madiba - Many thanks for the update. I was actually highlighting selling exhaustion.

I think should break 95sen, touch 98 and then close at 95sen

In addition, the IPP licence is strictly regulated by the Indian authorities (stifling bureaucracy is a better word). Seems the authorities there had problems with the coal quality being supplied as the energy output did not meet their stipulations. Anyone here has any update on whether this issue has been resolved.

Game plan - If things go wrong, Mudajaya shares in the pain? If things go right, the Indians take the cake and eat it?

Practically zero buy/sell orders in the counter and extremely low volume done. Perhaps optimusprime is holding down the counter???

Appears that KNM-WA is heading to the 1st TP of 50sen posted in the KNM thread. It is leading the mother share, haha!

Jason Hiew: Keyword - illiquid, Market Correction - Stampede and Waterfall drop (if not a long term investor in the counter).

Do invest or trade cautiously.

Mtronic disposal is not necessarily bad news. The big block placed at 23sen yesterday morning was steadily bought by others. This stock does not seem to gather much interest from retailers. So, who bought?

Anyway, the technicals are neutral. Any uptick could indicate the start of a new wave up.

optimusprime - No offence meant but bro madiba has been giving good guidance on this counter perhaps because he has been concentrating his efforts and research only on MPay. Everyone knows that you can make a lot of money if you hit just one good counter and stay fully invested.

I was playing KNM-WA too over the past week and the last entry was at 37.5sen x 400k but this was fully sold down yesterday morning at 39sen (T+2). If I had your experience, perhaps I could have made another 2.5sen as the WA closed at 41.5sen and I had another trading day till T+3 today.

Now, if you could give all of us some proper advice on MPay (in polite language please), I'm sure most of us will take heed. Your stock market experience will surely help.

Good morning bro newman & all RCSSP mates - Lim Kian Onn just declared substantial shareholder status in Pelikan. He was just below 5% previously. If this chap is playing, may not be easy as he is a very seasoned hand. But do let us know a good entry point.

Also, how do you see MPHBCAP - there was a spike 2 days ago due to Surin buying. Kuya Hawk confirmed w3sw3. Any possibility of intraday trade or contra trade? Technicals do look good.

I'm already in KNM day before - thanks for your confirmation - and was also trading the WA but closed my WA position too early yesterday morning at 39sen. Should have waited!!!

Relax adzrul - selldown at very low volume means selling exhaustion. Should be a good time to top up.

The counter should complete Wave 3 SW 2 (correction) by today. Wave 3 SW 3 is a very strong upward move.

KNM - if they want the EGM to go smoothly on Saturday, sure they will play up these 2 days

Today like bro newman looking at KNM. But all KNM-WA sold this morning - should have waited for another 1sen

connie: ysday breakout price so sure in and also bcos got news on the insurance stake sale

TQ Lady Hepi - with your cheerleading, KNM sure reach 1.50

kuya hawk: TQVM - ysday in 2.00 out 2.08, today follow you in 1.98

kuya hawk: can you please give immediate and final TP for mphbcap? thks

This counter can watch today - see if the big sell volume at 23sen can be taken out, Could be the start of a new uptrend if it is take out successfully

Looking at MMSV now. If big block at 23sen is taken out, should be start of w5

dragonslayer - I am only sharing my opinion. You have to make your own decisions.

Lost a fair sum in some counters earlier this year bcos of bullish research house recommendations. I mean, what can go wrong when the analysts offer such wonderful analysis with high projected TPs.

So, all I am saying is be careful when the research etc is all hype.

Bro madiba really has a very good feel on the market pulse in regard to this counter. Best for all of us to follow him closely. But don't blame anybody if anything goes wrong - we have to take responsibility for our own investment decisions.

Many thanks, connie. Hope I can contribute.

Let's not flame others, kk123 is entitled to state his opinion.

Looks like wave 4 hasn't completed. Technical indicators all point down.

Anyway, my view is that daya could be starting on a new w1 movement (very hard to play as it is very high volume with very slow upticks but big downticks) while instacom could be going into w3 soon.

Best to wait for confirmation from the real sifus here especially kuya hawk.

bracoli: where got sifu, learner surfer leh! now scared of listening to all those research houses and prefer TA - bought and lost money in daya and instacom bcos I thought these were safe to buy and hold based on the analysts recommendations.

kuya hawk: U d man! Thanks for the confirmation.

Connie: Still newbie, that's why always asking for confirmation. Only started trading Jan. this year n now trying to combine candlesticks n ombak-ombak

CT: Sorry - I mean MPHBCAP w3sw3

CT: Also, how about MPHBCAP - feels like w5sw3 also and with today's breakout, should be heading much higher.

CT - If Malton is now in wave 5, any possibility it's at w5sw3 with a turning point soon into sw4?

If they do buyback, then it would be good news as this supports the price. I suppose if Mtronic continues buying and if the company starts share buybacks, then the trend should be up.

pzul - Chartwise, the counter is doing fine ie consolidating after the rise from 22.5sen.

madiba already gave the correct advice - no contra and if you believe, then buy more around 30.5 to 31.5 which is a strong support area.

I feel that the counter will slowly trade upwards from tomorrow and then trend upward strongly - buy, accumulate and hold is advisable if one wants to realise the full value.

This is my opinion only and you should judge for yourself whether you would like to invest (not trade). Trade at your own risk!!

kuya hawk: Really, really, thanks again. I do have a base position in this stock from 18sen

kuya hawk: What do you think of MPay? Feels like w3sw1

kuya hawk - many thanks again. was waiting at 98sen but didn't key in order. so, just let it run then

Malton just broke 1.00 - kuya hawk: is this wave 3?

My apologies to the folks here - looks like the short covering is stronger than I expected. Needs to close above 2.675 for a chance at a reversal

It's ok. Even 30.5sen is still above uptrend line. Selling should be tapering off very soon.

Like I said, technicals are weak and counter can be short sold. So, selling begets more selling. May be sold down to 2.52 before short covering back to 2.58 - 2.60.

Connie - may b shouldn't admire, just hantam??!!

Connie,

Just trading this stock only for T+3. Entry at 2.00. Close to reaching trading limit as I am also in KNM-WA

MPHBCAP still moving up after breaking 2.00 as I highlighted this morning - good fundamental stock with TP at 2.50 to 2.60.

If confirmed W3, then can buy and hold

Very little done at 31sen. I'm also waiting there to collect for medium term hold

20dma is 2.675 - it already closed below this yesterday and if it again closes below this today, then it will be very negative. Like 7surewin highlighted, it can retrace to 2.37 - 61.8 fibonacci - while lower supports are at 2.20and 1.80

Since we are not in a bear market, fibonacci levels will be more relevant.

I think a closer resemblance to the location is probably a smaller version of Shah Alam.

fortunebullz - Sell call was first noticed lst Friday. Now full fledged selling - this could get worse as this counter can be short sold legally!

fortunebullz - when you say up, everybody wants to buy. when you say down, nobody wants to sell!!

Connie,

MPHBCAP - just broke 2.00. Insider news say TP 2.50 to 2.60. If this is in Wave 3, then good for entry

When technicals look weak - more short selling! Now it is below 20dma and 1st support at 2.64. Next support level is at 2.20

Malton looks ready to break 1.00 this time - good volume and pushing 98sen. Reading by matrixcool says Stage 2 and if break 1.00, then looking at TP 1.20.

Our wave sifus here, how?!!

pzul - good observation and advice. Today actually playing KNM-WA