How can you say RM 0.125 is the next support when not even 1 lot is done. A true support is where most stocks are traded within that price range. If you plot those price and volume on the histogram or bar chart, you will see it will display a bell curve shape. More than 68% of the volume fell between RM 0.135 and RM 0.14 and thus for the moment this still qualifies as the true bottom.

Unless there is a breakdown from RM 0.13 and it started to trade at RM 0.125 then only it is considered a new bottom. If you look back at the trading pattern of any shares , actually very small volume makes up the real bottom (lowest price) sometimes less than 100 lots. What i see is a different story in this case on XOX. I felt that the underlying strength is strong and gaining momentum thus the stock is ready to move upwards.

Looks like MAV14 about to cut MAV20 from below. Earlier failed attempt was on 16/03/2016. It looks like we may hit jackpot this time. From the distribution of volume above for the past 3 weeks we know that the odds favored RM 0.135 and RM 0,14 as the true bottom.

We may see some action soon.

Happy Trading

XOX transaction Summary 06/04/2016

6.14 million shares at RM 0.13
1.01 million shares at RM 0.135
0 shares at RM 0.14
0 shares at RM 0.145
--------------------------------------------------
7.15 million shares transacted

Distribution of odds

RM 0.13 - 85.8%
RM 0.135 - 14.1%
RM 0.14 - 0%
RM 0.145 - 0%



XOX statistics from 14/03/2016 to 06/04/2016

16.28 million shares at RM 0.13
67.39 million shares at RM 0.135
98.4 million shares at RM 0.14
12,7 million shares at RM 0.145
2.5 million shares at RM 0.15
---------------------------------------------
197.25 million shares transacted

Summary of the distribution of odds.

RM 0.13 - 8.25%
RM 0.135 - 34.16%
RM 0.14 - 49.9%
RM 0.145 - 6.43%
RM 0.15 - 1.26%

XOX transaction Summary 05/04/2016

1.84 million shares at RM 0.13
0.97 million shares at RM 0.135
0 shares at RM 0.14
0 shares at RM 0.145
--------------------------------------------------
2.81 million shares transacted

Distribution of odds

RM 0.13 - 65.4%
RM 0.135 - 34.6%
RM 0.14 - 0%
RM 0.145 - 0%



XOX statistics from 14/03/2016 to 05/04/2016

10.14 million shares at RM 0.13
66.38 million shares at RM 0.135
98.4 million shares at RM 0.14
12,7 million shares at RM 0.145
2.5 million shares at RM 0.15
---------------------------------------------
190.1 million shares transacted

Summary of the distribution of odds.

RM 0.13 - 5.33%
RM 0.135 - 34.9%
RM 0.14 - 51.7%
RM 0.145 - 6.68%
RM 0.15 - 1.31%

XOX transaction Summary 04/04/2016

3.74 million shares at RM 0.13
0.6 million shares at RM 0.135
0 shares at RM 0.14
0 shares at RM 0.145
--------------------------------------------------
4.33 million shares transacted

Distribution of odds

RM 0.13 - 86.2%
RM 0.135 - 13.8%
RM 0.14 - 0%
RM 0.145 - 0%



XOX statistics from 14/03/2016 to 04/04/2016

8.3 million shares at RM 0.13
65.41 million shares at RM 0.135
98.4 million shares at RM 0.14
12,7 million shares at RM 0.145
2.5 million shares at RM 0.15
---------------------------------------------
187.29 million shares transacted

Summary of the distribution of odds.

RM 0.13 - 4.4%
RM 0.135 - 34.9%
RM 0.14 - 52.53%
RM 0.145 - 6.78%
RM 0.15 - 1.33%

XOX transaction Summary 01/04/2016

846 thousand shares at RM 0.13
6.6 million shares at RM 0.135
300 shares at RM 0.14
0 shares at RM 0.145
--------------------------------------------------
7.42 million shares transacted

Distribution of odds

RM 0.13 - 11.4%
RM 0.135 - 88.9%
RM 0.14 - 0%
RM 0.145 - 0%



XOX statistics from 14/03/2016 to 01/04/2016

4.56 million shares at RM 0.13
64.81 million shares at RM 0.135
98.4 million shares at RM 0.14
12,7 million shares at RM 0.145
2.5 million shares at RM 0.15
---------------------------------------------
182.96 million shares transacted

Summary of the distribution of odds.

RM 0.13 - 2.49%
RM 0.135 - 35.42%
RM 0.14 - 53.78%
RM 0.145 - 6.94%
RM 0.15 - 1.36%

Heard from the grapevine that Chong Wei is accumulating XOX through proxies. He is looking for some solid business upon retiring from badminton after the olympics. I am not surprise he is one of the main player beehind the recent accumulation of XOX shares at RM 0.135 and RM 0.14.

Since 14/03/2016, 175 million XOX shares changed hands. Of that 58 million shares done at RM 0.135 while 98 million shares change hands at RM 0.14.

Happy Trading

Lee Chong Wei's performance goes opposite of XOX performance. Thus, Chong Wei's recent loss will be XOX's gain soon.

Happy Trading

XOX transaction Summary 31/03/2016

571 thousand shares at RM 0.13
4.93 million shares at RM 0.135
82 thousand shares at RM 0.14
0 shares at RM 0.145
--------------------------------------------------
5.59 million shares transacted

Distribution of odds

RM 0.13 - 10.2%
RM 0.135 - 88.2%
RM 0.14 - 1.47%
RM 0.145 - 0.%



XOX statistics from 14/03/2016 to 31/03/2016

3.71 million shares at RM 0.13
58.21 million shares at RM 0.135
98.4 million shares at RM 0.14
12,7 million shares at RM 0.145
2.5 million shares at RM 0.15
---------------------------------------------
175.54 million shares transacted

Summary of the distribution of odds.

RM 0.13 - 2.11%
RM 0.135 - 33.16%
RM 0.14 - 56.05%
RM 0.145 - 7.23%
RM 0.15 - 1,42%

Come on guys. Share market is not everything. Get a life. Treat it like some kind of entertainment. Heck! better still treat it like a giant casino like Genting since this bloody game is rigged also. Just relax whether you win or lose.

Happy Trading

More exciting means more money to lose. Going in and out will get you nowhere in the long run. Today win but lose back tomorrow, What you are getting is entertainment (upsurge in adrenalin flow). But you will have to pay the price of entertainment (losing streak) later on.

Happy Trading

XOX transaction Summary 30/03/2016

0 shares at RM 0.13
2.42 million shares at RM 0.135
186 thousand shares at RM 0.14
0 shares at RM 0.145
--------------------------------------------------
2.614 million shares transacted

Distribution of odds

RM 0.13 - 0%
RM 0.135 - 92.8%
RM 0.14 - 7.2%
RM 0.145 - 0.%



XOX statistics from 14/03/2016 to 30/03/2016

3.14 million shares at RM 0.13
53.28 million shares at RM 0.135
98.3million shares at RM 0.14
12,7 million shares at RM 0.145
2.5 million shares at RM 0.15
---------------------------------------------
169.95 million shares transacted

Summary of the distribution of odds.

RM 0.13 - 1.84%
RM 0.135 - 31.35%
RM 0.14 - 57.8%
RM 0.145 - 7.47%
RM 0.15 - 1,47%


# Note

RM 0.135 has been building momentum since 14/03/2016. High probability bottom has been reached @ RM 0.135 and RM 0.14. Keep a lookout for possible trend reversal of XOX soon.

Happy Trading

From the statistics above, it seems RM 0.135 is building momentum and it is likely that RM 0.14 will be taken out soon. Of course the operator will not announce that they are going to move XOX. It will play out in a surprise move where XOX will move up RM 0.02 - RM 0.03 in a couple of hours with high volume which placed it at the top 10 active counters.


Happy Trading

Where are our XOX cheerleaders when we needed them most?

XOX transaction Summary 29/03/2016

0.58 million shares at RM 0.13
12.5 million shares at RM 0.135
10 thousand shares at RM 0.14
0 shares at RM 0.145
--------------------------------------------------
13.08 million shares transacted

Distribution of odds

RM 0.13 - 4.43%
RM 0.135 - 95.5%
RM 0.14 - 0.01%
RM 0.145 - 0.%



XOX statistics from 14/03/2016 to 29/03/2016

3.14 million shares at RM 0.13
50.86 million shares at RM 0.135
98.1 million shares at RM 0.14
12,7 million shares at RM 0.145
2.5 million shares at RM 0.15
---------------------------------------------
167.34 million shares transacted

Summary of the distribution of odds.

RM 0.13 - 1.87%
RM 0.135 - 30.3%
RM 0.14 - 58.6%
RM 0.145 - 7.58%
RM 0.15 - 1,49%


Happy Trading

XOX transaction Summary 28/03/2016

2.5 million shares at RM 0.13
3.28 million shares at RM 0.135
0 shares at RM 0.14
0 shares at RM 0.145
--------------------------------------------------
5.77 million shares transacted

Distribution of odds

RM 0.13 - 43.3%
RM 0.135 - 56.7%
RM 0.14 - 0..8%
RM 0.145 - 0.%



XOX statistics from 14/03/2016 to 28/03/2016

2.56 million shares at RM 0.13
38.36 million shares at RM 0.135
98.1 million shares at RM 0.14
12,7 million shares at RM 0.145
2.5 million shares at RM 0.15
---------------------------------------------
154.26 million shares transacted

Summary of the distribution of odds.

RM 0.13 - 1.65%
RM 0.135 - 24.8%
RM 0.14 - 63.5%
RM 0.145 - 8.2%
RM 0.15 - 1,62%


Happy Trading

XOX transaction Summary 25/03/2016

117 thousand shares at RM 0.13
14.46 million shares at RM 0.135
120 thousand shares at RM 0.14
0 shares at RM 0.145
--------------------------------------------------
14.69 million shares transacted

Distribution of odds

RM 0.13 - 0.7%
RM 0.135 - 98.5%
RM 0.14 - 0..8%
RM 0.145 - 0.%



XOX statistics from 14/03/2016 to 25/03/2016

117 thousand shares at RM 0.13
35.08 million shares at RM 0.135
98.1 million shares at RM 0.14
12,7 million shares at RM 0.145
2.5 million shares at RM 0.15
---------------------------------------------
148.49 million shares transacted

Let's look at the distribution of odds.

RM 0.13 - 0.001%
RM 0.135 - 23.6%
RM 0.14 - 66%
RM 0.145 - 8.5%
RM 0.15 - 1,68%


Happy Trading

Today's volume is the smallest since 24/10/2015.

Hope this will lead us to our most important conclusion. Selling has exhausted.

XOX transaction Summary 24/03/2016

5.66 million shares at RM 0.135
430 thousand shares at RM 0.14
0 shares at RM 0.145
--------------------------------------------------
6.1 million shares transacted

Distribution of odds

RM 0.135 - 92.7%
RM 0.14 - 7.2%
RM 0.145 - 0.%



XOX statistics from 14/03/2016 to 24/03/2016

20.62 million shares at RM 0.135
97.9 million shares at RM 0.14
12,7 million shares at RM 0.145
2.5 million shares at RM 0.15
---------------------------------------------
133.8 million shares transacted

Let's look at the distribution of odds.

RM 0.135 - 15.4%
RM 0.14 - 73.1%
RM 0.145 - 9.5%
RM 0.15 - 1,9%


Happy Trading

Buy and hold long term lah. I intend to hold it until at least the next Chinese New Year in 2017. Why worry about daily gyrations. Now that volume has dropped dramatically already tells you something that i dont need to repeat. The bottom is near.


Happy Trading

Congratulations rkpvr ! EKA will be in big trouble soon.

XOX transaction Summary 23/03/2016

2 million shares at RM 0.135
5.8 million shares at RM 0.14
200 shares at RM 0.145
--------------------------------------------------
7.8 million shares transacted

Distribution of odds

RM 0.135 - 25.6%
RM 0.14 - 74.3%
RM 0.145 - 0.1%



XOX statistics from 14/03/2016 to 23/03/2016

14.96 million shares at RM 0.135
97.5 million shares at RM 0.14
12,7 million shares at RM 0.145
2.5 million shares at RM 0.15
---------------------------------------------
127.7 million shares transacted

Let's look at the distribution of odds.

RM 0.135 - 11.7%
RM 0.14 - 76.3%
RM 0.145 - 9.95%
RM 0.15 - 2.3%


Happy Trading

Looks like RM 014 and RM 0.145 is fast out-pacing RM 0.135. This means there is a likelihood RM 0.135 will be history. Bull is gaining strength.

Happy Trading

XOX transaction Summary 22/03/2016

200 shares done at RM 0.135
12.5 million shares done at RM 0.14
692 thousand shares done at RM 0.145
--------------------------------------------------
13.2 million shares transacted

Distribution of odds

RM 0.135 0.1%
RM 0.14 94.6%
RM 0.145 5.2%



XOX statistics from 14/03/2016 to 22/03/2016

12.96 million shares done at RM 0.135
91.7 million shares done at RM 0.14
12,7 million shares done at RM 0.145
2.5 million shares done at RM 0.15
---------------------------------------------
120 million shares transacted

Let's look at thhe distribution of odds.

RM 0.135 10.7%
RM 0.14 76.4%
RM 0.145 10.6%
RM 0.15 2.3%


Happy Trading

anzo in proift taking zone

Anzo in danger zone

Have you accounted for the OMT?

difficult to get 0.135,,, I have q for 2 days but still can not get

XOX statistics from 14/03/2016 to 21/03/2016

12.96 million shares done at RM 0.135
79.2 million shares done at RM 0.14
12 million shares done at RM 0.145
2.5 million shares done at RM 0.15
---------------------------------------------
106.8 million shares transacted

Let's look at thhe distribution of odds.

RM 0.135 12.1%
RM 0.14 74.1%
RM 0.145 11.2%
RM 0.15 2.3%

So let me ask you, how to buy at RM 0.135? Since your chance is only 12%.

XOX transaction Summary 21/03/2016

2.74 million shares done at RM 0.135
7.22 million shares done at RM 0.14
30 thousand shares done at RM 0.145
---------------------------------------------
9.99 million shares transacted

Distribution of odds

RM 0.135 27.4%
RM 0.14 72.2%
RM 0.145 0.4%

Happy Trading

Look at Anzo. RM 0.325 and RM 0.33. I reckon XOX play will not be delay much longer.

XOX statistics from 14/03/2016 to 18/03/2016

10.22 million shares done at RM 0.135
72 million shares done at RM 0.14
12 million shares done at RM 0.145
2.5 million shares done at RM 0.15
---------------------------------------------
96.8 million shares transacted

Let's look at thhe distribution of odds.

RM 0.135 10.5%
RM 0.14 74.3%
RM 0.145 12.3%
RM 0.15 2.5%

So what price do you think XOX will trade on Monday 21/03/2016?

From the data above mathematically i would say XOX will most probably trade at RM 0.14 and above.

Happy Trading

XOX statistics from 14/03/2016 to 18/03/2016

10.22 million shares done at RM 0.135
72 million shares done at RM 0.14
12 million shares done at RM 0.145
2.5 million shares done at RM 0.15
---------------------------------------------
96.8 million shares transacted

Happy Trading

Anyway Connect is worth a look

Sorry I am not familiar with KTC. But from what i browse through there is a cap at RM 0.405. If volume persist at more than 10 million then i think it will be a good bet. Normally with the such resistance it will be subjected to profit taking before proceeding further.

"A good forecaster is not smarter than everyone else, he merely has his ignorance better organised. "

--Anonymous

Prediction involves maximising the ratio of signal to noise, with the signal being the predictable component and the noise been unpredictable events.

Happy Trading

At the mean time i just enjoy the Arabian belly dancing and Cha Cha Cha.

After liquidating at RM 0.14 want to buy back at RM 0.12 this week? Fat chance !! Look at the statistics above. Most (75%) are done at RM 0.14. Instead of wishing everybody to go down with you why not wish everybody good luck? Good Karma.


Stock: [XOX]: XOX BHD
Mar 14, 2016 04:54 PM | Report Abuse

Now I am on the team which will be happy to see XOX sink even further! :D Hopefully it will reach 0.120 by end of this week.


Stock: [XOX]: XOX BHD
Mar 14, 2016 04:50 PM | Report Abuse

cksam, already cut 800 lots. Will buy back when it reach 0.12/0.13! :D


Stock: [XOX]: XOX BHD
Mar 14, 2016 04:30 PM | Report Abuse

I hope this 15mil queue buy at 0.140 will hold until tomorrow afternoon. Otherwise, I will jump ship by cutting lost! It looks very heavy. Looks like the operator or big shark or whoever collecting at 0.145-0.150 for the last few days, they are selling at 0.140 for some lost in order to push down the price, so that they can buy back at lower price AKA @0.130 or even 0.120.
Good luck!


Happy Trading

XOX statistics from 14/03/2016 to 17/03/2016

5.11 million shares done at RM 0.135
58 million shares done at RM 0.14
12 million shares done at RM 0.145
2.5 million shares done at RM 0.15
---------------------------------------------
77.61 million shares transacted
---------------------------------------------

Happy Trading

Sorry! from monday till wednesday. 14/03/2016 to 16/03/2016. Today is not included.

Let's take a look at the statistics since Monday - 14/03/2016

For statistics from monday till today

1.95 million shares done at RM 0.135
41 million shares done at RM 0.14
12 million shares done at RM 0.145
2.5 million shares done at RM 0.15
---------------------------------------------
57.45 million shares transacted
---------------------------------------------

Most people throw at RM 0.145/RM 0.15? Total shares done at RM 0.145 + RM 0.15 = 14.5 million shares. Thus 14.5 million shares divided by 57.45 million shares only represent 25.2 %. Whereas percentage of volume done at RM 0.14 alone is 71,3%. So, most people dump at what price? At RM 0.14 or RM 0.145 + RM 0.15 combined? Can you please answer me?

So please don't get frustrated when you dumped at RM 0.14 + RM 0.145 now unable to buy back at RM 0.13 and below. This is because if you buy back at RM 0.135 and above is meaningless as the two rounds commision (sell earlier and buy back now) already killed you.

Getting yourself into frustration will only hasten and snowball your losses as you want to make it back ASAP. Remember the two evil that i wrote two days ago. Playing contra and margin account. The faster you want to make back your losses the more you will lose as your mind is already influenced by the roller coaster psychology associated with screen staring.

I suggest you try only to look at the screens three time a day. Morning for opening, noon for mid day closing and late afternoon for closing. Then your trading shall improve vastly. If not you will forever be influenced by the market forces and ended up a gambler instead of investor. Jstockman this is for your own good.

Happy Trading

typo shares not lots

jstockman, we the bloggers at XOX have unanimously appointed you as the JAGA or Price Keeper of XOX. As most of us are busy with our chores we do not have the time to keep track of the prices 24/7. As i wrote earlier if XOX goes to RM 0.13 i will average down and buy. Please inform me when the sellers finish throwing everything at RM 0.13.

For statistics from monday till today

1.98 million lots done at RM 0.135
41 million lots done at RM 0.14
12 million lots done at RM 0.145

The cat and mouse game will continue again tommorow between RM 0.135 and RM 0.14.

Happy Trading

Ooouuuurrrrhhhh... Get a bloody life you fellows. Get a life and stop glueing yourselves to the screen. When the selling is done on RM 0.13 then only wake me up. At the mean time let me continue my sleep OK..... ZZZZZZZZZzzzzzzzzzzzzzzzzzzzz

Good Night

Well CUTLOST sad to see you are losing a lot. But don't be despair there is always tommorow to make back your money. Previously i am in a worse situation than you. That was in year 1998 during the Asian Financial Crisis. I not only loss everything but i am full of debts. All because i borrowed from bank through refinancing of a property. That was the worse lesson i learned. I alway think that i am smarter and more knowledgeable than the average joe because i was in the financial industry.

Well i am wrong. Even with all the knodledge and capital i still lose because of one missing link. And that is discipline and psychology. I was playing contra and using margin account. These two are the biggest taboo when come to investing in the stock market. If you want to lose money in the stock market then please do the above. During the Asian financial crisis a lot of people got wiped out in the stock market because of the above two sins.


As said before i thought those operators are chinaman or some big time speculators. But i am wrong after i visited one of my clients who is also a stock operator. OK, after i came back from overseas i started a company selling financial data and online quoting systems. During the early 1990s you have to pay for online quotes because brokerage firms dont provide them. I also sell end of day data for charting and fundamental data i.e financial ratios, company financial details to institutional data providers like BARRA and Thomson Reuters.

So when i visited this client because they bought one of our systems and then only i found out how organised was their operation. They employed financial analyst, chartist and data entry clerks working full time analysing stocks. There are more than 10 staffs working there. One clerk told me they are trading not only in the Malaysian and also the Hong Kong, Singapore,, U.S,and European markets. That was in the late 1990s.

Imagine how much money they have to make in order to maintain their operation. So if you want to make money from the stock market you need to know who are betting on the opposite trade. Needless to say i began to upgrade myself in order to increase my chances of winning. I bought books, videos and also attend some courses. I bought a lot of books on trading psychology and trading systems because those are my weakest link.

Needless to say i continued to screwed up because there is no such thing as holy grail of investing. Tested a lot of different systems from different so-called experts. Slowly and patiently i began to develop a system that is suitable for me. No more contra, no more sudden burst of emotions (buy now - this stock is coming or sell now - everyone panic selling), no more roller coaster emotions (glued to the online screen), no more over trade (trade with money you afford to lose), no more tips and so on.

What i am today evolves over a 5 year period. Again this is not an overnight transformation. You just have to go through the mill and most importantly learn from your losses. What i do is i jot down the reasons on why i buy and sell a certain stock. If i lose a trade i refer to my diary and see why i bought and sold. This is important as it help me to get rid most of my bad habits overtime. You have to upgrade yourself if you want to stay long in this business. You need to learn how those operators play the game. If the do Arabian belly dancing then i will follow and if they switch to Cha Cha then i switch to Cha Cha. Instead of they play you, you play them.

I am still learning and trying to perfecti the art of investing today. Learning never stop because i want to up myself to another level. Hopefully be a Master Trader where i can treat the stock market as my personal ATM. Withdrawing money whenever and wherever i want.

Happy Trading.

So today they play cat (putting small bid volume to frustrate those sellers). Tommorow they will play mouse (park big volume on the buy side) so that sellers today will stop selling and turned buyers. So all in all they will be playing this cat and mouse game for an extended time.

Hence they will continue the Arabian belly dancing for quite a while. Cha Cha Cha! Boom Boom Boom! will have to go on for a while before we see some real action.

After this then what? On Thursday they will place huge amount of stocks on the sell side to scare off any potential buyers. Then they will put in their bid on the buy side while all the panic short term players throw everything to them. When sellers are exhausted they withdraw their sell volume and then park it into the buy side. Frustrated investors when see the huge buying interest will once again feel bullish and starting to wallop the sellers like no tommorow.

Unfortunately the next day buyers again are no where to be seen. Heck those who bought for the last two days are heading to the chopping block when T+4 comes.

This process will go on and on until there are no more positive thinking contra players. At the mean time the cat and mouse game will continue.

Happy Trading

Well someone here got really pissed off because he sold off at RM 0.14 but unable to buy back at RM 0.135. The funny thing is investors are not willing to dumped XOX shares below RM 0.14. Whenever buyers at RM 0.14 are filled new buyers appeared. The frustration is that each time there are only a few hundred lots. So there is little chance for the big players to unload big volume. All in all 21 million shares are collected at RM 0.14. Well done.

I counted there are more than 15 instances where sellers dumped to buyers at RM 0.14. Then buyers appeared again only with small bid volume. This is a psychological game to frustrate those short term players by making them clueless whether to sell today or tommorow. It left them wondering "what if i sell today and tommorow it shoot up again" since there are only 300 shares done on RM 0.135. Or "what if i don't sell today and tommorow it goes down to RM 0.135" ?

This is the psy-op by the operators to play with investor's feelings especially those playing contra. They will continue this Arabian belly dancing for a while to shake out all the contra players. Cha Cha Cha! Boom Boom Boom! will go on for a while before anything of material will arise. So at the meantime we just enjoy the Arabian belly dancing and Cha Cha dance first while the operators busy making arrangement to push up XOX shares.


One thing for sure is that some people are quietly collecting at RM 0.14.

Happy Trading

Hello jstockman, did you read my post yesterday? I have already said that japanese candle stick, Ichimoku, mahendra trading signal or even Turtle F1 signals are NOT reliable in their buy/sell signals. I repeat they are NOT RELIABLE.

Japanese candlestick patterns are one of the worst because it can be easily manipulated. If you look at the audit trail from yesterday's trading. From 4.20pm onwards there is not a single lot done on RM 0.145. This causes XOX to close down RM 0.005 which resulted in an inverted hammer. If you are a Japanese candlestick fanatic you could have unload all your XOX holdings. Which i believe you did yester unloading 800 lots.

But if someone maybe me or you bought 1 lot at RM 0.145 from 4.15pm onwards then it might change the story. The candlestick for yesterday's closing will be another doji which recommends you to buy more. Right?

So why trust something that can be manipulated by anyone with a few buy/sell action? Japanese candlestick patterns can be man-made even by me and you !! You just try to undo the RSI divergence. See how many lots of XOX you need to turn it around? Tell me if i am wrong.

Happy Trading

Well it is not a change of stance. As said i am a perma-bull of XOX. Currently there is a pyschological war going on in XOX. There are parties tried to talk negatively and spreading rumours about XOX.

In the end the truth will unfold. XOX have been accumulated quietly for the last 4 months or since last December. This is normal course of action after a stock has been battered. It is still not far from December 16th low of RM 0.165. The stock has been trading within the band of RM 0.14 and RM 0.215 for quite some time.

Volume is seen healthy which shows interested party are actively buying. If you look at the MACD bars they are traded within a very tight range since December. But recently what i am waiting for for the past few months finally emerged.

A Divergence in the RSI. This normally shows the strength underlying the stock. It is like when you depress a spring with your hands. Once let go it will explode up. This is shown by the tight range of the MACD oscilators for the past few months.

Just look at the volume traded for the past few months. 1 lot sold equals one lot bought. So when time comes when the collection is done XOX will just FLY. It will be the next Star Performer in Bursa with volume traded in the Top 10 like AAX and Airasia now. If you folks can remember when Airasia was accused of cooking its books. Its shares went down from about RM 3.00 to RM 0.78. What were the rumours then? Better wait buy when it goes below RM 0.50, buy at RM 0.35, buy at RM 0.25 and so on.

So what happened to those who waited for Airasia to go below RM 0.50?

Happy Trading

See folks you need time and patience. There are a lot of underlying strength beneath XOX. Invisible big players have been accumulating. But there are some big liquidation from a few accounts lately. That is why it is preventing XOX from making its ascend.

XOX will ascend when liquidation from those accounts are done. XOX will be the STAR performer in Bursa in the next few months. Look at Airasia and AAX their shares have been trading on the top 20 for the past 2 months. Their share price kept ascending after minor profit taking. I believe we will be seeing XOX moving in similar path soon because of the volume traded in XOX.

If you look back at ifca and vivocom there trading path are similar. Large daily traded volume before their ascend. Just hang on.

Happy Trading.

Stock: [XOX]: XOX BHD
Feb 17, 2016 10:02 AM | Report Abuse

Bursa should break 1671 which was set on 10/02/2016 today. Thereon it will test the 1706 level set on the 30/12/2015. It will put it above the MAV 100 which will be mid term bullish.