I hate to break the bad news.
I hv just realized that this BEARISH PENNANT formation had already been broken.

Breakdown occured yesterday when it moved fr 6.25 to 6.20.

Now, its well on its way to 4.93 +/- 3 cents.

Not too late to bail out now.

When the going gets tough, you get out. Dont try to be a hero.

I repeat. Its one of a BEARISH PENNANT formation. Tp is the height of the pennant pole below the breakdown point. Tp 4.93 +/- 3 cents. Breakdown coming soon. Weaken, weaken, weaken and then break. I know la bcause I am 100 times better than lousy OTB.

Btw, index breakdown psycho. Break 1500 straight down to 1,493 n rebounding to 1500 breakdown point turned resistance, then going lower than 1,493 n lower n lower until you pee in yr pants.

Jeng jeng jeng....
Black monday in kl
Black monday in new york
Even darker than black in kl on tuesday

In case you still sleepwalking, the index came crashing down below 1500 without any support.

Cash out at a loss. I know lar.
You kena con.
Told u dy.

Last yr made 2bil. Now make 15mil.
Naturally next qtr will make losses.
Its a side effect of pandemic euphoria.

> Panic buying to stock up. Now pandemic ending, all hospitals stores n warehouses are full of gloves. They will stop buying for a year.

=> During pandemic, all jump onto glove manufacturing bandwagon worldwide. With more supply now compared to pre-pandemic, coupled with negative demand shock stated above, first less profit compared to pre-pandemic, next tg will slip into making losses.

> Side effect of pandemic is supply chain disruption and inflation. Raw materials n equipment cost are more expensive now compared to pre-pandemic. This will impact the coming losses in coming qtrs even into deeper losses.

Conclusion: Tripple whammy all around. Share price will go down below 1.00. Stay away.

Super dangerous chart. It will come down in next few days to close below 0.60 yesterdays opening price then it will go on to drown below ipo price at 0.45.

If you bought at 0.90 this morning, half of yr underwear will koyak.

WAY OVERPRICED SPECULATIVE BUBBLE

So how? Kena dy? Bontot sakit or not?
Told u dy. They pretend to support but they r actually nett selling. Cost 50 cents. You go in, they unload to you lar. That oso u dont know ka?

Revenues 7mil per qtr. Lousy company. Later below ipo price lar

Bear trap. Cannot. Index will come down and cruise past 1500 without any resistance. Sell/stay away.

Gambling money is hot money. You will lose it and more somewhere else. Grow up xuxu..

He he he, dont gamble xuxu.
Every trade is a gamble on immediate price direction.
Your mother didnt teach you ka?

Invest. Do not gamble.
That oso you dont know ka?

Volume gone. Ran out of fools to con. Next, a rush n stampede to exit door.

Normal lar. Distribute in green bcause people thought its going to 1.00.

Then distribute again in red bcause people thought its relatively cheaper than green.

After finish distributing, it will go into ultra red.

Previously oil up, hibiscus up.
Now oil up, hibiscus can longer go up.
Because IT HAS HIT ITS PEAK 1.49 & OREDY ON ITS WAY DOWN.

1.00/1.01.
1.02 support already broken
Next 0.99 will break n free fall from there

Another brief and shallow technical rebound because this index is heading below 1500. Sell.

Qtr profit = 3.088 mil
Total shares = 456 mil
Eps (annualised) = (3.088/456) × 4 = 2.71 cents

Tech stocks PE now = 25
Fair value = 2.71 x 25 = 0.68

Today this Goreng King will pump n excite it early morning, and sell it down in a range all day long to con people and lock his huge profit.

Yesterday stock up n pump. Today pump a bit n then distribute, looking for victims.

So what are you today? Victim or profit taker?

Small bilis company only.
Revenue 2++ mil per month only. Mamak restaurant does better than this. Cyber security business model is lousy. Much ado about nothing.

Once goreng king let it go, you will free fall belly up.

Once it drops to 5.40, you rush to jump in, you will kena again, because it will drop to 4.93. Because I know what you know not. I measure all the BEARISH PENNANT formation points, and it comes up neatly to 4.93 plus/minus 3 cents.

You see when a BEARISH PENNANT takes hold, its tp is crystal clear. What it doesnt tell you is when the breakdown n downward move will occur.

Wait patiently. Bcause i am waiting patiently too (while you are hu ha hu ha in n out, in n out).

You see sifu just watching quietly from a distance, while the naives hu ha hu ha buy n sell.

I know what you know not..

Petron up 6.40 to 7.40, Hy up 6.20 to 6.40.
Petron drop back to 6.40, HY drop to 5.40.
Petron will end up unchanged, HY will lose rm1.00.

Its called a BEARISH CORRELATION.

Stay away!

BEARISH PENNANT formation is INTACT. Breakdown any day now. Tp 4.93. Stay away.

Run. Shallow, brief technical rebound only.
Index is no good. It will keep on dropping until your jaw drops. Sell.

Told u dy. 4 to 8 back to 4 and swallowed 50% of yr money in the process. Later will go to zero n you underwear also gone.

Quickly tutup kedai n get it over with. Pnb can write this off. Small % investment only for them.

Today is the D day. Drop day.
Run for yr life
Petron up, HY no up.
Petron uturn, reverses gear, HY will die.

Get out while it is still above 6.00.

They made 47mil last qtr but they lost 110mil on hedging. Nett they lost 63mil. No good.

Dont rush in to buy. Index is no good. It will drop another 60 pts to 1480 in june. Tg will drop below 1.00.

How to go up when they lost 65m last qtr?

Come to papa, papa is waiting for you at 5.00..

Days of crazy valuation are over for tech stock. If you still fail to accept this reality, you will lose big money in bear traps. Today is one of those bear traps.

Earnings 9 cents per share. Valuation being normalised to pe20. Tp price half than current price to 1.80.

After 1.80 it will be halved again to 0.90 for pe10 like it used to be for decades before the pandemic. It will suffer the same fate as the once bubbly glove stocks.

Sell/stay away!

Market rule of thumb. Yesterday big drop. Today sideways, no rebound. Another big drop coming monday or tuesday. Make or lose, sell today sideways b4 another big drop.

Dont make a rookie's mistake arr.
Dont buy during a drop hoping for a rebound.
You wait for a rebound to start n buy in the midst of it.
Bcause this can go down, down n down..

Earnings 4 cents per share.
Tp 30pe = 1.20 below ipo price.
Supermarkets are full of ffb milk bcause people are not buying.

Sell !

Dont get fuked by the same conman twice at the same place, on the same road....stay away.. TP 4.50

Told u dy. You bought at 0.08 you wud lose half yr money bcause it wud return to square 1 at 0.035/0.04.

Billions losses, billions debt. Just a matter of time tutup kedai.

Support broken days ago as i told u.
I repeat: 1.40 was the lowest point in 2019 before covid. A clean break below 1.40 is DEADLY as it will sink n sink until your jaw drops. My tp 0.70 the next 12 months.

Told u dy.
It was a con job to distribute shares yesterday.

Thosands buy n sell orders gone. Tawke already packed up n left.
As more n more people exit to cut loss, price will fall. The earlier you head for the door the better.

Whatever you do, make or lose, get out by 4.43 pm. Bcause after this out of the blue CON JOB, it will return to 4.50 baseline.

OLD BATTLESHIP Dayang.
No power. Too old.

They pump petron (small float - much easier to pump) to lure you into HY in order for them to get out. Its their ESCAPE PLAN. You go in, you kena.

I am out of here for now. See you later at 5.00 thereabout.

LEFT POCKET selling 1,000 lots to right pocket at 5.20. RIGHT POCKET bought 600 lots. RETAIL EDYOTTS bought balance 400 lots. Right left pocket gang nett sold 400 lots.

Then they do the same at 5.23.

Once they hv sold their shares, price will drop leaving you high n dry.

Stay away!

Conmen in trouble.
Desperate conmen resorting to push up petron in order to get out of HY.
But market is not biting the trick.

Normal lar in this bolehland market.
First clear the sellers, then they sparing left pocket to right pocket slowly2 distributing. Once done, they quietly leave and latecomers left holding the bag. Price then falls n those kena con start cutting losses n lose money. The same modus operandii again n again.

I no buy, haram ma...casino operator ma..

THE ART OF STOCK MANIPULATION

I know la whats going on. Now i spell it out for you.

Friday, operator bought. Monday, operator continue to buy and pushed it up 6.30++ to 6.70 anticipating confidently that qr to be released that evening wud be very2 good n wanted to push n goreng it sky high the next day.

Unfortunately, the results was bad causing at 70 cent gap down at open yesterday.

Instead of letting go his shares at some losses, this operator doubled down by mopping more shares at 6.00 to 6.25, i.e. averaging down.

Unfortunately again, broad market sentiment has turned quiet and negative with markedly lower volume across the board.

So now this operator ended up with many ugly babies unable to con people and sell them away. (Stucked holding a lot of shares in a quiet market)

His average cost i believe is around 6.30++

20 cents ka
What happened to 4.00?? He he..
Told u dy, dont buy even at 1.00 bcause when bubble pops, they always go back to square 1.

How many lost underwear?

Now at square 1, dont waste yr time. Bcause it will move sideways FOREVER..

Tutup kedai lar. Lets get it over quickly, rather be an eyesore n a nuisance in malaysia corporate scene...

Tutup kedai lar.
Cheating time, making so much money.
No cheating time, debt cannot pay.
Bankers circling it like a pack of wolves want to tutup kedai and get whatever they can get from lock, stock and barrel.

Desperado, why dont you come to your senses...

How to manipulate when company performance is lousy?

Infact they didnt make 47mil profit, they ACTUALLY LOST 63mil due to 110mil hedging losses.

Fundamentals will catch up with it. It will tank any moment without warning.

Jeng, jeng jeng...
DOUBLE WHAMMY today.
First whammy, window dressing buying above market price yesterday.
2nd whammy, oil dropped fr 120 to 116 overnight.
See you at 1.14...

Once in a blue moon, got stupeeeed fund comes to hand out free money at market close.

They do that on a handful of stocks today like cimb, maxis, maybank etc. And hibiscus is one of them. Lucky you!

When you see these huge volume come to buy few bids above market price between 4.45 and 4.50 pm, you quickly key in way below asking price to make sure you get this free money at 4.50 pm. Bcause the next day price will open gap down to the 4.45 pm last done price.

I hv tasted these free money quite a number of times before. It came out of the blue, without warning, between 4.45 to 4.50 pm.

Today is the LAST DAY YOU CAN SELL ABOVE 6.00. You wont see 6.00 again for another 3 yrs.

People will run towards EXIT DOOR going into a close today n price will move towards 6.00.

RUN EARLY NOW and save yrself 20 cent a piece today and 50 - 70 cents a piece tomolo. Total savings 70 - 90 cents.

Clearly its COMING DOWN..

EU halfbaked sanction against russian oil.

Oil hit 120 and quickly came down.

If u bought 1.35, you should sell back at 1.35 n lose on brokerage.

If not, you will lose 20 cents a piece bcause its coming down to 1.14.