25.5/26 sen. It closed above the resistance-turned-support price of 25 sen. Hang Seng is down 806 points. Let's see if there's any oversold rebound in the next 2 days.

I was thinking if it goes down to 23 sen, I can top up more. But the goreng master did not grant my wish. At 23 sen, I reckon that the risk-reward ratio is just good at current level.

Mkts are just weak. Most regional mkts(including HK and china mkt) are down quite badly. So, the goreng master has decided to churn down to test the mkt..

There could be some induced selling from contra or weak holders.

Well, when I mentioned 29 sen to sell in my earlier posting, it was derived conservatively from my chart analysis. A lot will depend on mkt conditions and the actual outcome of the last quarter's result.

I think this is achievable, if the result does not disappoint. If you are worried, you may sell at 27 sen currently for a 17%(instead of 26%) profit. Still considered not too bad.

This is a personal decision that you must make yourself. I hope this helps..

It closed unchanged at 27 sen in a generally weaker Bursa mkt. Nothing to shout about yet....

Seems like the wave is pretty strong. Even Sapura Energy has turned higher now...

Do not underestimate the power of China.

China and HK mkts are up sharply today. Let's see if they can "pull up" the weak asian mkts, including Bursa.

Haha....

27.5 sen is the resistance set by the goreng master currently....

Today, the mkt is focussed mainly on My Eg Services. As I predicted, it is up sharply, chased higher by punters.

Hua An is taking a back seat. In order to be noticeable, Hua An has to remain in visible position(eg top 20s). So, the goreng master churns down slightly to create the vol.

Anyway, China and HK mkts are up. I am not particularly worried. Only those who hold HSI put warrants need to worry a lot...

http://www.theedgemarkets.com/article/myeg-macc-confirmed-were-not-involved-graft-probes-against-zahid

Next Monday, My Eg Services should rebound on this clarification. Hopefully, this will lift up market sentiments and help Hua An in the upswing...

I pity those who panic-sold My Eg Services today, while short sellers benefitted at their expense.

Closed at 27 sen on a Friday....

Rome was not built in a day. Do not expect higher prices until it can clear the 30 sen hurdle convincingly.....

Mkt sentiments are affected by big drops in My Eg Services and Datasonic Group. On the other hand, China and HK mkt have turned positive and moved higher now....

27/27.5....it has succeeded to become a mkt leader today....

If this can continue, it augurs well for Hua An. Anyway, vol has pushed it to the top 20s too.

25 sen broken finally. Today, quite a no of counters spike up with good vol, including some steel counters like Lion Industries, Malaysia Steel Works, Southern Steel, etc.

We will know with greater clarity if this is really related to the forthcoming reporting season when we observe the price movements and momentum in the next few days.

Seems like some smart guys have understood the mkt signal that I highlighted. Let's see if the 25 sen resistance set by the goreng master can be broken convincingly today or a false break-through.

It is getting more interesting....

It is up to you to interpret this mkt signal. I presume you belong to the group that think the glass is half empty as opposed to half full.

Words can lie. But mkt statistic does not, if not camouflaged.

Today, interestingly, only 676,700 shares done at 3pm. What is the underlying message?

4D - 6767. Some would say.....haha

The same goes for stock promotors in this forum too, they promote with a reason.
So, pls sieve through what they say, including mine or you can end up as hairy crabs anytime in a stock mkt.

Do not play play.

Even mkt leaders like Sapura Energy are not pushing higher currently, how can we expect mkt follower like Hua An to move first, when there is no good news specifically to support it? The goreng master is no fool. He does not churn up or gap up for no reason.

The smiles on punters' faces turn out to be transient. Sapura Energy starts to retrace too....

What to do? China and HK mkts are down again.
But I can see that it is just sliding lower in low vol. No panic selling as most are waiting for the quarterly result due to report this month.

Today, some select counters are up, mainly oil and gas counters like Hibiscus, Reach Energy, Sapura Energy, etc

So, I believe some punters can smile more today...

24.5/25 sen this morning. Let's be realistic. The hurdle to cross today is 25 sen. It can be done within 1 min if the goreng master wants to do it.

If 25 sen is not done convincingly, no need to talk about higher prices...

It closed at 24 sen, in line with a rebound in the Shanghai and HK mkts.
https://www.cnbc.com/2018/10/12/stock-markets-sell-off-isnt-the-start-...

Wow, low is 22.5 sen...

Dow futures is up. So, no panic selling..

I am not too greedy. If I can sell at 29 sen, I can already make 26% profit. Why not?

Yes, Dow futures is down. So long as Dow does not drop more than 300 pts, most mkts have already priced that in.

We can never know where the bottom is. Buying at today's price is already at a good discount to many.

I bought some at 23 sen to test the mkt. No venture, no gain.

After the panic selling initiated by the mkt operators in the morning, most counters are trading lower, but near the day's highs. A good sign. It shows mkt operators are more inclined to support the prices higher, than let them have a free fall. Of course, ultimately the share prices will depend on mkt sentiments and conditions.

The shark pulls up Genting Berhad from a low of 7.17, making short sellers buy back higher.

Do not play play with short selling...only for the big boys...

After this shakeout, the shares are in much stronger hands.

Genting drops 46 sen today, partly due to the work of regulated short sellers on higher sin tax talk.

Hua An is more stable. It does not fall in the regulated short selling list.

Today, KLCi is down 27 points. Genting Berhad gets whacked down 41 sen. This give the goreng master an excuse to churn down Hua An.

Haha.....Holland lies in the eye of the beholder. Do your sum right and invest prudently. Never chase after a hot potato and risk losing your hard-earned money.

Now, the only hope is the release of a better than expected quarterly result(which is still an unknown at this moment). Like that, there's a good chance for it to break above 30 sen. But it is harder to hit above 40 sen, unless the goreng master chooses to churn both the price and vol at the same time.

The goreng master decides to churn up in the afternoon....

As at this morning, only 126,500 shares done. Even the goreng master stops churning trading vol at current level, how to reach TP 10 sen? 24.5 sen remains the current immediate support level.

Unless a black swan event or internal crisis happens, it is highly unlikely to hit 10 sen.

The good thing is selling(churned) vol is subdued, still consolidating in a narrow trading range, waiting for a breakout.

This counter has lost its speculative appeal. It needs a strong catalyst to move out of its doldrums.

Yes. If QR is excellent, the goreng master will push up his "prized" collections to gap up for punters to chase. Punters like to chase high. Cheap shares are not as good. Lol.

Haha....looks like kind souls are too scared to invest in this mkt...

Today, the goreng master stacks up buyers, waiting for any kind soul to buy at 15 sen for stocks collected at 14.5 sen.....lol

As I have said, do not be greedy. Mkt is not primed for any sustained rally yet .....

Buy if you believe firmly in its potential. But do not forget the holding cost. If it does not give you a commercial return higher than current FD rate, it is not worth investing long term at all.

A lot of investors know how and when to buy. But they just do not know when to sell, being too greedy.

This morning, vol traded is 238,000. Let's see if the goreng master will churn many more in the afternoon. Lol..

I salute the goreng master. From a thin vol traded of 119,700 in early morning today, he can churn until 2,852,900 currently, even though selling has dwindled to a trickle.

Theoretically, the longer the consolidation, the stronger would be the rebound.

Haha.....28.5 sen already....

Get ready to offload your cheap tickets when higher....do not get greedy....

62.5 sen seems a strong resistance for now.
High trading vol, but stuck in a small range.

The low trading vol today does indicate a bottoming out process in the making. Even the recent private placement shares were priced at 15 sen per share.