Posted by oskchoon > 2021-02-09 09:14 | Report Abuse

MACD is negative but ADX still positive, depends on the strong support at 0.36, a reversal trend could be formed, buy on weakness and wait for t...

Posted by gelong > 2021-02-09 09:31 | Report Abuse

Wait 7 years

Posted by damansaraeagle > 2021-02-09 09:52 | Report Abuse

gelong, difficult to say. My EG took them so fast to uptrend , when they defeated IRIS in 2007 last time. Heitech Padu, worst, one day suddenly LIMIT UP and queried by Bursa, but of course, no fine no nothing. So let us see what IRIS has.

Posted by Donator > 2021-02-09 11:24 | Report Abuse

where my limit up?

Posted by foreverliving > 2021-02-09 11:36 | Report Abuse

NIIS project is a very complex project and is not profitable. best of luck to those who hold iris shares.

Posted by lee_m2020 > 2021-02-09 11:36 | Report Abuse

IRIS needs other partners to deliver the project : https://www.theedgemarkets.com/article/niis-seen-game-changer-iris

IRIS Boss!, pls deal with SMETRIC to use the latter's Privy ID and Centagate Technology!!!!
09/02/2021 11:33 AM

Posted by zhm540 > 2021-02-09 11:46 | Report Abuse

IRIS is set to rebound....just hold and watch....take your position now.... 36s is support

Posted by lotuseater > 2021-02-09 11:54 | Report Abuse

@forever living.. how do you know it is not profitable? Pls provide some facts before making baseless statements.

Posted by swagger855 > 2021-02-09 11:57 | Report Abuse

Let me show from my perspective on how overpriced iris is.

Kenanga market cap -- 1.2 B
Iris market cap -- 1.1 B


1 making consistent and increasing revenue each year while the other one is making less than 200m in revenue each year with minor profits and losses

u still wanna buy overpriced iris? Robin tan has already disposed iris shares.

Rm1.1 b niis is not a lot for iris.

Posted by swagger855 > 2021-02-09 11:57 | Report Abuse

I dont own kenanga, just showing this counter is rubbish lol

Posted by stopbombing > 2021-02-09 12:13 | Report Abuse

ooi!! who said this week will rebound one, almost red ei

Posted by lotuseater > 2021-02-09 12:16 | Report Abuse

@swagger855.. if that's the case, why are u still in this forum? Why are you still interested in this stock?

Posted by swagger855 > 2021-02-09 12:36 | Report Abuse

Why r u assuming i m interested in this stock? This stock has been on the top active list for a long time, so that is what caught my attention. I just knew iris has won the contract but didnt move much, instead it went down. Niis contract has already been priced in before the annoucement. With a contract that spans over 5 years and by using discounting cash flows, there's not a lot of profit to be made in this contract. And it's also a one off.

Posted by lee_m2020 > 2021-02-09 12:36 | Report Abuse

IRIS is still hopeless IRIS was under Shorting attack yesterday worth 3,624,200 shares. In comparison, TOPGLOV was shorted yesterday 248,659,767

-------------------------------

lee_m2020 3,624,200 shares under Shorting last Friday...

In comparison to Topglove Shorting worth 244,265,467 shares
08/02/2021 1:47 PM

Posted by lee_m2020 > 2021-02-09 12:38 | Report Abuse

Just observe when this Shorting over...

Posted by oskchoon > 2021-02-09 12:42 | Report Abuse

Short Sellers hope to buy Iris at very low prices by shorting but ADX is still positive, it means that very strong support at 0.355,moreover trading volumes is small, it means that the sellers do not have enough tickets to push it below 0.35..

Posted by oskchoon > 2021-02-09 12:44 | Report Abuse

Once their short selling contract is due next week, the short sellers must covered their position by borrowing the Iris shares from the brokers...

Posted by gelong > 2021-02-09 12:46 | Report Abuse

Makan nasik goreng dulu..lepaih tu baru buang

Posted by lee_m2020 > 2021-02-09 12:51 | Report Abuse

You will get ADX is high because high trade activities and the +DI is higher than stagnant -DI if Shorter sell n buy + retailers insufficient enough to defeat the Shorting ... either the price lower, stagnant or hardly move..

Posted by damansaraeagle > 2021-02-09 12:54 | Report Abuse

20 million was sold to buyer at 0.365 Only advantage Iris is not idds counter only short. Is not easy for the institutional too. One of them will go bunk.

Posted by damansaraeagle > 2021-02-09 12:55 | Report Abuse

Yes oskchoon, you are right, when this guys SS script due next week, the SS must covered their position by borrowing the Iris shares from the brokers. Let see whether the Brokers would want it to be at 36

Posted by oskchoon > 2021-02-09 12:56 | Report Abuse

Since MyEG, Sciscom, HT Padu, Datasonic, ANCOMLB, Dnex didn't get a piece of NIIS contract, I suspect these IT companies are quietly buying up the Iris shares at cheap prices to have a share holding in Iris especially MyEG and S5 company or others as Iris have proven a reliable IT company to get big local and overseas contracts...

Posted by oskchoon > 2021-02-09 12:58 | Report Abuse

That's why they do shorting contract to bring down Iris prices to buy at lower prices for their investment in Iris.. Beware.. Beware..

Posted by oskchoon > 2021-02-09 13:00 | Report Abuse

They also eventually the NIIS maintenance contract will be given to Iris once it's initial NIIS systems are successfully launch by Iris

Posted by oskchoon > 2021-02-09 13:01 | Report Abuse

Another billions NIIS maintenance contract is awaiting..

Posted by kancil850 > 2021-02-09 13:17 | Report Abuse

New traders are congregating at dnex today, may be.

Posted by Danielrose > 2021-02-09 14:47 | Report Abuse

Dnex to Iris?

Posted by hisaishi > 2021-02-09 14:48 | Report Abuse

what happen

Posted by flydelta > 2021-02-09 14:54 | Report Abuse

hungry.....

Posted by Danielrose > 2021-02-09 14:55 | Report Abuse

panic buy

Posted by oskchoon > 2021-02-09 14:57 | Report Abuse

Many IT companies are buying up Iris shares to share the profits and hopefully will be a strategy partnership with Iris...

Posted by oskchoon > 2021-02-09 14:59 | Report Abuse

When these IT companies are the share holders of Iris, they can join venture or strategy partnership with Iris, it is a win win situation...

Posted by Weng333 > 2021-02-09 15:00 | Report Abuse

Mali la Mali.... RM0.385....

Posted by hisaishi > 2021-02-09 15:04 | Report Abuse

iris panas la..dnex top this week... kasi potonngg

Posted by SyedMTaufik > 2021-02-09 15:04 | Report Abuse

tudia tudiaaa....rockeetttt ...jom fly p bulan

Posted by oskchoon > 2021-02-09 15:06 | Report Abuse

MyEG and ANCOMLB, S5 all are interested in becoming partnership with Iris due to NIIS phase 2 maintenance billions

Posted by Investgaogao > 2021-02-09 15:06 | Report Abuse

Ok... Bullish candastic forming... Good sign for mid term uptrend

Posted by oskchoon > 2021-02-09 15:07 | Report Abuse

The best way is to owned Iris shares and becoming substantial share holder of Iris..

Posted by SyedMTaufik > 2021-02-09 15:08 | Report Abuse

rm0.390

Posted by Weng333 > 2021-02-09 15:09 | Report Abuse

RM0.39 dah...

Posted by oskchoon > 2021-02-09 15:10 | Report Abuse

It is cheaper to buy in the open market than big block of shares which may have to pay RM 0.60 a share..

Posted by Weng333 > 2021-02-09 15:10 | Report Abuse

Private Placement completed???

Posted by oskchoon > 2021-02-09 15:11 | Report Abuse

At the price of 0.385, it is P/E of 2 for the earning of 2021, which is the cheapest in the IT industry..

Posted by pang72 > 2021-02-09 15:13 | Report Abuse

Iris round 2 mari!!

Posted by lucrative > 2021-02-09 15:14 | Report Abuse

Ini kali lah !

Posted by Weng333 > 2021-02-09 15:14 | Report Abuse

If competitors starts buying in to Iris.....

Posted by oskchoon > 2021-02-09 15:15 | Report Abuse

Both MACD and ADX are positive and it will be uptrend if Iris price stay above 0.385 today, it will be bullish trend if it crosses 0.405 today..

Posted by Investgaogao > 2021-02-09 15:17 | Report Abuse

The power of inverted hammer!!! THANKS THOR!!

Posted by oskchoon > 2021-02-09 15:17 | Report Abuse

Early birds get the worms, so smart investors or Any IT bosses who bought Iris shares at 0.365 are the lucky lots...

Posted by kancil850 > 2021-02-09 15:18 | Report Abuse

golden cross suda nampak. rocket up to the moon iris!