Plan B : Intraday investor could try to sell taking 2671 as resistance. Target profit looking at 2635.

The resistance level 2671 is an amazing shot!!

I am sorry, maybe I misunderstood again. My comprehension is always weak.

Now I get it. It seems disposal always happen, then and now. It shouldn't bother people too much, just focus on something else. Am I right?

I am sorry AyamTua, I don't really get what you were trying to say to me. I guess you were advising me to read all posts and don't bother with the disposal news?

Just to clarify about my trading method. I analyze only the price action/movement, and I believe the price alone would summarize every reason people sell or buy. If there are some news or speculation, or even inside Information known only to certain people, the price would show it.

All in all, I believe the share (mother) is very promising to reverse trend and going up soon. If you decide to cut-loss of the warrant and buy the mother instead, I wish you best of luck to recover back the loss and still making profit. Btw, I am not suggesting you anything.

I hesitate to advise when it involves someone's money. I can only give my opinion about the price movement/chart action. Please think carefully before you decide to convert paper-loss to real loss based on other's opinion.

Siva, in my humble opinion, the support line at 0.15 was just broken yesterday and today. It's going to be a more drastic fall until it reaches a new support at 0.125. In side note, I notice the warrant is at high premium (overpriced?), so it's logical for the price to make some correction now.

Unfortunately, the dumping by the directors is making thing worse.

I want to share my analysis based on TA for INSTACO. This is purely based on price behaviour which I believe would represent/summarize all news, sentiment, speculation, fundamental strength/weakness and inside information of the stock.

1. Starting from doji candle formed on 4/11 (bearish reversal signal) at the overbought stochastic area, bearish trend started and continued until today.

2. On 12/11 there was a long bearish candle which usually means a panic sell has occurred.

3. Morning star candle was formed on 13/11 after a downtrend, and this clearly shows the bull was getting stronger and bear was getting weaker. This is the first signal that the downtrend would end soon.

4. The next day, which is today, another obvious indicator (doji) that sellers and buyers are at equal streangth; this further prove that the downtrend is already (or about to) end.

5. Stochastic shows the price just touched in oversold region (<20%), in other words, usually will follow with an end to selling force and buyers are coming in.

6. IMPORTANT: Confirmation candle is required to indicate that the trend is reversed and is going up again. A STRONG BULLISH candle will appear at any moment now, and it will kickstart a new uptrend to scale higher peak (and cover the gap).

7. The immediate resistance (and TP) is RM0.350, and immediate support RM0.290 and RM0.275.

8. Additional info: Yesterday's and today's lows were at 50-days Moving Average, which would also become a strong support at the current level. Historical price movement shows investors are respecting this level (MA-50) and it has a tendency to become either support or resistance.

RM0.190 obviously lol.

Btw, I need help from seniors to comment of my evaluation below.

Current underlying price: RM0.275 (IRIS)
Current warrant price: RM0.175
Exercise price: RM0.15
Exercise date: 20/4/2016

Premium: 18.1%
Gearing: 1.36

Based on some opinion i read somewhere, for a good future growth share like IRIS, pemium usually 40-50%.
Assuming 40%, the value of the warrant is RM0.235. So now it's undervalued.

Is my conclusion correct? Please help if you know how to analysis a warrant value. I'm learning here.

Thanks

Saya sudah cabut at gained half cent after holding for a few weeks. If you got money to invest, buy uptrending counters like DAYA, INSTACO, IRIS. Sure win.

Any idea if this daughter can break 190 soon?

Yes, it's the time!!! Support 0.270-275 have been tested for quite some times, and fail to break. Now, up is the only way to go!!!

Note: Based on my experiences, after Focus Malaysia running stories in their weekly issues, the stock will shoot up. Among them are MUIIND, PMCORP, XDL, DAYA and others. Go to any magazine/newspaper sellers and grab one copy for youself. (I already subscribed for 1 year)

Today's FOCUS Malaysia magazine runs story about TALAMT and its transformation plan, including the MWE guy behind it. BUY QUICKLY before it shoots up!! I printed screen and shared the article in the below link.

http://imageshack.us/photo/my-images/824/2vz4.png/

How about warrant, does it worth to but at 0.155?

silence is golden.....here and on bursa haha.

The 1-1-1-1 signal is back!!! Although I prefer to see signal 5000-5000-50000-5000, but that is better than z-z-z-z-z

I am quite happy to see the price consolidates in the range between 275-285. It may take some time, but based on my observation usually this type of consolidation will follow with big break up to release the pressure. The bottom line is this company is a profit making company, and will regularly update us (shareholders) with good news!!

Yesterday it was heartbeat of 1-1-1-1, now all dead already.....

Haha never mind. In fact I bought this counter before he made the call. I saw the bullish engulfing pattern within the oversold condition, straight away made the buy. Now praying hard to make some petty money to bring family to vacation this weekend hehe.

Btw, anyone here knows if bursa open next Monday and Wednesday? Tuesday is Hari Raya, sure close right?

http://www.investlah.com/forum/index.php
Check all his threads in the forum, he amazes me with his calls.

Fortuneball, do you mean 1's and 22's are signals before breaking out? WOW

BursaMaster, one of the respected forumer in Investlah already called for Buy this counter from few days ago, and just now predicted Digista will follow Inari. This morning he called to buy for Cersof and it flied 6.5 cents, not to mention he also made many other very good calls previously.

CityTrader, thanks for the convincing analysis, it helps me alot to hold longer and stronger haha

I'am not sure if only me noticing this, but the Moving Average 50, 100 and 200 are converging now. i remember read somewhere, this usually one of the signal of breaking out. Plus the Morse code of 1's which the sharks are communicating between each other, I hope the afternoon session will be a big goreng!!

0.285 Buy Trans: 25, Buy Vol: 25. Somebody is working hard to keep the price at that level haha

Okay, now it's too much of a signal already.....maybe another sharks are buzy wuth Hubline which already wake up from long sleep

Jo888, does it mean it doesn't matter how many times i sell/buy of one counter in a day, it still charges like once?

i still cannot understand. what i know, the fee is charge per transaction, not per day basis. Am i right or wrong?

By the way, I don't really care about their money, as long as the vol '1' can work as sparks for bigger flame soon....

Why on earth people buy vol '1'? Don't they ever think about brokerage fee? I just can't understand...

LOW Risk Trade, don't miss the train!!
Reasons I bought this stocks just now:

1. Overall trend is going up. That means the chance it will continue to move up is higher after failing testing the resistance. It just failed, yesterday at 275. Today it's already bounced up and will close GREEN!

2. Fundamentally, this is a good profit making company. Last few months already announced two big contracts won. Check yourself to believe.

3. The TA signal shows oversold (stochastic <20), bullish harami (yesterday and today) and being supported by Moving Average 200 days.

3. Next TP will be 0.320, then 0.35 after a few weeks.

4. Don't rush into high risk counters only to lose sleeps (and tonne of money), swing trade the low risk counters like this for peace of mind and preditable profit (although not giving chance of winning big, but also less chance of losing big).

Finally, trade at your own risk!! I am just sharing MY REASONS to buy this type of counters, and am not asking anybody to follow.

Correction: it tested 275 yesterday and this morning, not 285.

I belived it just tested 285 yesterday and failed to break. Today start to reverse with a strong bullish green candle. At the moment it's 285 (and i believe it will close either 85 or 290).

My immediate TP is 350 and some chance for a slight higher because normally uptrend should have higher lows and higher highs.

As I am a newbie myself, can any experts/otais give some comment about the latest development? Thanks

Do you know when the warrant will be issued?

If today closes 185, this by itself is a great signal of bullish trend (bullish engulfing with doji) continuing strong tomorrow. As you might have already noticed, 180 and 185 are being collected heavily upon expecting the good news soon! Once these two levels are gone, you can't get them below 200 anymore!!

what is the TP latuk?

tomorrow will break 2 resistant lines (0.25 and 0.37; or probably 0.440 too)!! This by looking the way Pelikan did yesterday....