Doesn't make sense to buy hundreds of millions of units at 0.09/0.095/0.10/0.105/0.11 with a buy rate of above 80% just to distribute a few million units at 0.085....make no sense.

Pavillion, maybe, but do you really think the syndicates want to risk queuing 40 million units at 8 sen to bait people to buy 5 million units at a lousy price of 0.085? Syndicates want to distribute high, maybe 10 sen, not 8.5 sen lousy price.

But make no mistake this is not a fundamental investment this is a technical trade. Right now the momentum is still upwards but it all rests on Monday....

But to me it doesn't make sense for game to be over...with such high buy rate and millions of buying volume above 9 sen I doubt syndicates would just give up and take massive losses. They'll have to pump one more round to distribute

If Monday down again with heavy selling past 8 sen support then game is over and have to cut loss. But if still hovering around 8.5/9 in the morning then most likely will go to 9/9.5 or even 10 in the afternoon

Will either recover to 10 or (maybe) second round...I'm disposing at 10/10.5 then see the situation...but I'm not going to panic sell now. Look at the market, whole sea red, plus force selling day, of course netx will be down.

Most of the buying is a few million in one spurt, it's not from retail traders. Even if the current syndicates are distributing, it just means that other syndicates are buying in.

The combined effects of Friday, T+4 selling, and across-the-board sell down....netx still holding strong. Low volume sell down compared to buying volume, buy rate is still above 70 percent....now 40 mil buy queue at 8 sen it's obvious that the syndicates don't want the price to drop below 8 sen

@msyahid, what is it that you said about NETX-WB?

Son only 10k units transacted at 3.5 cents, nobody manage to get.....

Hahaha someone last minute sell 10k units at 3.5 cents....

If 4 sen has strong buying volume, I'm buying at 4 sen.....waiting in anticipation....

Im queuing warrant at 0.035. Don't think can get though.

And that's being conservative, at certain price levels like 9.5 and 10, the buying volume is 80-90 mil per price level per day, and the buy rate is even higher, at about 90% or more.

That translates into a net buying value of at least 5 mil ringgit at each price level EVERY DAY (i.e. if 3 price levels, RM 15 million net buying)

I've been keeping track of the buy rates and the buy volumes every day. On average 70 mil units bought at each price level EVERY DAY (i.e. if 3 price levels, 210 million units bought) at a buy rate of above 80% (on average only about 20 mil units sold at each price level every day)

That's because nobody buys at 0.11 unless you're a syndicate. The spike from 9.5 to 11 happens within a few minutes, retail traders wouldn't have been able to buy unless they were monitoring at that time. Most people enter at 9/9.5 sen in the past few days, and it is holding strong at that level.

@newinvestor17 contra players would have sold at 0.10 and above...

@Pavillion the buy rate for the past few days has always been more than 70% with high volume and strong upward momentum. Definitely not distribution.

128k units sold at 8.5c, that's about 11k....clearly someone is trying to give the impression that price is dropping to flush out the contra players...but if you look at buy rate and buying volume, 30 mil bought at 9.5 sen, that's 2.85 mil ringgit....and especially if you consider the whole sea of red and supposed T+4 heavy selling, NETX is holding up very well.

Buyer is holding off till after lunch....look at the pattern on 9th of May, morning down to 8 and 8.5, afternoon back up to 9.5

Only 12 mil selldown at 9 sen and 2 mil at 9.5 sen, compared to 30 mil buying at 9.5 sen.....buy rate is still high even at T+4 and weak overall sentiment...will recover to 9.5/10 this afternoon.

9 sen holding strong...market down + T+4 day yet NETX is holding strong. Top up more!

@powerrangerhuat Thanks. Appreciate it. Just a man with some money and lots of time sharing some insights. Hope everyone can make good profits.

@Hunger then you can try queuing at 8.5 or 9....might not get, but lower risk.

Depending on the opening 2moro I might top up 2 mil units more at 9.5 sen....if buy rate and volume is good.

@Hunger You didn't mess up, you just took profit early.....the only thing you missed is the gains between 8.5 and 9.5, but it's not too late...you can enter at 9.5 sen and sell a few days later at 10.5 or 11....better than you just watching while we make money. Some gains are better than no gains. Stock market doesn't allow you to always buy at lowest and sell at highest, if you can make money you should be happy already.

@Ultrainvestor top up more at 9.5 sen, in with me, 2 mil units at 9.5 sen. Haha.

@powerrangerhuat TP 20 sen is a bit too high, maybe not this wave, maybe 3rd wave. 1st wave max is 11, 2nd wave maybe 15, 3rd wave 20....maybe?

@Azhar Hassan, your entry price?

You can queue at 9 but most likely won't get (maybe only 2 mil vol selldown), might touch 11 sen but most likely won't clear all, so my recommendation is to buy 9.5 and sell 10.5 intraday, then queue 9.5 or 10 for Monday, should be able to clear 11 sen then.

Predictions for tomorrow: Open 9.5, Low 9, High 10.5, Close 10.

@Hunger, you can still buy in at 9.5 sen now and sell at 10.5 or 11.

@Youghin I don't recommend buying WB because NETX can't convincingly break 11 sen resistance. You can collect mother at 9/9.5 sen and sell at 10/10.5 sen.

Don't know. I'm a technical trader, strong upward momentum, high buy rate, high volume is all I need to know.

If drop to 9 c 2moro top up 2 mil more

2 mil x 0.095 = 190k

I have 2 mil units at 0.095....have some confidence in NETX

@Hwai Hooi, good news or not, the upward momentum is all that is needed to gauge sentiment. The buy rate and volumes are very high, selldown is very low volumes, it's clear that the operators are still pumping.

Yes, it appears to be a shooting star but you have to consider volume and buy rate at each price level...the buy rate and volume has been very high at every price level 0.09/0.095/0.10/0.105/0.11 for the past week, the selldown is very low volume.....that's why you need to look at 15/30/60 min intervals as well as the VMA, OBV, and VAD...

Shooting star is only if you look at day chart, you need to zoom in to 15/30/60 min intervals.

13 sen maybe not 15 sen

9.5 c last call for today...tomorrow will be 9.5/10

Look at high volume and high buy rate, definitely not distribution.

For today, yes.

430 showtime?

Tomorrow might go to 0.09 in the morning to clear out some sellers but will go to 10/10.5 in the afternoon or Monday

But good news is buying rate is more than 80% at all price levels, with 270 mil volume total, it's definitely a sign of positive upward momentum.

Problem is 89 mil volume buying at 0.10 still can't move up, machine overheat already, need to sell down to push up again.

will hit 0.09 every now and then but will not clear all 14 mil volume, most likely will close 9.5/10 today