Based on the chart, yesterday formed a solid base. If today's closing is higher then yesterday's closing of 0.85, then a rebound is confirm for uptrend, else may go side way.
Mon closing 0.82, Tue opening 0.82, Wed closing 0.82. The selling pressure looks like eliminated with a base form at 0.82 (+/-). If able to breakthrough 0.875 with a long green bar next couple of days, then a rebound form, else might up/down within the range of 0.81-0.86 for time-being.
Friday's opening and closing price = 0.835, this indicate a stabilize base being formed from 0.82 to 0.835 with limited downward risk. The chart indicate high future possibility of rebound from next week onward from current base, it need a long green bar to breakthrough 0.875 to confirm a rebound.
as stated last week, a long green bar to breakthrough from 0.835 to 0.875 will firm a rebound status. next resistant will be 0.94 if today's closing = or > 0.875. Those who hold from 0.82 shall have already 7% profit. 0.82 will be the support level.
Although today unable to close at 0.875, but a good demonstration of rebound is confirmed. tomorrow may retest the new resistant of 0.88 and the new support level of 0.85, once the closing breakthrough 0.88, it may climb to next level of RM 0.9x ~ RM 1.
This morning had retest the support level of 0.85 (follow by 0.82=>0.835 yesterday). Shall 0.85 is not broken and the resistant of 0.88 breakthrough by today's closing, then the next resistant will be 0.94.
Closing at 0.865 = yesterday's closing, although still cannot breakthrough 0.88, it form a new support level at 0.86 (from 0.82 => 0.835 => 0.85 => 0.86).
Today's closing = 0.86 = opening, reconfirm the new support level at 0.86. The second layer of support 0.85 also being retested today with a solid base formed. Shall 0.88 still not able to breakthrough, it may go side way for short term between 0.85 - 0.88 until a significant breakthrough . The chart still looks positive for future uptrend with resistant at 0.88, 0.94, 0.98, and RM1.
As expected, 0.88 resistant being retested & breakthrough by this morning. It will be significant if the closing can sustain = or > 0.88, the next resistant will be 0.94 => 0.98 => 1.
Again, the closing is same as yesterday = 0.86 (second support level remain at 0.85), the base had retested and reconfirmed since Dec 24th for 3 days. This morning's high of 0.89 also reassured the rebound is still continue as it breakthrough previous high of 0.88. Base on the chart trend, it is moving towards the region of RM 0.9x, hopefully by next week.
damn frustrating to see most of those even loss making companies are going up in early rally for 2020 while this counter going thru' OPPOSITE directions ie RED!!!
take a look at its warrant...those greedy operators tried to pushed down the prices BUT later stage it manage to stabilize it!! .....rebound together with mother pretty soon I hope
After 3 weeks dropping from the high of 0.89 to 0.725, finally the chart showing a firm reversal by today at 0.765. A morning star also formed today (opening = closed) with 2 cents increase from yesterday's closing. Those who not manage to sell last month December when rebound from 0.785 to 0.89, today's closing will be another opportunity as buying interest is back, expect to see a positive reverse trend by tomorrow opening. The short term resistant will be 0.82. The operator is pushing down the price to collect low at 0.7x for the past 3 weeks and most contra players shall be cleared. Directors are continue collecting from Dec to Jan which is a good sign.
Today's closing at 0.775 indicate a reversal trend from the low of 0.725 last week, with a base (support level) formed at 0.755. It need a long green bar to breakthrough 0.82 to confirm an uptrend, else may go side way at 0.7x as it lack of volume to sustain the positive trend.
that question I have been raising since yesterday and this morning!!! those operators purposely control the game....got so fedup I deleted my posts!...operators keep on pressing until small retailers cannot tahan and lose interest in punting them!
Beware !! 3 scenarios : 1) If today's closing is higher then yesterday high of 0.84, the uptrend may not yet finish. 2) If today's closing is lower then opening of < 0.82, then it may form a gravestone for a beginning of downtrend. 3) If today's closing is 0.82 equal to opening, the trend is indecisive and may have 50% chance signal a reversal to downtrend from past 2 days huge surge, or a 50% chance to take a break for longer term uptrend.
bought warrants at 115s....regret did'nt offload at 15s!...wanna see how low those greedy operators create!.....mother up but warrants went opposite directions last two days! WEIRD....
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....
BigPro
688 posts
Posted by BigPro > 2019-12-17 12:14 | Report Abuse
Very high potential back to 1.10 by early next year...