As expected, after an evening star formed by last week, today will be a free fall with no support. The operator created a fake uptrend last week for retailers to chase high. For those already sold last week, no rush to buy back. For those not yet sell, sell first and you can buy back at lower price.

As expected, it is a reversal trend from the high of 1.4 last week. With 1.35 first support level broken by 9:10am, the next support will be 1.3. Downtrend will be an opportunity to buy back for those already taken profits last week.

The past 3 days chart showing an evening star.
Wed : open = 0.755, close = 0.825 => up 0.07 (close - open create long green bar, retailers start chase high with high volume).
Thur : open = 0.84, close = 0.835 => down 0.005 (a narrow red body, price still higher then Wed close, retailer expect a higher high may happen and continue chase high with high volume).
Fri : open = 0.825, close = 0.795 => down 0.03 (close - open create long red bar, retailer being trapped in, low volume compared to previous 2 days, most retailers holding stock expect rebound).

An evening star indicate a downtrend may happen from Monday onward. Those who chase high last week by Wed & Thur (overbought) and not yet sell until next Monday will face a downtrend and will start panic selling from Monday onward.

The chart is showing a waterfall downtrend from Nov 18th until now. Friday the candlestick formed a hanging man for a reversal signal, the rebound from the low of 0.235 to 0.285 is ended and it expect a downtrend start from Monday.

US and Europe markets turn red as well last night after 4 days' rally. Asia major markets mostly turn red yesterday except China & Malaysia managed to break even and slight turn green at closing. Next Monday will be clear for the direction whether to go north or south.
Always buy low sell high instead of buy high expect higher high.

The closing price managed to hold at 1.38, neither it break 1.4 nor 1.37 which is a good consolidation after 4 days' rebound. Based on yesterday's volume, half being taken profit today, Monday will be bull vs bear for the direction whether to go north or south or continue at consolidation stage.

It is a norm for a stock price to move up once it hit the bottom like what it happened on Monday rebound from 1.15.
It is a norm as well when the price rally for a couple days to a certain price and people start taking profits.
Trade with cautious as there is only one purpose for us to be here which is to make money.

As predicted yesterday, traders started to take profits after Revenue reach the high of 1.4 yesterday and today's opening. 3 scenarios :

1) If today's closing able to breakthrough 1.4, a higher high uptrend is possible for next trading day.
2) If today's closing = opening = 1.4 = yesterday's high, it form a hanging man, next trading day most likely will see a significant adjustment down due to massive profits taking.
3) If today's closing is = 1.37 or lower, it is a confirmation of reverse trend as yesterday's green bar 1.35 - 1.4, half of the rally being profits taking today, it will follow by a downtrend next trading day due to lose of momentum.

Trade with cautious and do not chase high, ride with the trend be it up or down.

I agreed Revenue is in a good position for right industry, it is a rising star with good potential & opportunity for 2020. The quarter result will be out by month end, that may boost up the share price by 2nd cycle of the month which is by month end.
The positive movement today may due to the worldwide stock market rebound, most of the stocks are rebounding today. The concern is the sustainability as base on past statistic, once the price move up rapidly in first week of the month, people may start to take profits, most traders do not keep stock for long term.

Kendo Ken Hz, I do not think anybody can confirm this round of uptrend how high it can reach. However, we can base on the past trend as reference :

Dec 9th = High 1.38
Dec 12th = Low 1.21 (14% delta)
(interval 3 business days from highest to lowest)

Dec 20th = High 1.39
Dec 26th = Low 1.25 (11% delta)
(interval 3 business days from highest to lowest)

Jan 2nd = High 1.53
Jan 8th = Low 1.31 (16% delta)
(interval 4 business days from highest to lowest)

Jan 23rd = High 1.45
Feb 3rd = Low 1.15 (26% delta)
(interval 6 business days from highest to lowest)

Feb 6th = High 1.4 => next is further up or start profit taking ??

Although since Oct'19, the long term trend for Revenue is achieving higher high each month, however if zoom into short term by month, each month there is about 2 x cycle of up & down, tomorrow's closing may be a good reference whether it will further trend up to test 1.53 resistant or it may trend down due to people start taking profit.

A good closing today at 1.39 with high of 1.4. As stated by Monday, a long green bar finally breakthrough 1.39 by today.
1) Tomorrow if the closing is higher then 1.4, a higher high is possible to continue the uptrend.
2) if the closing tomorrow unable to breakthrough 1.4, there may be a start for profit taking after 4 days' rebound from 1.15 to 1.4 (> 20%) which is normal.

Beware !! 3 scenarios :
1) If today's closing is higher then yesterday high of 0.84, the uptrend may not yet finish.
2) If today's closing is lower then opening of < 0.82, then it may form a gravestone for a beginning of downtrend.
3) If today's closing is 0.82 equal to opening, the trend is indecisive and may have 50% chance signal a reversal to downtrend from past 2 days huge surge, or a 50% chance to take a break for longer term uptrend.

pewepw, good try to copy my comment. however, 1.35 to 1.39 is not a hammer.

Those who still intend to sell low better remove the sell Q to allow maximum surge by tomorrow.

Those who continue to sell low between 1.15 to 1.34 in past 3 days shall be regret by now.

The closing today at 1.34 = opening price formed a dragonfly after yesterday slight drop of 1 cent from Mon's 1.32 to Tue's 1.31. Those who sold at 1.32 and below yesterday shall be regret by now. The technical chart is showing an uptrend :
Monday from 1.15 to 1.32 formed a Hammer.
Tuesday high at 1.36, low at 1.3 clear out some weak holder.
Wednesday from 1.32 to 1.34 formed a dragonfly. The buying interest is back with the selling pressure is getting less. Shall there is no surprise overnight for US market and with no uncertainty for the outbreak, tomorrow the momentum to breakthrough 1.36 shall happen by tomorrow morning.

Regional wise, the entire Asian markets almost all in green today with Shanghai up more then 1%, Shenzhen up more then 2%. The Chinese gov is well prepared for the stock market before it open by Monday.

US markets closed in green as well. Revenue shall continue the uptrend today for the momentum built up yesterday. Wave 3 from 1.32 to ??. Those still intend to sell low better remove the sell Q to allow maximum surge by today. Those who panic yesterday shall be regret when it closed at 1.32.

China index closing is better then expectation today (market expect 10% drop, however it manage to close below 8%,), this gave stability to the worldwide market that already started to drop last week. The 2 closest markets : Hong Kong index closed in green, Korean closing almost breakeven. Europe major markets opening in green. The outbreak may be overdone last week, and the markets expect this is a short term impacts. A full reversal to uptrend is expected from April onwards when the season change (Winter to Spring, that will eliminate the virus).

wave 1 rebound from 1.15 to 1.3 in morning session. wave 2 rebound from 1.26 to 1.32 in the afternoon session and formed a hammer today with long tail from 1.15 to 1.24 and a green body from 1.24 to 1.32. Tomorrow shall be continue for wave 3. If tomorrow have a long green bar breakthrough 1.39 by closing, a longer term uptrend will be confirmed. Those panic sell this morning and rush to sell below 1.3 will be regret by now.

Wave # 1 from 1.15 to 1.3. Wave # 2 from 1.26 to ?? Those who still intend to sell low at 1.3 & below shall remove sell Q to allow maximize wave # 2 rebound. It is a reversal trend. Hong Kong and Korea index already in positive + trend while China''s index is within 10% market expectation.

By now a hammer already formed with long tail all the way from 1.15 to 1.28. For those still intend to sell below 1.3 shall remove the sell Q to allow maximum rebound. The cashless industry have long term bright future versus the outbreak is only for temporary.

Technically if today's closing is higher then last Friday's closing price of 1.26, it is a reverse trend shall there is no further uncertainty for the outbreak. China's markets open low within expectation and gradually recover where Chinese government already prepared before market open today. Those who panic sell this morning shall be regret by now.

If today support level 1.3 not break, then it may technical rebound, but if break 1.3, then the next support will be 1.25. However, Revenue do have bright future if go for long term for the cashless industry that align with government and the worldwide trend, putting aside the short-term outbreak.

If based on the trend for past 3 mths : every mid-month the price will surge and end mth will down. It had been repeated Nov 18th = 1.43 => Nov 27th = 1.1 => Dec 10th = 1.37 => Dec 26th = 1.18 => Jan 20th = 1.51 => Jan 31st = 1.25. Just ride with the trend, buy at end mth and sell at mid month. If one hold for 3 mths never sell, the opportunity lost is 15% ~30% per mth.

Today's closing at 0.775 indicate a reversal trend from the low of 0.725 last week, with a base (support level) formed at 0.755. It need a long green bar to breakthrough 0.82 to confirm an uptrend, else may go side way at 0.7x as it lack of volume to sustain the positive trend.

1.35 support level broken, next support 1.3. If today's closing is < 1.35, most like the drop will continue.

Based on the technical chart, it is still downtrend in short term, no sign of rebound yet. If 1.35 support level able to hold, rebound is possible, however if 1.35 break, then it may further drop to 1.31 or 1.2x. Long term this stock is a rising star for the cashless industry.

After 3 weeks dropping from the high of 0.89 to 0.725, finally the chart showing a firm reversal by today at 0.765. A morning star also formed today (opening = closed) with 2 cents increase from yesterday's closing. Those who not manage to sell last month December when rebound from 0.785 to 0.89, today's closing will be another opportunity as buying interest is back, expect to see a positive reverse trend by tomorrow opening. The short term resistant will be 0.82. The operator is pushing down the price to collect low at 0.7x for the past 3 weeks and most contra players shall be cleared. Directors are continue collecting from Dec to Jan which is a good sign.

Again, the closing is same as yesterday = 0.86 (second support level remain at 0.85), the base had retested and reconfirmed since Dec 24th for 3 days. This morning's high of 0.89 also reassured the rebound is still continue as it breakthrough previous high of 0.88. Base on the chart trend, it is moving towards the region of RM 0.9x, hopefully by next week.

Those who hold from 0.82 shall have more then 8% profit by now

As expected, 0.88 resistant being retested & breakthrough by this morning. It will be significant if the closing can sustain = or > 0.88, the next resistant will be 0.94 => 0.98 => 1.

Today's closing = 0.86 = opening, reconfirm the new support level at 0.86. The second layer of support 0.85 also being retested today with a solid base formed. Shall 0.88 still not able to breakthrough, it may go side way for short term between 0.85 - 0.88 until a significant breakthrough . The chart still looks positive for future uptrend with resistant at 0.88, 0.94, 0.98, and RM1.

Back in Dec 16th, when it was trending down from 1.3x to 1.2x, a short term downtrend already formed. With IDSS daily sell to press down the price with no strong support, all the way it trend down from 1.3x to 1.2x to 1.1x. This pattern is identical to the trend of Nov 20th ~Nov 27th, it just repeat one more time by Dec only. This is purely a view point from TA. It is true that if one put TA before FA, shall sell at 1.3x and buyback 1.1x, especially most ppl do not have holding power and deep pocket to watch the price from 1.1x to 1.4x back to 1.1x.

Closing at 0.865 = yesterday's closing, although still cannot breakthrough 0.88, it form a new support level at 0.86 (from 0.82 => 0.835 => 0.85 => 0.86).

I totally agree with dailyklse2010. It is a more realistic view for the current trend & situation.

This morning had retest the support level of 0.85 (follow by 0.82=>0.835 yesterday). Shall 0.85 is not broken and the resistant of 0.88 breakthrough by today's closing, then the next resistant will be 0.94.

Based on chart, SMA 50 RM 1.15 will be next support, if this level broken, it may retest RM 1.1. As stated by Dec19th, the trend in short term is downward, those who intend to make short term profits will be making lose for past one week. However, I do agree that in a longer term, the trend will be reverse back to 1.3x after a solid base form at 1.1x level.

The selling pressure for the past few days is getting lesser. Those who sold this morning at 1.72~1.73 will be regret later. The chart showing a reverse for uptrend after yesterday's closing at 1.74, it will retest the 1.8 resistant.

Although today unable to close at 0.875, but a good demonstration of rebound is confirmed. tomorrow may retest the new resistant of 0.88 and the new support level of 0.85, once the closing breakthrough 0.88, it may climb to next level of RM 0.9x ~ RM 1.

Today opening = closed = 1.74 = a morning star after 2 days' drop. Base on the chart, potential a strong rebound by tomorrow, testing the resistant of 1.8 again.

as stated last week, a long green bar to breakthrough from 0.835 to 0.875 will firm a rebound status. next resistant will be 0.94 if today's closing = or > 0.875. Those who hold from 0.82 shall have already 7% profit. 0.82 will be the support level.

Friday's opening and closing price = 0.835, this indicate a stabilize base being formed from 0.82 to 0.835 with limited downward risk. The chart indicate high future possibility of rebound from next week onward from current base, it need a long green bar to breakthrough 0.875 to confirm a rebound.

Those who chase high need to be aware that IDSS had short selling nearly RM 3.28mil this morning from 0.365 to 0.355.

IDSS is making aggressive short selling again from 1.28 to 1.24 this morning. Based on chart, the base line support of 1.26 had broken just now, It may trend down further in short term.

ride with the trend instead of trade against it, most of us do not have deep pocket to fight against the operators. we can only analyze the trend, ride with it to make small profit, I always believe one's biggest enemy is not others, but self greedy.

wait for a morning star candlestick signal then only enter. rush to buy during downtrend due to daily short selling (today's short selling about RM 4.5 mil, at average price of RM 0.3189) may catch opps of low price before rebound, it may also fall into uncertainty of whether waterfall will be the next instead of rebound. reference to the candle chart for the buying signal (while may not able to buy at the lowest price when a morning star candlestick form the base), but it is at least minimize the risk.

Mon closing 0.82, Tue opening 0.82, Wed closing 0.82. The selling pressure looks like eliminated with a base form at 0.82 (+/-). If able to breakthrough 0.875 with a long green bar next couple of days, then a rebound form, else might up/down within the range of 0.81-0.86 for time-being.

When it was above 0.4x, ppl thought it will continue up, so it was not sold and hold until today. When it is at 0.305, ppl think it may drop further, so panic sell and hope to buy back later. I agreed with Paktua that own emotion need to be controlled to avoid wrong decision made.
The biggest issue for most ppl is greedy. I would suggest those have not yet buy KNM to wait for the base formed then only enter.
At this junction whether IDSS will press down the price day to day to < 0.295 nobody knows. I believe sharks had sold all when it was > 0.4x when ppl chasing high, and all the way from 0.4x to 0.3x it was IDSS short selling to make daily short term profit with no strong support to hold the price. Technically the price had fell far below MA 50 (0.405) & MA 90 (0.395), the next support is MA 200 at 0.295. If the price able to support at this level and form a solid base, then a rebound is possible, else, it may end with waterfall if price being press down below 0.295 by IDSS.

Technically whether it will rebound or continue downtrend, 0.295 is the key. It is not a matter of brave or belief, it is a market sentiments and trends that drive the direction. It may be an opportunity for some for bottom fishing, it depends on whether 0.295 can hold for a rebound, else will be a waterfall.

A downtrend formed since Nov 18th. If it break below 0.295, then it will be a waterfall. Unless it can hold above 0.3 and form a solid base to rebound, else the downtrend may continue.

Based on the chart, yesterday formed a solid base. If today's closing is higher then yesterday's closing of 0.85, then a rebound is confirm for uptrend, else may go side way.