Wait end of Feb to see. But now those cooking share but no fundamental qr result to support. Will easy to down 30 cents in a day. Expecially iwcity and ekovest running losses and share price high high.
LKC is LKH's sibling. LKC selling his holdings shd be making no harm. They boi gham right? Long term this 8877 still looks good. 1589 will be ok if LKH's proposal gets a passed and P8.03A settled and Bursa agreed to allow 1589 to have exception for its public holdings to be at 15% (instead of 25%, by law), errr
Oh risk88888, oh, recently got Yu's co kena limit down due to loss 800m in his business... It triggered mkt go down n Bursa take action to enforce lowest limit? Scary, I didn't aware as I don't see top vol 🤣 If like u said to RR, wah, 0.25, RR rich , sure realrich soon
Those share price high high without fundamental and qr support company all Limit Down already. Iwcity and ekovest goreng high high and without real result. Limit Down
Market sentiment effect by small cap plunge , margin call , syndicate n own boss director kena teruk this time.who goreng his own company stock Next week will be better after all margin call clear out this week
SCIb kena margin call , his boss n syndicate play margin , kena margin call by bank , no local fund support , that why u can see limit down , any stock limit down , this stock all goreng , all pledge stock ,play margin, Kena teruk this time is syndicate n his own bosss director
Now iwcity ekovest drop so many already do you think no people buy contra and margin? So tomorrow and next week so many people kena contra and margin force sale. You can run should run as fast as possible
Anson, RR doesnt save many coz he called for sale at price 48 and below..... this round drop is because of the selloff of small cap due to the margin call triggered by the Yu... for me... i collected at 520 and 525 after yesterday 545.... i m good coz i disposed all at 60 sen d....
1.Three days ago the candlesticks chart had prominently displayed a bullish cup and handle formation for Ekovest. Encouraged by the bullish indicators many fresh and new investors had gone on a shopping spree and aggressively acquired huge quantity of shares and push up the share price. Volume traded surpass 149 million and TS took the opportunity to dispose again when share price hit 61 sen
2.We were wondering what is the implication of the share disposal by Tan Sri each time when it hit 61sen and above. By his action, can he damage or destroy the cup and handle formation and turns it into a double bottom in the coming weeks before resuming a spectacular rise and shooting to the sky subsequently.
3.Historically, the counter has hit an intra day high of 61.5 but never closed above 59.5sen. It slided down and hit bottom at 43.5 sen and then resumed its climb and hit 62 sen intraday high and closed at 59.5sen again. Therefore the height of the cup is the distance between 59.5 and 43.5 and that is 16 sen.
4.For a cup and handle to be materialized, one would envisage that the base of the handle to be at most at the 30% mark from the height of the cup. This would means 30% of 16 sen or 4.8 say 5 sen. Any thing longer would mean it does not look like a handle. And the cup and handle formation is considered destroyed.
5. Basing on this logic one would agree that the price cannot fall below 59.5sen minus 5sen which is 54.5 sen. Hence,any closing price below 54.5sen would result in a technically disproportionate cup and handle.
6. On 18/1/2024 Ekovest opened high at 56sen, and hit an intraday low at 51sen and finally closed at 53 sen which is lower than the 54.5sen in order to sustain the cup and handle pattern.
7. In conclusion, the disposal by TS indeed has a strong influence and bearing on the technical pattern and formation. If you still steadfastly insist on the cup and handle formation, well it has been somewhat destroyed.
8.TS by his action has reshape the cup with a disproportionately twisted and elongated handle. 9. In the coming days can investors rectify the elongated handle.
This is what happens when ppl chase overvalued overticketed co. with too many short-term players stuck @ lofty price higher than $1(from 2016 till 2019)...1 miserable tick up...profit can't even buy the cheapest high-end coffee....instead of buying the undervalued gem in the group which is UP NINE ticks today!!!
Very prescient call by me! Have not touched the above counter since selling off my last shares for a profit on 10th Apr 2019 for the reasons above...
Fibonacci Retracement 50 % , Ekovest from (10 / 12 / 23 )price from 43 sen to 62 sen (9/ 1 / 24 ) , Fibonacci Retracement ratio 50 % is 52.5 sen , Ekovest corection to 51.5 sen ,close 53 sen , if this is reversal point 50 % ratio , Ekovest will challenge resistance 62 sen next week onward Successful breakout 62 sen , 70 sen second resistance to be challenge
UEMS will lead Johor-Spore Special Economic Zone play before installation of a new DYMM Agong on 31/1/2024. The share price of UEMS has started to move up north with high volume. The "Johor play" has started and the share price of Ekovest will follow "Johor play" theme to move up north. The technical chart of Ekovest is a "Cup And Handle formation" if the share price can break 0.62. The excitement will only start after the share price breaks 0.62. Good luck in 2024. Thank you.
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....
Realrich
1,410 posts
Posted by Realrich > 2024-01-17 16:32 | Report Abuse
Wait end of Feb to see. But now those cooking share but no fundamental qr result to support. Will easy to down 30 cents in a day. Expecially iwcity and ekovest running losses and share price high high.