It is usual for some big players to push the price down for bulk purchase at a lower price before allowing it to go up again..., smart money at play here ..,these are traps for day traders ....
Friday night American market down. Malaysia is always subsequent session follow only. Hence down. Nothing to do with fundamentals. Iran general got killed so some rubbish. Check 1998 same thing. Clinton impeached, yen up, bombs Iraq, then stocks drop cause nervous from bombing then rallied hard. Now same pattern, trump impeached, yen up, bombs Iran, stocks drop cause nervous then will rally hard probably after weds. Malaysia market will follow blindly.
CPO stocks (i. e. CPO supply inventories, not CPO counters listed on Bursa, for those who sometimes tend to get easily confused) may plunge to lowest level in over two years
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Posted by Tanhboon > 2020-01-06 13:32 | Report Abuse
It is usual for some big players to push the price down for bulk purchase at a lower price before allowing it to go up again..., smart money at play here ..,these are traps for day traders ....