Seemed to be in consolidation stage as there is lack of strong inflow funds, although trends showed plenty support of bankers in the stock. Meaning, price should hold up well. These few days should be a good entry point to collect shares until the next buy point appears before price can move. Happy Investing!
Pursuant to Rule 14.09 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, OCNCASH had on 11 July 2017 received notification from Lor Seng Thee, an Alternate Director of OCNCASH, in relation to the transfer of shares outside closed period by his father, Lo Pong Kiat @ Lor Hong Ling, details of which is set out in the table below.
not yet in complete H&S. but the price movement now is heading towards that direction. we see how the price to be developed in this week. if break another low then really no good.
Yesterday trends anslysis showed continued outflows fund from the stock, although there are still bankers presence, which was below 50%. Seemed that selling is still ongoing in these few days and there may be pressure on its price. This may present more entry opportunity to accumulate, but do stay away from trading if you feel uncomfortable. As long as its fundamental is intact, every downtrend is a golden opportunity, just like Penta.
i agree that fund is selling. so better dont buy in now even it is for investment. investment should buy at low instead of buying at every price. this time most probably will break below 70c. if major correction the price can go back to 50-60c range.
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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....
Stefan Lam
302 posts
Posted by Stefan Lam > 2017-07-06 15:58 | Report Abuse
bond lim sold?