The transaction today so far, is considered so little compared to the transaction vol of 315 millions shares yesterday. Yes, the support @RM0.095 is strong. Will the sellers start selling this afternoon? I will consider to buy some if the support is still strong by 4:30pm.
Someone will have to roll over the transacted vol of (RM0.075 - RM0.105) today and tomorrow. The average price to roll over asumming it to be RM0.09. This is just my assumption.
Does T7GLOBAL own or have any relationship with Ekuinas that owns ORKIM?
If yes then its price will move up as well for this deal?
“ EKUITI Nasional Bhd’s (Ekuinas) sale of its shipping unit Orkim Sdn Bhd is understood to have come down to a two-horse race between one party led by Sarawak-based Hubline Bhd (KL:HUBLINE) and another by privately held Powertium Marine Sdn Bhd. “
Someone was buying last thursday (315 million shares total transacted) for longer term. It means it could be pushing the share price much higher than RM0.1
After the huge transacted vol of 315 millions shares, followed by 80+ and 70+ millions shares transacted. It is quite clear that more upside is expected.
Don't count the chick before it is hatched. Keep monitoring the movement of share price. You can always take profit and re-enter when you are comfortable.. Though it looks like the selling pressure is very minimum at this level of share price.
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sangjero
659 posts
Posted by sangjero > 2024-07-19 09:39 | Report Abuse
HUBLINE SHOULD BE PLAYING BETWEEN 0.11 TO 0.32
ANY CHARTIST HERE???