Posted by Alfred Gycepea > 2014-03-25 23:46 | Report Abuse

Since our technical buy recommendation last month (7 Feb @ 20.5 sen), MMSV has rallied to a high of 27 sen (+32%) before settling at 26 sen (+27%) yesterday. While the share price has indeed reached our former 27 sen “Falling Wedge” target price, we believe that taking profit now may be premature given the still bullish technical outlook. In particular, the buying volume has reached a two and a half year high with all three key momentum indicators also hooking upwards into a bullish territory. Chances are that the MMSV would extend its gains for a few more days. Hence, we suggest that traders aim towards a higher target price of 33.5 sen (3 bids below 35 sen resistance). At the same time, the previous stop-loss of 16.5 sen should also be adjusted higher to 22 sen (also 3 bids below 23.5 sen support). 

Source: Kenanga

Posted by rocketjet > 2014-03-27 10:56 | Report Abuse

Will touch 0.30 anytime..

Posted by rocketjet > 2014-03-27 16:47 | Report Abuse

Yesss....

Posted by Ameera > 2014-03-27 19:19 | Report Abuse

@rocketjet...I m still holding...:):) waiting to 0.30...

Posted by Stevecheahsw > 2014-03-27 19:21 | Report Abuse

Really is uptrend, Bull coming, tomorrow reach 0.30 enough

Posted by rocketjet > 2014-03-27 19:48 | Report Abuse

Now got somebody reply. If not I'm the only 1 still IN. @Ameera, so quiet tot you dump already. Good you still hold. Worth it or not?

Posted by Ameera > 2014-03-27 20:36 | Report Abuse

@rocketjet... I m silent reader... Ha3... YES.... worth, I had been reading every of your replied....Next lets target to 0.30....TQ for sharing!

Posted by therealslimshady > 2014-03-27 22:46 | Report Abuse

good counter ! bought it . haha

Posted by shiping > 2014-03-27 23:14 | Report Abuse

I add some tomorrow. Tp40sen with pe 10

Posted by eu7985 > 2014-03-31 12:45 | Report Abuse

Bought jz now 0.27...

Posted by eu7985 > 2014-03-31 17:26 | Report Abuse

Unable to buy 0.265 to avg down, no more $ d, ai...

Posted by Stevecheahsw > 2014-03-31 19:00 | Report Abuse

mtronic throw share in market around 7 million

Posted by Ameera > 2014-03-31 19:57 | Report Abuse

Alamak.... Why throw leh?!

Posted by eu7985 > 2014-03-31 21:32 | Report Abuse

Really alamak liao, 2molo sure fall like hell

Posted by sha7550 > 2014-03-31 22:13 | Report Abuse

dun knw whether wan to hold or sell? any suggestion?

Posted by Hairol Azhar > 2014-04-01 08:59 | Report Abuse

Aduh....what should we do with stock?

Posted by Stevecheahsw > 2014-04-01 09:48 | Report Abuse

Buy buy buy mode

Posted by Stevecheahsw > 2014-04-01 09:48 | Report Abuse

Keep 6 month

Posted by rocketjet > 2014-04-01 09:54 | Report Abuse

T+4 for last thursday high volume. Should be stable in these few days.

Posted by sffn90 > 2014-04-01 10:11 | Report Abuse

7 Mil unit share disposed..lot of big boys got burn... :)

Posted by Stevecheahsw > 2014-04-01 10:35 | Report Abuse

No, is earn engouh for Mtronic

Posted by sffn90 > 2014-04-01 11:38 | Report Abuse

unless you got 7 mil to become the support. stop lure the retailers into a trap.
the earning is only 5 mil maa...
this is how smart money work.
they announce buyback (around ~9 Mil since Dec).
Then they disposed back. (yesterday).
on my calculation. the price will drop back to 0.205
buy at support. my 2cent.

Posted by eu7985 > 2014-04-01 13:40 | Report Abuse

Cut loss d, not confident to hold it this moment

Posted by gerry188 > 2014-04-02 08:14 | Report Abuse

Fundamentals are still good. Just have to wait for Mtronic to resume buying - no reason for us to panic sell.

Posted by sffn90 > 2014-04-02 08:57 | Report Abuse

thats the problem. nobody is panic selling. buyers still dominate seller.
but the price keep dropping. watchout for technical rebound soon.
but to push the price higher. i dont think so.
btw. fyi. the stock FA is bad. b4 nov 2013 this is rubbish stock.
then come SM accumulate from nov 2013. - my2cent

Posted by gerry188 > 2014-04-02 09:07 | Report Abuse

Looking at technicals, support is at 23.5sen. Maybe that's why it is hovering around 24 to 24.5sen

Posted by gerry188 > 2014-04-02 09:09 | Report Abuse

By the way, I am looking at technical retracement. 50dma is at 20.5sen

Posted by Stevecheahsw > 2014-04-02 14:50 | Report Abuse

Sffn90, who is SM?

Posted by gerry188 > 2014-04-02 15:01 | Report Abuse

Buying from 23.5 to 24.5sen. Looks like buyback/accumulation until 26sen after which the operators will again goreng.

Posted by rocketjet > 2014-04-02 15:26 | Report Abuse

The game is not over. Yesterday & today flushing contra player on heavy volume last week. Touched 0.235 support line and bounced. Indicated strong uptrend move again.

Posted by Muhammad Mustaqim > 2014-04-02 16:48 | Report Abuse

it reach 0.255 today..myb can go up higher tomorrow

Posted by rocketjet > 2014-04-02 17:04 | Report Abuse

So sorry for those who cut lost..

Posted by Muhammad Mustaqim > 2014-04-02 17:08 | Report Abuse

luckily i sold just now.. out wit rm 200 profit after buying yesterday.. does not matter if the profit is small or big..better than lost..

Posted by gerry188 > 2014-04-03 08:21 | Report Abuse

Should have temporarily bottomed at 23.5sen. If it can break 27sen with volume, then play is on again.

Posted by gerry188 > 2014-04-03 10:18 | Report Abuse

Big block of sellers at 26sen

Posted by Stevecheahsw > 2014-04-03 11:27 | Report Abuse

Don't worry, 26 cents is con scare people, soon later will fly yo 33cents.

Posted by gerry188 > 2014-04-03 11:35 | Report Abuse

Stevecheahsw - Yes, looks like it. Still a lot of buying at 25 to 25.5sen.

But the collection exercise may take some time before the operator starts the show.

Posted by gerry188 > 2014-04-03 14:50 | Report Abuse

Buy/sell price and volume just sitting there. Appears very undecided - may have to wait another 2 days before the contras over the past 3 days are cleared.

Posted by gerry188 > 2014-04-03 14:56 | Report Abuse

Haha! Slight movement up immediately after my post!!

Posted by gerry188 > 2014-04-03 17:19 | Report Abuse

Closed unchanged at 25.5sen. More accumulation by the operators 2moro!!!!

Posted by Stevecheahsw > 2014-04-03 18:52 | Report Abuse

Haha, Mtronic buy again 4.5 Million share.

Posted by gerry188 > 2014-04-03 20:31 | Report Abuse

Yes, as I highlighted earlier, Metronic has resumed buying. On 1 Apr alone, 4.5mln shares, and very likely yesterday and today.

With all panic sellers and contra kakis out of the equation, we should be seeing a resumption of the uptrend.

Posted by dofazdu8 > 2014-04-07 10:20 | Report Abuse

Wahlao!!! drop some more.

Posted by Ameera > 2014-04-07 20:48 | Report Abuse

I top-up at 0.245 tot a good buy, but today even better buy at 0.225..:( :( :(.... Anyway... HOLD!!!

Posted by dofazdu8 > 2014-04-07 20:52 | Report Abuse

Haish!!! Now get stuck with this counter.

Posted by sffn90 > 2014-04-07 22:13 | Report Abuse

broke the support + gap down = gg

Posted by gerry188 > 2014-04-08 08:22 | Report Abuse

Support is between 23 to 24sen. Positive only if metronic continues buying and it rebounds off 23sen. Otherwise GG

Posted by dofazdu8 > 2014-04-08 16:17 | Report Abuse

Wow!!! Drop again.... to 0.220.... sweating....

Posted by gerry188 > 2014-04-08 22:55 | Report Abuse

dofazdu8 - no need to panic. counter is bottoming and technicals show that a bearish reversal can start as early as tomorrow. Resistance is at and around 26sen

Posted by rocketjet > 2014-04-10 09:53 | Report Abuse

Ready to rebound. Hold on.