maxprofit2020

maxprofit2020 | Joined since 2019-11-29

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Stock

2020-03-10 19:17 | Report Abuse

@ newbie230, I do not think anybody can confirm a single stock tomorrow will up or down.

Based on chart, it is still on downtrend.
However as it just drop from 1.22 (highest) to 1.01 (lowest) from Fri to Tue within 3 days, it will volatile thru & forte between SMA 200 & SMA 90 (1.05 - 1.25) for next couple of days.

Only if it break below 1.05 (closing), then there is risk for further down to < RM 1.
If it break above SMA 90 = 1.25 (closing), then it reverse back to uptrend with next resistance 1.32 = SMA 30.

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2020-03-10 17:52 | Report Abuse

Salute to you guys can debate the whole day for KNM.

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2020-03-10 17:42 | Report Abuse

Just a reminder :

The downtrend is not over yet although today technical rebound to 1.12.
1.05 (closing) cannot break for this week in order to confirm a rebound is sustainable
If this week closing break 1.05, it may trend down to below RM 1.

Current resistance is SMA 90 = 1.25 (if 1.05 able to support).

Stock

2020-03-10 17:35 | Report Abuse

if you travel to China (of course after the outbreak over), you will realize that Chinese in mainland China make payment mainly cashless, even hawkers and street markets.
Malaysian had been outdated but that is the trend worldwide, just like in the past ppl Q in bank for cash transaction but nowadays a smartphone will do most of the jobs.
We are late does not means we deserve stagnant.
We invest for the future trend.

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2020-03-10 13:26 | Report Abuse

@Paktua, long time no see, great that you are here with your troops.

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2020-03-10 12:05 | Report Abuse

@Aseng, totally agree with you.

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2020-03-10 12:01 | Report Abuse

I wont be surprise if the price trade at the level of 2018 Aug ~ Dec.

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2020-03-10 11:43 | Report Abuse

@ Investing_Bursa
I bought early Feb at 1.2x when it rebound from bottom.
I sold all same month at 1.4x when there are bearish signals.

Current price is 0.9x and waiting for a good entry point to buy back but yet to see any trend reversal.

If I ignore the TA, I will end with holding 1.2x, watching the price up to 1.5x not selling and down to 0.9x still hold and end with a lose.

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2020-03-10 11:37 | Report Abuse

@hng33, welcome.
I hesitate to buy back as waiting for a good entry point.
sold last month at 1.4x as observed several bearish signals, waiting for a trend reversal then only buy back.

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2020-03-10 11:22 | Report Abuse

AA lowest 0.965, start moving toward the real value in current condition.
Still have room for further down.

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2020-03-10 11:16 | Report Abuse

Just for reference (TA point of view) :

1) SMA 3 - 12 had crossover SMA 50 & 90 yesterday and moving toward to crossover SMA 200.
If SMA 3 - 12 also crossover SMA 200 = 1.02 by this week, expect a further drop in price.

2) SMA 50 & SMA 90 are currently trending down as well which is a sign of bearish trend.

3) SMA 200 = 1.02 instead of a support, now became a resistance. Once SMA 200 also trending down, expect a more significant drop in price.

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2020-03-10 11:06 | Report Abuse

IDSS short sell RM 2.55 mil at RM 1 in first 2 hours.

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2020-03-10 11:03 | Report Abuse

@ sardin81, no worry, we will enter and support once the current downtrend reverse to uptrend.

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2020-03-10 11:01 | Report Abuse

IDSS first 2 hours short selling RM 1.57 mil at 0.145.
Intend to buy back 0.135/0.14.

Do not buy higher then what IDSS sell.

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2020-03-10 10:34 | Report Abuse

SMA 200 1.05 is the critical support.
whether to rebound from this level or continue further downtrend depends on the closing this week whether can sustain above 1.05.

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2020-03-09 22:33 | Report Abuse

Oil & Gas relevant companies will not be recovered within short term.

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2020-03-09 21:52 | Report Abuse

Dow Jones opening already fall close to -2000 points, -7.6%

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2020-03-09 19:59 | Report Abuse

@ MacDee34, I agreed your points.

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2020-03-09 19:05 | Report Abuse

today only IDSS made money.
they short sell RM 1.89 mil at RM 1.1 (average).

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2020-03-09 19:02 | Report Abuse

current chart just look like bottomless with no support at all.
it will be free falling.

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2020-03-09 18:36 | Report Abuse

Previously it was below 0.1 from Dec 10th, 2018 to Feb 11th, 2019, totally 2 months. Plenty of time to buy low.

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2020-03-09 18:33 | Report Abuse

Guys, let it free fall, don't rush in to buy, current price is still too high to buy, the chart just look like a Niagara Fall.
Do not use our limited resources to buy at current price to catch the falling knife, only buy when it drop to 0.1 or below. Best is 0.07.
It will not be a "V" turn, just refer to last year trend chart, it will stay below 0.1 long enough for you to buy, no point to rush in above 0.1.

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2020-03-09 17:13 | Report Abuse

Finally the closing < RM 1. It will be free fall from here.

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2020-03-09 17:07 | Report Abuse

Refer to year 2018 Aug ~ Dec trend chart, it looks similar to current trend.

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2020-03-09 17:04 | Report Abuse

Just take note :

1) SMA 90 today crossover > SMA 10 => Bearish mode with price drop as expected.
2) Closing at 1.08 is very close to SMA 200 at 1.057, once the price break lower then SMA 200, it will free fall below RM 1. However, if SMA 200 able to support strongly this week, still a chance to rebound from bottom.

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2020-03-09 16:48 | Report Abuse

With 0.13 lowest today, target price 0.07 is only -46% (-0.06) to go.

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2020-03-09 16:43 | Report Abuse

The gap from current price of 0.97 to rebound back to the peak of 1.57 = delta 62%.

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2020-03-09 16:36 | Report Abuse

Take note that SMA 200 is the critical support level. Once it broken, the confidence level broken as well.
OTB, do you agree ?

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2020-03-09 16:33 | Report Abuse

I analyzed TA to decide the entry point & selling point, only bought one time 1.2x by early Feb and sold one time 1.4x by mid-Feb, from mid-Feb to now not yet buy any Jaks and just patiently wait for a good buying point as the chart is showing a bearish trend with no sign of rebound. Yet being identified as "Day Trader"?? I think most traders in this forum traded Jaks much more frequent then me (only buy 1 time a mth, sell 1 time a mth).

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2020-03-09 16:25 | Report Abuse

As expected, once SMA 200 = 1.02 support broken, the price will free fall.
Current chart looks more like year 2018 when it free fall from RM 1 to 0.405.

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2020-03-09 12:59 | Report Abuse

Buy when the chart is showing a golden cross for uptrend.

Don't buy when the chart is moving toward a death cross which is the trend happen now. Definitely the price level now is not a good price to buy.

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2020-03-09 12:42 | Report Abuse

do not buy during downtrend.
let the price free fall to bottom, it will stay at bottom long enough for you to buy before it rebound.
no need to rush in to hold, keep average down until out of bullets and watch the price continue free fall.

the chart is a waterfall, don't catch the falling knife.
it will have temporary fake rebound from time to time (like this morning to 0.165), but it will fall back fast to lower low to trap in more traders to hold at high price.

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2020-03-09 12:34 | Report Abuse

by the way, anybody see Paktua in any counters lately ? miss his song..

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2020-03-09 12:32 | Report Abuse

hope nobody here bought high last week after several reminders for the downtrend.

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2020-03-09 12:13 | Report Abuse

Dow Jones future drop another -1198 points, -4.65%

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2020-03-09 12:07 | Report Abuse

greedy to buy low need to have bullets available also.
if traders holding high and stuck at high with no available bullets to buy low, can only watch the show without action.

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2020-03-09 11:52 | Report Abuse

breaking new low now at 0.14.
0.07 is an achievable target, only -100% to go.

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2020-03-09 11:27 | Report Abuse

if SMA 200 broken, the chart may looks like 2018 Aug - Dec's range.

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2020-03-09 11:22 | Report Abuse

seems there is a magic hand holding the price at RM 1.
each time it drop below RM 1, price being push up back to RM 1.

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2020-03-09 11:17 | Report Abuse

the critical support now is SMA 200 = 1.02.

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2020-03-09 10:47 | Report Abuse

take note that IDSS short sell at 0.153 (average), and intend to buy back at 0.145.
do not buy higher then what IDSS sell.

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2020-03-09 10:45 | Report Abuse

back to 0.145. those chase high trapped in again.

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2020-03-09 10:39 | Report Abuse

current price = Nov 1st'19 level

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2020-03-09 10:18 | Report Abuse

1.05 now.
if SMA 200 = 1.02 broken also, a waterfall will follow.

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2020-03-09 10:06 | Report Abuse

when it was 1.5x, brave to buy.
when it is 1.1x, fear to buy ?

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2020-03-09 10:04 | Report Abuse

Today is the first time SMA 10 < SMA 90 since June'19, a bearish trend.
Buy only when there is a clear reversal from bottom with positive market sentiments.

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2020-03-09 10:01 | Report Abuse

Last Friday for the first time since Oct 9th'19, SMA 10 < SMA 50, the price drop to lowest 1.21.
Today for the first time since Oct 8th'19, SMA 10 < SMA 90, price drop to lowest 1.1.
If current support 1.1 also broken, next support will be SMA 200 = 1.02

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2020-03-09 09:51 | Report Abuse

Despite several reminders for the waterfall is coming, last week when there was still chance to sell at > 0.2, many still believe that it will rebound from 0.2.
Now at 0.15 level, those who still hold and out of bullets to average down shall be regret by now.

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2020-03-09 09:46 | Report Abuse

We have to believe Public Bank's professionalism to forecast the price at 1.13.

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2020-03-09 09:18 | Report Abuse

with current price, 100% of traders who bought and hold since Nov 29th to now are making lose.