@chua Joe Beng, one of bjcorp boy is inside, wait him sold all first. He only disposed 45m. Now everybody worry IRIS become like Bjcorp. Maybe diversify first
Hopefully, at least it can reach 45cents to form triple top pattern, if break, then the potential is bigger... High possibility that it will play within 36-45cents range, i'm not worry the price play within that range (40cents will surely break soon, just wait) because with current catalyst shark will start collect back..... Just my 2 cents... Hehe....
nothing wrong with IRIS company, it surely will up in future. but at this juncture, i think hard because of bjcorp boy..very sure. Sorry guy, not to demotivate, but that is the reality when a personnel is arrogant and refuse to change, similar like he handling bjcorp.
Currently, based on transaction pattern, shark is collecting at 37.5cents... They want to remove the shaky retailer so that they can push higher and easier....
Bear in mind that their can collect in both way; through sell queue or buy queue.... Only they will collect big volume on the buyer side during price drop, once they finish collect they will push at seller side... Time will tell, be patient....
If u can see the transaction now, u can see professional trader is "figthing" with the shark but no respond from shark at current price @ 37.5cents... That's mean that is the price shark want to collect.... But also bear in mind that when shark not getting enough shares they also like to create the "spring" pressure to put higher pressure to retailer at current collect price or lower price than support (temporarily break support).... You can read and validate it through the transaction data together with chart..
It's not donate but more to "changing hand", every listed company have their own market mover to "draw" the chart and make money for their directors...
I thought today forced selling will wipe up all the 115 millions shares queue to buy at 0.16, but it is surprising that 91 millions shares still queue to buy at 0.16 and no more sellers have such big number of AT shares to throw, what a shame to the reputation of the great sellers who have promised to bring down the AT shares prices to 0.09 to 0.10, or it is only empty talking from the so called guru sellers..
It was surprising that yesterday buyers holding strong to Iris shares and today new buyers emerged to buy at bargaining price of 0.37 to 0.375, good luck to these strong supporters of Iris, always buy on weakness and sell for high returns.. Happy CNY.. to all Iris share holders..
My guess : company may need to raise fund to finance this huge project. Not surprised if company wants to do a share placement exercise. Share price will normally rise prior to the exercise. But that's just my guess. I'm holding on to my tickets. :)
Let it going up in wave pattern rather than straight up, but if price drop again and validate by strong volume then just follow our own trading plan.... We take profit when target achieve, we cut loss when actual situation not follow our own plan....
Due to sudden change in sentiment and increase in volume pull back IRIS in trend but it is consolidating at movement not showing movement as expected which cause stuck of capital in market for further information like target price , stop loss and other query text me over telegram @BursaExpert00
After i voice out lack of vol in IRIS, suddenly operator wakes up... good la... but if just an eye washing show... no point la... DNEX made real deal for traders..
Stop looking (with intention to buy) at other stocks when you already in this stock unless you have extra capital... Be patient... Just stick to your own strategy and plan...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Survivor13
710 posts
Posted by Survivor13 > 2021-02-10 14:20 | Report Abuse
@chua Joe Beng, one of bjcorp boy is inside, wait him sold all first. He only disposed 45m. Now everybody worry IRIS become like Bjcorp. Maybe diversify first