This is a scheme used by securities traders to manipulate the price of a stock ahead of transactions that they wish to execute, creating more advantageous executions for themselves.
Through layering, a trader tries to fool other traders and investors into thinking that significant buying or selling pressure is mounting on a given security, with the intent of causing its price to rise or fall.
RHB Retail Research said Dufu Technology Corp Bhd’s buying momentum may have returned after the stock breached above the downtrend line drawn in the chart.
In a trading stocks note today, the research house said given that it has formed a white candle for the second consecutive day, the positive sentiment has been enhanced.
“A bullish bias may appear above the RM1.37 level, with an exit set below the RM1.29 threshold.
“Towards the upside, the immediate resistance level is seen at RM1.57. This is followed by the RM1.65 level,” it said.
Key words: smart phones, mobile devices,cloud, data centers, e-commerce
From the latest QR: (Dufu)
We expect sales to continue to remain firm in 2017 as our major product is driven by the growth in high-capacity nearline HDDs as well as stabilization of client storage demand. NAND flash memory is likely to face supply constraint throughout 2017 due to the strong growth in demand for smart phones and other mobile devices, and therefore may also affect SSD supply.
The long-term future of HDDs are likely rests with high apaity HDDs, partiularly in data centers serving cloud storage applications. The demand for high capacity storage drives, enhanced performance, and lower storage cost is set to rise. Global internet penetration, the rise in e-commerce in the emerging markets, and the current trend for high-resolution media standards are the likely drivers for continuing rise in global storage demand.
Nevertheless, the Group will continue to improve its operational efficiency and keep a tight rein on costs to ensure price competitiveness on its products. The Group is also working closely with existing and new customers in creating value to their supply chain, and will continue to seek opportunity to venture into new business segments that can synergizes with the Group's current business model. With this in place and considering the continuing stable demend based on the current market trend and assuming that there is no volatility in the USD curreny against the Ringgit, the group is optimistic about its earnings and growth in the coming quarters.
Microsoft profit rises on shift to cloud computing Publish date: Fri, 21 Jul 2017, 07:22 AM SAN FRANCISCO: Microsoft on Thursday reported that its quarterly profit climbed to $6.5 billion, lifted by its shift to computing services hosted in the internet cloud.
The US technology giant said revenue in the recently ended quarter rose to $23.3 billion, with $7.4 billion of that due to its "intelligent cloud" offerings.
LONDON, July 20, 2017 /PRNewswire/ -- Datacenter construction market is expected to reach US$ 68,953.8 million by 2022 from US$ 33,871.5 million in 2015.
"For next week, we will see focus on technology and construction stocks as they are predicted to gain the most from the coming Budget 2018. We see the budget will be the crucial play in the market," he told Bernama. http://www.thesundaily.my/node/463438
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: 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!
MQ Trader 189 views | 22 h ago
0:17
New IPO: An enterprise IT solutions provider that provides implementation services, maintenance, support and professional services, Vetece Holdings Bhd aims to list on the Ace Market!
MQ Trader 428 views | 4 d ago
0:17
New IPO: A manufacturing and trading of biomass fuel products, particularly PKS and wood pellets company, Elridge Energy Holdings Bhd aims to list on the Ace 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....
anonboy
491 posts
Posted by anonboy > 2017-07-14 20:56 | Report Abuse
https://www.quora.com/What-is-“spoofing”-in-the-stock-market