paktua agree with dawneagle views.. we have own methods to apply..
baby shark.. yaaloo price down we canot control.. but.. we can control our emotion.. not to influenced by own emotions.. remember.. most of we lost due we follow the bad emotional not by trend rally..
hunter8888@Pak tua follow me.i will give u super stock.. 18/12/2019 1:38 PM =================== thanks hunter8888.. paktua gila oldman always pick gila stock only.. theee theee
now many take profit (many here was holders below 0.25) year end..holidays season tax declare hunt..margin need to reduced.. that why paktua set until cny 2020 to knm back above 0.40 after qr released we will know solid direction.. if follow kyy golden rule knm still intact on good growths..
When it was above 0.4x, ppl thought it will continue up, so it was not sold and hold until today. When it is at 0.305, ppl think it may drop further, so panic sell and hope to buy back later. I agreed with Paktua that own emotion need to be controlled to avoid wrong decision made. The biggest issue for most ppl is greedy. I would suggest those have not yet buy KNM to wait for the base formed then only enter. At this junction whether IDSS will press down the price day to day to < 0.295 nobody knows. I believe sharks had sold all when it was > 0.4x when ppl chasing high, and all the way from 0.4x to 0.3x it was IDSS short selling to make daily short term profit with no strong support to hold the price. Technically the price had fell far below MA 50 (0.405) & MA 90 (0.395), the next support is MA 200 at 0.295. If the price able to support at this level and form a solid base, then a rebound is possible, else, it may end with waterfall if price being press down below 0.295 by IDSS.
7164 KNM KNM GROUP BHD Additional Listing Announcement /Subdivision of Shares
1. Details of corporate proposalWhether the corporate proposal involves the issuance of new type and new classof securities? NTypes of corporate proposal : ESOSDetails of corporate proposal : EMPLOYEES' SHARE OPTION SCHEMENo. of shares issued under this corporate proposal : 12,473,100Issue price per share ($$) : 0.1100Par Value ($$) (if applicable) : 0.000Latest issued share capital after the above corporate proposalIn the followingUnits : 2,631,414,555Issued Share Capital ($$) : Malaysian Ringgit (MYR) 1,169,824,108.740Listing Date : 19/12/2019Remarks:You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com
1. The rally from the lows of 7c was the turnaround story. From years of -ve to +ve earnings.
2. Follow through rally due to 2nd consecutive Q of +ve earnings
3. 3rd consecutive Q of earnings continue to be +ve but not showing earnings expansion ie below market expectations. Therefore sell.
4. Will continue to sell until those who wanna take profit are done selling. When will this end? Anyone's guess. 200-day SMA is 29c. But who knows, 30-30.5c could be the so-called psychological support.
5. Contract wins have been small. Cash cows hasn't translated to earnings expansion.
6. If many bought below 20c, then many are taking profits off the table. Especially now that the chart looks horrible. The more it falls the more people wanna secure profits and sell.
7. The TA guys will tell you that a falling share price on increasing volumes is never a good sign.
================== Posted by Mabel > Dec 18, 2019 1:43 PM | Report Abuse
BTW
Does anyone knows what the lowest it can go this round?
Looks like it has dropped so much...
3 consecutive quarters profits Lots of contracts wins Lots of cash cow.
Still going down..
Surely Sharks also wants to make money. What's their motivation to bring the price down?
Buy at 305-330sen ...definitely want to earn RM 0.10 ..so at 40-42sen..then people who buy at 40-42sen..definitely hope it goes up to 50-52sen..But with current market situation, WHO want to buy at 40-52sen and above.? So better wait at 19sen-29sen. So at least Chinese New Rally it will be around 30-40sen..kekekekeekk....
Already told you guys many times. LEE will not make you earn money untill his pocket is full. He is not a good person but a very good business man. So dont be suprised. Enjoy the rollercoaster ride for those who stong heart. Weak heart, stay away or die...
wait for a morning star candlestick signal then only enter. rush to buy during downtrend due to daily short selling (today's short selling about RM 4.5 mil, at average price of RM 0.3189) may catch opps of low price before rebound, it may also fall into uncertainty of whether waterfall will be the next instead of rebound. reference to the candle chart for the buying signal (while may not able to buy at the lowest price when a morning star candlestick form the base), but it is at least minimize the risk.
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....
Chris599
94 posts
Posted by Chris599 > 2019-12-18 13:29 | Report Abuse
az60 Some please...for the past few weeks this counter keep dropping....support price..?
No support price, will continue drop again