The_Reds Risking to be proven wrong, a study of trading patterns yesterday indicated a possible tendency. The morning session serves the purpose of "detoxification" to lure sellers to buy cheap, to trigger traders' panic psychology to disrupt judgment, to filter small profiteers, etc.
Very quiet last evening. The scenario for the day trading. The FBM KLCI fell 5.14 points or 0.3% and lower crude oil prices hit Bursa Malaysia oil and gas-related shares.
At 5pm, the KLCI closed at 1,775.57 points.
Tenaga shares fell after the state-controlled utility said the Employees Provident Fund and Permodalan Nasional Bhd cut their respective stakes in Tenaga.
On the broader market, analysts said investors could be taking profit across Bursa Malaysia ahead of the Hari Raya Aidilfitri holidays starting this Sunday (June 25).
Even though market sentiment cut across the board, Alcom's closing at 1.96 with the day high 2.02 was still decent and firm.
Good morning yuanlong57 n LPTan68. Good morning to all "ALCOMATES". B4 I start off with my comment here's a meaning for the word "patience" that I hope all mates in this forum here will digest and have it engraved to your mind always if u r going to b in the business of investing. "Patience means the WILLINGNESS to STAY where we are and live the situation out to the FULL in the belief that something we believe in WILL MANIFEST itself to us." Ok. Now my take on the trend yesterday. Was a day of flushing out the weak holders. As in all stocks the
Sorry. Continue from where I left off. As with all stocks there will b all kinds of players. Yesterday was a day of flushing out the speculators . Not to worry though if u r a true investor. The UPTREND IS STILL V MUCH INTACT. Just filter out those noises n concentrate on what u can see n smell on what's on the table. Volume has also shrunk in tandem with a lowering in price. What is that telling us? Hint ...hint. IF u see further retracement (mayb during the course of today's trade) it will b a good opportunity to stock up on your portfolio. AGM/EGM will b on 2day. Whatever menu that is on the table will b passed without any obstacles as the major shareholder is already holding abt 60%. So the votings for div and cash repayment is a NON ISSUE. So no need to worry abt outcomes of the meetings! As 4 today's trade I forsee it may trade sideways which will b a good opportunity to stock up which I mentioned earlier. All technical indicators r still v much on the UPSIDE N STILL SHOWING V V BULLISH SIGNAL. Comments is NOT a recommendation to buy or sell. Use the info only as u see fit. Good luck to all ALCOMATES.
Jefflim1234, "Patience means the WILLINGNESS to STAY where we are and live the situation out to the FULL in the belief that something we believe in WILL MANIFEST itself to us." The Hokkien and Cantonese people have one common phrase for that. [ PAK SI BO CHAU ] [TA SEI PART ZHAO ] 打死不走
It's all written on the wall. AGM & EGM are matters of formality only. The top 10 shareholders holdings percentage will ensure an affirmative approval.
Summary of business done and in progress this morning. Time : 11.33 a.m. 1.990 Buy 223 (58.68%) Sell 157 (41.32%) 1.980 Buy 130 (42.76%) Sell 174 (57.24%) 1.970 Buy 220 (40.00%) Sell 330 (60.00%) Statistics don't lie. They are digital indications which may provide guiding wisdom in our investing decisions. Disclaimer - No responsibility of liability will be borne for any losses incurred as a result of using the data provided.
zoomsbooms, 1.990 has found strong demand support judging from 58.68% buyers against 41.32% willing sellers. Just an unsubstantiated view, I venture that 3 price levels (once cleared) may be replaced by higher price levels with support line at 1.990.
[ Just an unsubstantiated view, I venture that 3 price levels (once cleared) may be replaced by higher price levels with support line at 1.990.] This would probably be reflected in the afternoon session. However, if celebrative and festive sentiment predominates, then there's another story.
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....
yuanlong57
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Posted by yuanlong57 > 2017-06-21 10:46 | Report Abuse
Price levels 2.00 & above
2.02 BUY 100 (57.14%) SELL 75 (42.86%)
2.01 BUY 90 (29.90%) SELL 211 (70.10%)
2.00 BUY 29 (12.61%) SELL 201 (87.39%)