There are direct deals of this share done in the market the past 3 days.The 1st day is 12 million shrs,1.2 million and today 9 million shrs crossing at .29 cts.Since listing,this is the 1st time direct deals of this shrs involving such a high volume done.Perhaps there is a good chance they will goreng this counter soon.
It is announced last night the direct deals of 22 million and 1.2 million sold by William and MOF respectively.However the other buyer is not disclosed though total added volume is 5 %.Perhaps it's to different buyer.Don't be fooled to think you should be fearful when the owner disposed so much.Normally I find that it's a prelude to higher price.I have observed many counters went higher though owner disposed so much.I was fearful then though chart was rather nice.recent e.g is shh. I bought ard .64 cts.I saw PMI group disposed so much then I join the crowd by selling with very little profit.What is shh today ?Almost $2 !
Correction.It's not mof .I assumed it is when the percent he is holding is 52%.He is the ceo of proton/perdua.How is it the the disposal by MOF to this man was not disclosed to Bursa when MOF was a majority holder?Does anyone know when did the exchange of shareholders take place?
If you look at the chart,it does has a possibility of breaking upwards and possibly test all time high of .48 if it trades out of the bollinger band level of .33.The fact the bollinger width of the weekly chart is rather narrow,it gives a rather strong possibility of it happening.Meanwhile .33 is also the upper downtrend channel it established earlier.Since listing ,I have never seen so much volume done for direct deals.With these direct deals volume done consecutively for so many days gives an even greater possibility of it happening.Good luck guys and girls who have been waiting so patiently for so..... long.
Of course,it would not go straight up to test all time high of .48.My guess,it would probably stalled at .345-.385 first then consolidate above the upper downtrend channel before it pushes beyond .40 Even after pushing above .40 it would probably retest the .40 cts level and consolidate before testing the .48. Still have lots of work to do but good chance owners of this shr may not have to suffer so much already.
Some one is buying so many shares at .29cts.My guess this someone will goreng.Do you think the buyer of so many shares at .29 will only make 9 or 10 cts profit? I do not know for sure but I don't think so.Do you think so?
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They are still depressing the price.The direct deals give hope for higher price.e.g I bought solid around .70.Then when I look at the chart it's rather nice but owner keep selling loads of shares.It then drop to around .65 cts.Since then it never look back and solid is 1.79 today.I didn't buy back when it drops lower cause I gave up! See,you really don't understand the movement,just have to let them do what they want to do and be patient to wait.Well if you have all your money into this counter then probably you would feel more stressful.I didn't buy back the quantities I had initially so I just let them be.You notice lately all direct deals sell out is from William except about 1.2 million shares is from this Proton CEO.There was not direct deals yesterday.I will keep monitoring the direct deals and keep you all posted.William mentioned in bursa ann that he intends to deal with this share in view of the coming announcement of it's sept results which I think would be in November.I find that right now you cannot simply cut this share.It drives you crazy!
Watch out for MPAY.The monthly chart for this counter is very beautiful.I strongly believe this kind of monthly chart will eventually trade beyond it's all time high of .385
Look at esceram.At over 20 cts less than $30 cts,owners disposed loads of them .Today is trading at .53 cts.You can refer to announcement letters + charts to verify what I have just said.
If you look at the chart .28 cts is resting at 40 day moving average.Early it went above 40 day now testing back at 40 day then kick up now trading at .29-295.I think it's coming soon
correction.i think it's abt 44 million direct deals so far.see my above comments of my guess.actually no one knows for sure the route upwards,i only guess frm the chart formation
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khlim2889
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Posted by khlim2889 > 2015-10-13 09:51 | Report Abuse
any news for this rocket ?