May be going down and stabilize if the sellers are coming in. If there is little sellers, the only way is up further and find either the buyers or sellers that will determine the direction of the share price.
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.
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 2904 views | 2 d ago
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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!
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Firefighter
73 posts
Posted by Firefighter > 1 month ago | Report Abuse
DOWN, DOWN, DOWN !!!!