More Supply than demand, small volume indicate lack of buying interest. bPum and dump strategy will not work in the near term as most investors feel current price levels have priced in the potential rise in asp. They are waiting for price weakness to enter - may be afternoon price can retrace to level a week or more ago around 3.00 or below due to Friday unloading in anticipation of black Monday NYSE anticlimax after reached super high / unsustainable level, and local political uncertainty - Anwar going to see Agong on obtaining super majority support.
Looks like many are trapped at higher prices and waiting to clear their positions. Buyers are waiting for lower prices to average down their costs. This probably explains the current slow/quiet market.
It has been quite a while since Carepls declare bonus issues. The last time was 24 Jul 2015 with Bonus 1:2. Currently the PE is around 55. It will be good if the company declare bonus issue this year and it will indirectly push up the price of Carepls shares.
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....
strattegist
23,459 posts
Posted by strattegist > 2020-10-08 10:47 | Report Abuse
red