to buy in. There is no sign of rebound at the moment. Will enter only when a buy signal appear.

The lowest price was in 2008 and 2015 at 0.87. Then it rebound sharply to 3.xx and 4.xx. Hope this round do the same.

IDSS is short selling massively at 1.2, however there is still a lot of brave retailers buy at 1.21, 1.22.

1.18 now, a waterfall coming.

Eric, I do agree it will up by end month. As I stated earlier, Revenue do have 2 cycle of up down within a month, reference to past 2 months trend.

1) The first uptrend already completed last week (from 1.15 to 1.4, 20% rebound).
2) This week it started down trend, it may last for 1 to 2 weeks to complete (from 1.4 to ??)
3) Then next it will be another rebound for up trend, together with a good result release, the month end rebound may retest the 1.53 high if the result is beyond expectation.

We are not justifying a daily up/down of +/- 3%, rather we are aiming a +/- 15% to 20% within a month.

Revenue is a good stock to invest :

1) Long term it is trending higher high, Revenue is in a good position for right industry with bright future.
2) Short term within a month have 2 cycles of up/down trends.
3) High volatility of more than 10% each cycle.

That is the reason we are here. When a stock have high volatility, only then we can make money. If a stock is stagnant or up/down +/- 3% only (example from 1.36 to 1.39 or from 1.39 to 1.36), it have no different to fixed deposit.

Just reference to TA : All indicators are showing KNM is in down trend after past 3 days it formed an evening star, which is a bearish signal for further downtrend.
The last evening star formed by Jan 2nd, KNM trend down from 0.38 (Jan 2nd) to 0.315 (Jan 20th), a drop of 20%.

IDSS is short selling RM 2.36 mil today at the average price of 0.26. The negative + daily active participation of IDSS, short term it will continue to trend down.

By 3 months from the high of Nov 8th (0.475) to Feb 11th (0.235), the price drop by half. It is interesting to see if there is a buy signal for a rebound.

All the indicators are showing a reversal to down trend start from yesterday after last week's rebound for 3 days. IDSS also actively participate for short selling. Yesterday short sell RM 18 mil at average price of 1.25, today short sell again RM 16 mil at average price of 1.25. While IDSS short selling in such huge amount, there are still retailers brave to buy at 1.26, 1.27.

For reference :

1) Jan 2nd highest hit 1.53, it took 4 business days by Jan 8th to reach lowest 1.31 (-16% adjustment), and it last until Jan 17th only finished the downtrend => rebound to 1.45 by Jan 23rd.

2) Jan 23rd highest hit 1.45, it took 6 business days (Feb 3rd) to reach lowest 1.15 (-26% adjustment), it rebound same day from Feb 3rd and it complete the uptrend by Feb 6th at 1.4.

During uptrend or downtrend, daily there will be a few cents up/down (+/- 3%) which is normal. We justify whether the trend is at the initial stage, or completion by various indicators daily to make decision the next day whether to buy or to sell. There is no one will be able to confirm 100% up or down, we can only reference to the stock statistical trend pattern, daily indicators to justify.

Now is too early to tell when the downtrend will complete for this round as the gravestone (bearish signal) just formed today.

Today's opening = closing = 1.36 = yesterday's closing. With long tail from 1.39 to 1.36, it formed a gravestone today, opposite of dragonfly (last wed). A gravestone is a bearish signal that the buying power is eliminating while selling power is taking control for the closing price.
Based on past 2 months' trend, once it reach high in first week of the month, it took about 3 to 6 business days to reach the lowest price (however it spike up again from bottom). Tomorrow is the 3rd business day count from Monday. Foresee a more significant downtrend tomorrow once the operator finish release stocks to retailers.
Again, a downtrend is a good opportunity to buy back once the buying signal appear.

Kendo Ken Hz, it is a downtrend from 1.4 last week, there wont be power to go up. The operator is blocking 1.35 and slowly released stocks from 1.38 to 1.36 to those retailers who are willing to buy high from the operator. At least 3 times x 100k units the operator released at 1.36 today.

After last weeks rebound, today Airasia candlestick formed a hanging man for a reverse trend, tomorrow is expecting a continue downtrend. The bribes on top of the outbreak shall have maximum impacts to AA. IDSS is short selling RM 17.6 mil today at the average price of 1.25.

All indicators are showing MI is in down trend after it reached 2.03 last week. The outbreak is impacting the 5G progress in China, together with close down of operation, delinquent in supply chain & logistic. Next support shall be 1.85, 1.75.

All the indicators are showing KNM is trending down. If the current support of 0.26 broken by tomorrow, next will be 0.25, 0.235, 0.195...

Last Thu : High 1.4, Low 1.35, Close 1.39
Last Fri : High 1.4, Low 1.36, Close 1.38
Mon : High 1.37, Low 1.34, Close 1.36

The operator is slowly releasing stocks from 1.4 to 1.34 from last Fri to take profits (stocks accumulated since 1.15).
It is a confirm downtrend as the daily low is hitting lower low and the close is also trending lower low for past 2 days.

It will be a good opportunity to buy back once there is a buy signal (that not yet appear as of today). Based on current chart, tomorrow may further trend down. Always buy low sell high, instead of buy high expect higher high.

Seems like 2.03 is the highest for this round of rebound from 1.75 last week. The support should be at 1.95, if today's closing < 1.95, tomorrow may trend down further.
China's 5G progress may delay to the factories shut down and impacts to supply chain & logistic.

I totally agreed with Dawneagle. IDSS continue to short sell at 0.365, while retailers continue to buy high at 0.37. The trend is continue negative unless a fantastic QR happen.

As expected, after a hanging man formed last Friday closing, today is a start for downtrend. The support will be 0.235, 0.195.