Well done, guys! Not as bad as I expected. In fact, very strong despite finishing with a red candle.
No big fish sellers + good buy support from RM1.38 and below. That should be the new support level. Highest sell transaction was just 19k right at the end. Safe to say most of the sellers today were the small-time retail players who most probably had to cover for T+3. Doesn't look like the big fish were selling at all judging by the very low volume.
In fact, looking at the daily charts, every time there has been a minor retracement, the price almost always rebounded higher within a day or two so looks like @The_Reds was right. Big fish just waiting for the retail players to dispose before gobbling up more.
Should edge up higher towards RM1.60 in the coming days if the resistance (sell orders) between RM1.41-RM1.45 can be cleared!
You cannot profit in this counter if you want to play short-term. The big fish will be happy to buy from you below market price. If you look at the daily charts, the price surge with volume only happens once every 3-4 days - just enough time to shake out all the small time contra players so be wise and careful!
One huge 100K sell order @ RM1.36. Almost 99% sure the big fish is trying to shake out all the weak holders before the next run-up. Watch that 100k sell order magically disappear very soon but good luck to all those with not much holding power!
If PTMP gets the nod to proceed, and boss decided to inject this asset into listed Ideal group, I can assure u that this counter will be the brightest gem of the year
Also, unlike you, I don't and will never need insiders. The numbers don't lie. Everything is in the annual/quarterly reports. Only the mentally lazy and those eager to get rich quick rely on insiders - and often end up losing more than they make. So all the best selling off your shares (if you have any that is, though judging by your comments, you are merely fear-mongering to cause people to sell and drive the price down even lower so you can collect presumably?). I'm sure there are a number of us waiting to buy and profit in a few weeks!
And I really doubt there are any syndicates eyeing this stock (yet). Again, the numbers don't lie as there isn't much volume or news regarding this counter to be found anywhere. If this was a syndicate stock, you'd find others like spygame07 spreading unsubstantiated rumours, either true or false to move the stock price. None of that happening at the moment. Retail investors just selling small number of lots here and there due to the lack of upward movement over the past two weeks. That's all.
u keep promoting bcause u still holding huge size of lots in your pocket. technical chart never lie, tis stock no hope already. price will fall down in the near term. for those who still holding, good luck.
I'm a technician myself and as long as the downtrend is not supported by volume, it is not conclusive. I think everyone else here can see that too. As I've mentioned, they're not stupid. Only those with very limited knowledge both on fundamentals + technical analysis will pander to fear mongers like you and sell out of fear. Only time will tell.
And I like how you conveniently changed the subject from insider information about Q3 being a loss when cornered to how the price will keep going down because of TA - both of which are false. The more you comment, the more it becomes clear that your assertions are baseless and that you're not even a sophisticated (if I can even call you that) operator. Today's buy volume is still 100% btw. Clearly, I'm not the only one who think anything under RM1.30 is undervalued?
@spygame007 69K is huge volume to you? LOL and you say you know technical analysis.
Not going to waste my time replying to your childish comments anymore. I hope that you will never be able to buy this counter cheaply because you quite simply don't deserve it.
High selling pressure? 147k shares bought vs 3k sold = 98% buy rate. Need a calculator, my friend? Haha
Don't think you'll need it anyways. Don't even think you care. You strategy ever since you started commenting here has been to make ludicrous claim and hope the more gullible ones and the ones without holding power will sell down so you can collect for cheap. And looks like it's backfiring spectacularly. Joke's on you (Y)
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The_Reds
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Posted by The_Reds > 2018-07-10 09:40 | Report Abuse
7 days consecutive green..such an outstanding run, what else can u ask for in this kind of market