But Insas still under selling pressure from selling of pledged shares. This is why big buyer is not aggressively buying. If you try to play contra you might get killed.
I'm very disappointed with Insas. I have held about 9 months and only see a 25% gain at today's price. I bought Kenanga in January at 46 sen and in two months I am looking at a 25% gain.
@trader8899, I think you are referencing to Inari. Good observation. All promotion of Insas welcome, but buy/sell on own risk. Strong close for Insas today, hope stronger tomorrow..
Good morning guys! Yesterday volume confirmed the start of an uptrend. If this pattern continues today most likely Insas will be closing in near 52-week high of 88.5sen. Ride with the trend. Opening Bell is very important to determine if indeed big hands are working on this stock after a good run on Inari. Good Luck. Trade at your own risk!
Cheaper to buy Inari thru Insas. Market Capitalization of Inari 3838 mio. Insas owns around 20% of Inari stocks. that's 767 mio. What is the market capitalization of Insas? check it yourself.
After 30 minutes of trading, supply of Insas shares are quite limited. We will see more resistance at 88 sen range. No Big hands are in play yet based on the ticker reading. Smart money are accumulating slowly.
Smart money are controlling the price at 86 sen and buying que at small volume to avoid exposure. If bigger volume is noted at 3 pm today then it is confirmed smart money is accumulating the shares.
Additional to inari share price uptrend, insas this quarter result should be good due to heavy trading volume in klse, n one of insas main income is from its securities firm...
Two big candles for 2 days without overlapping one another signalling a strong momentum supported by strong volume. Taking a bigger picture from Nov 2015 it is a cup and handle formation. Although it is a strong volume we still cannot tell if the buyers are institutional or retail investors as the tickers tape showed a small execution in every minute of trade. Next week if the price is gaping up at the opening bell then we can confirm that these are big hands in play. Join the ride. Trade at your own risk!
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trader8899
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Posted by trader8899 > 2017-03-08 16:40 | Report Abuse
Insas lagging indicator. Mirror Inari uptrend and Insas should be 90 sen by now. Time to collect more before she realigned herself.