Yahoo.....sapu kaw kaw!!...hahaha... 3 ringgit mari ini year end... Now enjoy counting profit figure everyday...entered @ RM 1.670 last friday.... Wakaka ka..
But volume only 28k lots today...means buying only by retail player..maybe it's only spark..look like no action taken yet by foreign investor..if one time buying 3k or 5k lots itu baru big fish..ini buying only ratus ratus lots...ikan bilis play only..ermmmm let look on tomorrow transaction volume..maybe i also will kena...
this IPO got strong holding power at 1.55-1.60. investor confident to hold, the price won't fluctuate downside drastically below 1.6 if no external impact.
Hello Everyone ;D. You have to remember that IF banks are willing to invest via call-warrants THEN they believe in the stock. Next quarter will show why they have invested. Patience is the key. Happy Trading.
Institutional investor start selling at level 1.73. This 1.73 will be ultra-short term resistance. However, the support level is 1.71-1.70. The range between support and resistance become very narrow and look like going converge in short future, look like a break out in triangle formation. However, the traded volume is relative low for a company with more than 2000 million capitals.
breakout occur, but this is downtrend breakout in triangle formation. The volume of breakout is low (just 0.7 million, indeed it is very low for a company with 2000 million capitals). I believe this breakout would be easily revert if volume climb up.
downtrend after break out.. but traded volume is lower than yesterday. Investor showing lack of interest to this counter. Some big volume holder put selling queue before trading close try to create an "psychological pressure" to investor with weak holding power. I believe accumulation is taking place.
In the morning session, there is active buying. In the 1st ½ hour price been push up to max of day. Then selling pressure start and price been press down. The traded volume obviously 4x of yesterday. Toward the end of afternoon trading session, the selling pressure sudden diminish and price been push up effortless. This indicate “reluctant to sell” is happening. So, "lack of interest" phenomenon form a resistance here and "reluctant to sell" form a support here. The current significant value area is 1.68.
The trading volume just 1/3 of last trading date. 20% of trading occur during opening session where I believe some trader is try to “mark-up” the price. However, there is lack of interest and price continue drop back, however, the closing price still within its previous day value area. Today’s value area is 1.72~1.74, today’s drawback is due to “lack of interest”.
Traded volume slightly increase compare to yesterday, but still below 0.5 million. Throughout the day, the price maintained at 1.73 but toward ending trading session, the price been effortless press down due to lack of interest. Today value area are 1.73-1.75
xenolover. i m following ur comments..wonder who will triumph eventually..i m already invested but waiting for it to strengthen to hantam.some more...pls continue the updates..thnx...
Today traded volume slightly increase compared to yesterday, up about 34%. The prominent value area is 1.78, however range of value area is very wide from 1.73 to 1.78. There is another attempt of mark-up by some trader, however the external factor is depressive and its value decline after peak (1.78) to 1.73 but eventually price hold at 1.73 level. I noticed that there is NO institutional investor involved in SEM trading recently, the traded volume is reflect the retail investor’s activities can used as a baseline volume (0.4-0.6 million share per day), any volume increase more than that will signify some change of interest about this counter.
Another mark-up attempt, this look like successful and accompanied by increased traded volume about 1.7 million share just at morning session. By the way, I just sold my share in this morning. But i will continue to analysed this share.
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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....
azdrichwork2002
74 posts
Posted by azdrichwork2002 > 2014-07-07 11:15 | Report Abuse
Sure TP 2.50 .don't worry