Its easy to say that people are trapped when the stock is going down (after a big limit up mind you). Anyone smart can see that the overall market is down due to plethora of changes in business flow for the whole of Malaysia due to GST to SST transition. The uncertainty but optimistic outlook of Malaysia certainly will make everyone more cautious.
There seems to be firm support at the RM1.60 level. Should consolidate from here just like the last time. Don’t worry, guys - this stock always acts in this way due to the large buy-sell spread (price difference). Even if it drops below RM1.60 due to a single random sell order, should rebound very quickly.
We should also see increased action since people are now more aware of this company and its earnings potential. As long as you’re not a contra player, you should be fine. Price should start running up again to gap-up levels pre-QR and post-consolidation.
@spygame007 still trying hard I see after you missed the boat the first time. I’m sorry but you’re absolutely pathetic.
Push up to RM2.00 lah, easy,those small quantity for sale. TP >RM2.00, contra trades over already.They are serious stakeholders, even the IT Manager also holding many shares.
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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....
The_Reds
2,025 posts
Posted by The_Reds > 2018-08-29 17:30 | Report Abuse
spygame007 u are even worse..create a new account to cheat ppl la..why still using this stupid account