From the 5 years price and volume chart it looks like distribution of shares by big holders, instead of accumulation. These big holders actually have accumulated a lot at a range of 0.20 to 0.90 from early to end 2020. There are also other concerns like big amount of diluted shares + warrants, and whether the recent financial results is sustainable. Beware of share price going to 1.60-1.70 region before consolidating.
The fund manager press the price to buy cheap. It’s ok let he do his work. We just monitor. Kpower is not only do solar. But logistic. Properties. Healthcare
When it went up, it's the most powerful stock. when it comes down it is hopeless. Do you know behind the stock is a company which is generating more and more revenue every quarter? Just wait for the right time to enter la. Don't just simply say it's hopeless. Or maybe you should be educating yourself to be better at trading/investing.
Not sure until what price will big holders sell and distribute their holdings. From the price and volume action of last year until now I think big holders have sold about 60% of their buying from last year. Normally they will keep 20% before buy and push up again. So they still have 20% to sell and this last 20% will normally cause price to drop more than earlier distribution as lesser volume means lesser small players are there to catch their distribution. So I expect them to continue distribute to small players until 1.40 before started to buy again below that price. Before that can expect consolidation and then some rebound around 1.60.
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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....
greencode
1,692 posts
Posted by greencode > 2021-03-02 16:31 | Report Abuse
Hahah who buy so big