I told you.
Now 4.92 11 oct 2021 support already broken.
Next support 4.66.

When it hits bottom, its difficult to press it down. It wont budge. It will revert back to its pre-pandemic level of 1.40. Hodl.

Wondering why it is dropping, but not Petron?

Go to bursa website, download its last qtr report. Page 2 of 17. Profit 47mil. Hedging losses 110mil. Nett income negative 63mil. They lost money.

Go buy TOPGLOVE there. Its mean stable price pre-pandemic was 1.40. Supply/demand shock brought it down to 1.02/1.03 now. This is temporary. It will revert back to 1.40 to move sideways there and later move up to 1.80.

You will make 40 to 80% over time. Buy n hold. Invest. Do not trade.

Market Post Bearish Engulfing Candle:

1. A Bearish Engulfing candle was registered on the chart yesterday where the red candle completely engulfed the previous day green candle.

2. It is a very reliable trend reversal signal which signals the price direction going forward will be down. Not only down, but down trending.

3. The next day after this bearish engulfing, price typically move down a little, which is exactly what it is doing now.

4. This initial small move will be followed by a larger and larger downward moves with increasing momentum in the next few days.

5. So, when you spot this bearish engulfing set up, get out! Never hesitate. Lock in losses, to avoid bigger losses, bigger pain.

6. When price drops, the chances are very difficult for it to rebound back to your cost. Thats why you should practice "cut yr losses short". Average up. Never average down.

7. There is always a chance that it is already on its way back to square 1 at 3.70 - 4.00 to move sideways there for a long long time like it did before this rally and now collapsing. Just that you dont know it yet. As a prudent risk management action, do not hold and do not add to average this stock.

Diamond Bottom at 1.01.
3 times tested not broken

This is the journey of a BURSTING BUBBLE 7.40 back to 4.00

Then any rebound fr 4.66 will be stopped at 4.93. Over time it will return to square 1 at 3.70 - 4.00 to hybernate there for a year.

Now with a bearish engulfing candle formed today, this 4.93 will break tommorow. It will go to 4.66, 24 Feb high.

4.93. This is where i said it wud drop when it was at 6.40. Just for the record, OTB ass is on fire. I take my VICTORY LAP now...hu hu he he la la la....

Post removed.Why?

Intraday DESCENDING TRIANGLE formed. It will close around 5.04 today n fall 30 - 40 cents tommorow.

Told u dy its on the way down or DOWNTREND.

BIDIN otw to saudi to ask saudis to pump more bcause usd5/gallon at US pump station wud kill him.

Same as dayang la. After 1.50 it stabilised n hegeh2 below 1.00.

Relax bro. Its part of bottoming out process. Index swings down, swings up and swings down wildly. It will test your mettle. Be at peace, looking at the big picture, that you got this one at relatively super cheap. Ride it out. It will stabilise at higher level. Ignore the noises.

I am back. To save you fr further disaster.
5.18. Another 5 cents to a BEARISH ENGULFING set up. A close below 5.13 wud form a bearish engulfing, followed by 40++ cent drop tommorow. Escape!

Lari la. Rally attempt has failed. Red soon. The earlier you bail out the better. Because fundamentals do not support this price.

Web security with very low revenues. Small lousy business. It will stabilise around 0.60 before going below ipo price later.

From 9.60 it finally hits bottom at 1.01. Has been a long long time I hv been waiting for this moment. Bought 2,000,000 shares averaging at 1.02117 for rm2 mil ++

Go ahead sapu 1.02. It has ran out of sellers.

The general says stop firing, conserve your bullets, fall back to 0.93 defensive line. The enemy may attack tommorow at dawn.

Pang. Dont get con twice by the same operator. This operator plays yo yo to con people.

Dont gamble here lar. Go pick up topglove n invest there. Its cheap now.

Told you its going down below ipo price. Bcause business has peaked out just ahead of ipo. Saturated dy. Theres only so much milk people can drink. You supply more oso you cannot sell.

FFB

Bought n sold some. Pocketed 28 cents a piece.

Its all over folks!

Previous low broken: 5.95
Todays low: 5.11

Half way rebound philosophy:

5.11 + ((5.95 - 5.11)/2) = 5.53

Todays rebound high = 5.52

Irs over ! Underwrite yr losses here n move on.

3.75 - 4.00 to 7.00 - 7.40 and on its way back to 3.75 to 4.00.

BUBBLE HAS BURST

Adios. Sayonara.

Sold 0.75. Lari first.
You look one time you see a bullish pennant. You look another time you see a bearish descending triangle.

Let me tell you a little open secret.

Its about market psychology. Markets now are in a sell on anticipation, buy on news mode.

Selldown ahead of FOMC meeting which starts tonight til tommorow.

Tommorow night, FOMC will announce their decision on interest rate hike in the US. Does not matter what the decision is, markets will buy the news and rebound from their grossly oversold levels.

Today n tommorow is time to buy n then hold n wait for the FOMC interest rate decision to pass.

Jaga2. On the verge of a PENNANT BREAKOUT above 0.765..

V for Victory.
Vacuum of sellers above 1.06

Sellers hv lost this battle. Attack!
Next fortress 1.12

A SHOOTING STAR reversal in place in the index. Buy.

Almost there. Today n tommorow, its time to buy. Oversold.

The rebound from 5.13 to 5.43 damaged the technicals. Now even 4.93 wont be able to stop it.

I hate to break you a bad news in already bad market.

It dropped below 50 day mvg avg n rebounded to this 50 day mvg avg at 5.43.

It is going down to stay down. No rebound. IT HAS COLLAPSED !

SPREAD your ass, I would like to CRACK it

Go buy LGMS there. Its a positive technical set up. Its a bullish pennant, the opposite of HY bearish pennant. Tp 1.02.

5.33/5.34. Heard OTB gone hiding into cave in batu cave there. Betul ka?

Market red, this thing green.
When market rebound, it will be super green. It will be the first, the fastest and the highest to move up. Buy!

Have to admit that it is a BULLISH PENNANT set up. Tp 1.02. Buy.

I repeat for a millionth time.
You watch arr.

4.93 +/- 3 cents some time tommorow.

It was a BEARISH PENNANT set up.

Index has broken strong support at 1480, which was the support on 3 previous sell down.

Darvas Box:
Previous trading range 1480 - 1607 = 127 pts range.
Today it has entered a new Trading range 1353 - 1480 = -127

Dow Futures = Down 400 pts thereabout. Another major sell off in new york tonight, and bursa n other regional markets will react down again tommorow.

Verdict: Sell/cut loss into intraday strength

Breakfast by the bay in cooling morning breeze.

I hate to break another bad news this beautiful morning. Im sure you already knew of 880 pts plunge in new york overnight. This is the bad news you already know. My bad news to you is that the last half hour in new york there there was a move with huge momentum to break days low to new low. Other words, it will plunge again monday night, after our market closes.

So cut all queues n dump to buyers at opening bell monday. Damage control.

These are the things you look at. Chart pattern formations, strength n sentiment, impact of severe drop in other major markets. Not the earnings forecast, wrong forecast, calculation, wrong calculation, crude oil, crack spread. You looking at wrong things at wrong places. All these craps are already built into price chart, patterns, sentiment, volume.

Got it, boys n girls?

One Four Nine Three point Nine Five.
Mati la. You all mati la..

Seriously speaking: I told you a million time the set up was one of a BEARISH PENNANT. Google what bearish pennant is. This pennant pole is long. 1.30 long. So the drop will be severe.

4.44 pm. 5.79. 0.41 drop.
Invitation - OTB Balls Roasting Ceremony.

You are all cordially invited to balls roasting ceremony this coming tuesday. Market afternoon sessìon. Venue: bursa grandball room.

Guest of honour: OTB

The bad and sad news is today is only the first day index broke down decisively below 1500 crucial psycho level.

It will get worse n worse next week.

Prepare coal n lighter fluid arr. Get ready to roast OTB balls..

At 5.90/5.91, 5.95 previous low on 31 may has already been broken.

It will go much lower lar. Basic trading 101 oso you dont know ka. Hai ya..

Now i warn you again. Run during this early drop below 6.00..

Mama mia!
Its time to start preparing to roast OTB balls..

Told u dy 1.22 was a bear trap.
Current business trajectory will take it into loss making for the next few qtrs.

It will sink below 1.00. Stay away.

Dumping ahead of "end of the world trade" on tuesday.

Top glove dumping
Genting dumping

Escape today b4 too late