It's contradict with my 16 Jan 2020 forecast ;Please read Technical View - Sealink International Bhd (SEALINK, 5145) Author: rakutentrade | Publish date: Mon, 10 Feb 2020, 12:06 PM
Sealink International Bhd (5145) • SEALINK closed 4.5% or 3 sen higher to RM0.69 last Friday.
• Technically speaking, share price remains bullish with its up-trend channel as it is trading above all key moving averages. Based on the strong buying momentum share price is likely to break new high possibly heading towards the RM0.80 level.
• From here, resistance levels are expected at RM0.74 (R1) and further to RM0.80 (R2).
• Conversely, downside support levels are expected at RM0.60 (S1) and RM0.50 (S2).
This can be a strategy by the syndicates to sell down and let other share holders to lose money. SC and bursa must investigate and give a satisfactory explanation. Is this consider a form of share market manipulation?
The SC should investigate and find out whether there are any elements of insider trading or stock manipulation if someone were to make a complaint to the SC. This is also UMA.
big up without basis comes with big down. up because dato awang bought the share cannot justify that the company will make profit. there is only possibility that it will be awarded with contract.
Todsy once support at 40 broken could go to 35. At 40 there w be some support but could be broken ! Hopefully no one trao here . Rather make sure deal is on before reentering . If deal is off .40 Sen also too expensive . Just a view.
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 289 views | 1 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11474 views | 10 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
thesteward
6,781 posts
Posted by thesteward > 2020-02-12 19:52 | Report Abuse
Maybe going back where it comes from