Ended with the Inverted Umbrella candle stick, meaning there is potential to point out evidence for buying pressure and indicate a potential bullish reversal if it appears after a long downtrend, long black candlestick or if it is seen at a support level. The Inverted Umbrella indicates that buyers dominated trading and they were able to drive prices higher during the day. However, sellers resurfaced by the end of the day and pushed prices back to the opening price level and to the day’s low. This candlestick is a type of Doji characterized with no lower shadow but a long upper shadow. It is also known as the Gravestone Doji.

Shooting star, followed by breaking head and shoulder support, seems like it might be a downtrend for awhile now. Any possible signs of a short term correction?

Time to reload some.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5177157

Hope the new venture will bring Fibon above RM1 by next year.

Huge accumulation at 665. The whole queue was bought up.

685 big resistance, break it and we are on our way to challenge 83c high resistance.

If Fibon is the only one with such licenses in Malaysia now, they will be the major platform between Japan and Malaysia, for every unregistered car imported, direct from auction (lowering every dealer's costs of cars), Fibon's earnings and value can explode in game-changing multiples! Just see the amount of cars imported annually, and the value, in multi-billions. All they need to do is charge a small % on the fees and boom! They are super smart, and don't even need to come out with the heavy costs of buying the cars.

Wow. Capturing a niche e-commerce platform! That's really a surprising catch, with a bilion dollar market. If they are the only one in Malaysia, its gonna be really big. Fibon's name will be as famous as Alibaba+Naza.

Price should strengthen further when the company reaps the results of the expansion. Invest for the future, don't speculate and gamble. Think wisely, stick to your principles. This is not a loss making penny stock where people gamble everyday.

Operators have been collecting since 80cents all the way down to 50cents, their average costs wont be so low, they definitely want to bring it back up to 80-90 cents to cover their costs and make their profits.

Fibon may never be so cheap as to be around 50cents anymore in the future. Keep your 50cents shares for the big 80-90cents mark, you can pick somemore around 61cents to sell at 74-83cents for some pocket money.

The big resistance this round would be the 82-83.5c barrier.

More to come.

Value should rise over time with growth, slowly nvm but surely. Now's still a good price to collect.

Low risk, no debt, no gearing, protected with a lot of liquid assets, thus not a lot of downside risk and exposure on this company, their currencies moreover are in AUD and SGD, any weakness of RM will expand the profits of this company.