today last minute selling could be due to annoucement of MCO at 5pm. Probably some panic traders who are afraid of MCO. The last minute sell down also follows KLCI last minute sell sown. A small amount of selling at last minute in mobilia (about rm650,000 sell down). Which isnt a lot. Now mobilia price is around the 20 day moving average. Since MCO is only in selangor, likely tommorow will rebound.
That's how i have been trading. I follow operator style.Today again low volume. Morning small rebound was ok until the klci starts to go down again because of glove companies
Supermx profit below expectation. All other globe stocks also holland. Pulling the index down. Now some traders panic sell. The very best time to top up any bargain u can find in bursa :)
With the MACD and stochastic indicators showing signs of upward momentum, we believe the share price could potentially challenge our resistance levels of RM0.495 (R1; 15% upside potential) and RM0.55 (R2; 28% upside potential).
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....
carurhead
211 posts
Posted by carurhead > 2021-04-27 11:38 | Report Abuse
Guys, target price 0.56 and above as I mention