The price is now below MA20, by right should be supported by MA20, if no rebound and stand above MA20 next week then it does not looks good. Stochastic shows oversold position so hope some people will bottom fish and push it up again. Many counters are looks like having adjustments but when price is facing huge rejection and keeps breaking support again and again then it will end up as a downtrend stock. Normally if price retrace too much then it is hard for it to break new high again. Let's monitor next week, I still keeping some, this is my fourth round of playing it and hope it does not let me down... Lol
Karex is a matter of time to be raided by strong investors, GOH family financially weak even controlled of shares was 100% borrowing. They can't stand further as their iPo of 3 dollars. We just wait for an exercise. They are incapable....
SC, you should set your cut loss point and blame yourself if you did not set one for yourself. i already mentioned on 11/5, price is below MA20 which should be the supports and there were few times of price rejections in the past few days. overall market is poor, so many counters are dropping and investors have no interest in KLSE thus many had left it. today karex broke below 0.55 but it hits oversold zone, it may rebound tomorrow but very depends on overall market. you should learn TA and FA yourself and not blaming here and there, only losers will do so. I won few times from this counter but i am losing money as well at the moment. if you are unable to hold it, just sell it then, nobody is forcing you to buy anything here.
this counter is still uptrend and close to MA60, once it becomes downtrend, we should cut loss, from the gap down that day, it did show reducing momentum from MACD, few times price rejections. I personally feel that it was over sold today due to panic selling, it may rebound tomorrow but current market is poor thus most likely will up then down again. FA wise, this counter is so so only thus if fail TA as well then no point to hold.
now i know someone who really can outsmart the market, salute :P
Superb99 SC, you should set your cut loss point and blame yourself if you did not set one for yourself. i already mentioned on 11/5, price is below MA20 which should be the supports and there were few times of price rejections in the past few days. overall market is poor, so many counters are dropping and investors have no interest in KLSE thus many had left it. today karex broke below 0.55 but it hits oversold zone, it may rebound tomorrow but very depends on overall market. you should learn TA and FA yourself and not blaming here and there, only losers will do so. I won few times from this counter but i am losing money as well at the moment. if you are unable to hold it, just sell it then, nobody is forcing you to buy anything here. 13/05/2019 5:20 PM
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....
Superb99
6,604 posts
Posted by Superb99 > 2019-05-11 21:01 | Report Abuse
The price is now below MA20, by right should be supported by MA20, if no rebound and stand above MA20 next week then it does not looks good. Stochastic shows oversold position so hope some people will bottom fish and push it up again. Many counters are looks like having adjustments but when price is facing huge rejection and keeps breaking support again and again then it will end up as a downtrend stock. Normally if price retrace too much then it is hard for it to break new high again. Let's monitor next week, I still keeping some, this is my fourth round of playing it and hope it does not let me down... Lol