Hold tightly. Yesterday morning before moving upwards, some selling pressure due to fear factor thinking the downtrend possibly reaching ten cents. It was traded -39% selling pressure. By eleven o'clock buying support momentarily increase to +63% and touching 17.5cts with minor profit taking. It was well supported at 16.5cts.After lunch break though testing to knock down hard with sudden big volume to frighten buyers for a short period, it was against the selling pressure and well supported many sold off before 4.30pm.just before pairing, most of the prices at 17.5cts were taken up the last second before market close. Buying support was +83% by the time market close. For today what is expected? Many rush to buy hoping to recover, profit taking confident soon after egm become more expensive to buy with expecting good news Big surprise everyone trying not to miss out the opportunity. Good luck to all of you, just watching if fear is in you.
Sure in favor no doubt about it for their interest to push all the cheap prices in their hands, we can't fight them just a follower and content with your target
Typically same pattern as yesterday, I can tell how it move 17.5-18cts b4break for lunch, after that push one bid to frighten holder and those undecided to pick up t+3,4.40pm collect again and close a bit higher for Monday bull
so much volume at 16.5c. i am sure many buy back at this level and ready to cut if whack below 15.5. i hope bought in can gain but i dont really look good at it.
the bankers still got tickets to dispose, they will do it in style so that those hopeful retailers will keep buying. some aim for opportunity to have techincal rebound, and some just want to average down.
Nothing is mentioned trive property development allocated with funds budget 2018, mention earlier various projects mou? MRCB, WCT, Suncon, already declared undertaking. If that's what is going to be what's the purpose of rights and bonus issue? Just to enrich the board of directors and the team of management group? Will rights issue and bonus issue welcome with great news? Many are disappointed if nothing is allocated. MRCB move upwards from 92cts to 1.04 proven worth the effort.
Sumatec going to die every 4lots become one lot same old style create right issues to buy over markmore belonging to owner of sumatec TS Halim Saad. Sure suffer more as how it started with Kazakhstan oil and gas. Nothing much to look forward just be extra careful many got burnt badly
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....
Risk Trader
3,942 posts
Posted by Risk Trader > 2017-10-26 22:46 | Report Abuse
Tomorrow still bullish....TP 0.20 cent before EGM start