leslieroycarter - You are certainly right on the technical outlook for Mpay.

But, aiyoh, your track record is that when you post here, the counter moves up - I still need to collect at 27.5sen. Now looks like cannot!!

(Just joking , ok! No offence meant)

Still in uptrend, broke thru ascending wedge at 88sen and resistance at 93sen. Should touch 99.5/1.00 before retracing to 93sen

Just imagine - mother/Wa/WB is 24-4-7

Clj Jun - WA/WB now 4/7, in cantonese sure die

If it is primary wave 3, then not a very good start

richman - does that answer your query on the operator's "hidden" agenda??!!

Today is 4-4-14: definitely not a good day for any china counter. Some more mother share is at 24sen

Now 24sen. Another 4sen down to reach 20sen - then fully designated as china counter

This counter doesn't allow contra. Best to buy and keep - TP of 1.50 by bonescythe should be achievable but probably at a snail's pace everyday.

richman - that is a possibility but if they do so , watch for bull traps at every turn

For me, I'm trying to learn from this operator - don't really dare to take a position unless the trend is clear

Haha! No Fryday for this counter. Seems that goldman_trader is correct except that it didn't go kao kao either way

This operator's MO is very hard to fathom. The WA and WB already close to zero - do they really want to whack it down to zero?

At the moment, technicals all show continuing downtrend so I don't think it is wise to take any positions.

bonescythe - thanks, bro.

richman - no sign of goreng. WA now 3,5sen - seems they anticipated punters will move in and play

bonescythe: what is your expert opinion on this move - can it break 1.00 these few days?

Technicals actually are looking good. So, if tomorrow the counter is up with volume, then can see a further uptrend.

Hopefully it is not a 1-day show as I speculated earlier.

Don't worry bro mike. I am a silent reader here and love seeing you in action.

You always highlight that buy/sell is at our own risk and you do give adequate notice on buys/sells to those who are monitoring constantly. Those who cannot monitor constantly really should not trade but if you do, it is at your own risk.

lim88 - Technical indicators all show that it is still in downtrend. So, we have to assume that the price has not bottomed. But the price can turn on a dime if the stock is cornered and or manipulated.

I dun see any UMAs for XDL at the moment as the price drop is consistent with the heavy selling of its warrants.

xlan - you will need to track the technicals; at the moment the counter is trading at the bottom of the bollinger bands with all technical indicators in downtrend; in addition it is going down with high volume.

Technical indicators need to start turning up with a good candlestick formation before we can say that the stock has bottomed. But, of course, if the stock is being gorenged, then anything goes.

bomoh1 - DPP real chinaman woh! He will know Sun Tzu better than us.

Best to let share price bottom 1st.

Yes, as I highlighted earlier, Metronic has resumed buying. On 1 Apr alone, 4.5mln shares, and very likely yesterday and today.

With all panic sellers and contra kakis out of the equation, we should be seeing a resumption of the uptrend.

So many Mpay-ians (hat-tip to 4u2c) here and only Fooksing Wong dares to buy!

zmgoh - Quite likely someone is collecting whatever he is selling. Very few traders would be buying when they expect T+3 2moro.

Cheah Khuan Jin - wah, still dare to play! Can make only if they allow shortselling - then can join the operators.

I thought most of us are still monitoring the counter - enter and trade only when the stock really bottoms.

richman - If DPP starts selling his mother shares, then it is sayonara.

Normally, the mothershare is sold down when the shareholder cannot meet margin calls (I have seen this happen to some of my old bosses during the last bursa crash).

More likely that the warrants have been sold to finance the purchase of mother shares - DPP did buy a block at 40sen.

Almost everybody starts as a trader and if poor trades, then he becomes an investor.

As they always say, hope is not a strategy. So, you will still have to look at the trend and for any changes in trend to decide on the best direction for your trades or investment.

Both trading views and investment views should be welcome - if it is a good FA counter, all the more reason to both invest a portion and trade the balance.

richman - Based on the latest announcement, DPP has sold all his warrants.

Since there can be no more warrant sales by the controlling shareholder, will there be an uptick in prices? The mother price will have to be monitored over the next few trading days for a hint of what is happening - if further drop, then it's goodnite to all retail shareholders.

It appears that there are still a lot of punters in this stock even though the volumes are quite "fake".

If that is the case, 10sen TP looks quite real.

Closed at 96sen - looks like it is still uptrend. Tough to trade tho" like I highlighted earlier.

Andre Kua - the PBD is essentially the last prime parcel in Bangsar/Bkt Damansara. Malton has transformed into a premier property developer and with their reputation and marketing reach, it is hard to see them fail in this project.

Closed unchanged at 25.5sen. More accumulation by the operators 2moro!!!!

I wonder what really is the operators game. Earlier EricD2D had some theory and also CheeBy (but he did not say). Anybody with a theory?

Maybe it's payback for MH370 - crash the stock and never to recover.

After all, WA is 4sen, WB 6.5sen and the mother 25sen. Dropping at a rate of 1.5 to 2sen per trading day, the mother should be below 10sen in 2 weeks.

To be fair, the company did give a hint - Ah Jib Gor's immediate family involvement which of course means "big crash ahead".

Yes, it looks like goodnite

Just the operators showing off. But 20sen seems to be the TP

Non-stop selling down. Like Clj Jun said, cut loss or hold.

But don't trade.

The operators are trying very hard to make the counter fit the definition of a china counter ie share price at and around 20sen with very little upside or downside, and of course totally no dividends (why should they pay any dividends to Malaysian "investors"?).

So, their efforts should be respected.

minitrader - see matrixcool's analyis below:

"MPAY---Stage 2 of the cycle and very bullish..It hit the high of $0.32 on 01/04 and start to consolidate today. Any weakness towards support of $0.27 and strong support of $0.25 offer opportunity to collect for future play.As long as it stays above its uptrend line of $0.255 it is expected to retest its immediate resistance of $0.325 and next target of $0.385. A break below $0.25 spell troubles ( violated its uptrend line) and exit if $0.22 is violated."

Mpay had very heavy volume with price spike on 1 April and is well supported today. 2moro T+3 and Mon T+4 - look at the support of 27sen and see if you would like to switch.

madiba - don't worry too much about optimus7. But he does have a right to state his opinion although not in foul language - that is inexcusable.

You may not have been using TA but matrixcool happens to have the same analysis as you and this guy is good, ok!!!.

There is strong support today as many are anticipating a further uptrend.

I would think that T+3 and T+4 selling will still set in. So, still got an opportunity to buy if anyone here still have funds. Like madiba said, no contra please. Unless you are an expert like optimus7 with all the correct entry and exit levels.

madiba - this is from matrixcool at Trading Stocks

MPAY---Stage 2 of the cycle and very bullish..It hit the high of $0.32 on 01/04 and start to consolidate today. Any weakness towards support of $0.27 and strong support of $0.25 offer opportunity to collect for future play.As long as it stays above its uptrend line of $0.255 it is expected to retest its immediate resistance of $0.325 and next target of $0.385. A break below $0.25 spell troubles ( violated its uptrend line) and exit if $0.22 is violated.

Ping-pong show just started. Now it's totally shiok sendiri.

WB sellers at 11sen suddenly disappear, and WB bidded to 11.5sen.

Maybe got show after all.

Haha! Slight movement up immediately after my post!!

Buy/sell price and volume just sitting there. Appears very undecided - may have to wait another 2 days before the contras over the past 3 days are cleared.

Wah! Why keep hammering madiba? If not for the excellent analysis, most of us would not be here.

If anything, optimus7, please give us some tips on the entry exit points for trading this stock. I thought this forum is about sharing and I will be more than grateful for your trading tips (considering that you have so far made the correct entry/exit calls).

Linabee - even more reason to liquidate and switch to other counters

Stevecheahsw - that's rite.

If high volume but no price movement upwards, then better be cautious.

spear - That's why it is better to switch. Just looking at the sell volume of 11 million at 26.5sen will make you sweat buckets if you are a daytrader on the wrong side of the trade

Clj Jun - yes, rsi and stochastics are overbought for Mpay due to spike on 1 April.

T+3 2moro and T+4 Mon can give long term XDL holders an opportunity to switch.

Agreed that you should not daytrade XDL. Mpay is not for daytrading either

angelina2 - if it doesn't break 93sen and rebounds with volume, then short term TP is as per bonscythe ie 1.00

Looking more and more like 1 day show!!!

Stevecheahsw - Yes, looks like it. Still a lot of buying at 25 to 25.5sen.

But the collection exercise may take some time before the operator starts the show.