when it drop to 0.035, it was opportunity to buy but in reality most ppl fear to buy or even cut lose.
when it rebound, only retail traders panic buy, on paper it already rebound 43% from 0.035 => 0.05.

now officially entered the first resistance 0.05 as projected.

within seconds, 0.045 cleared.

If it is a real gold mine, it those not need to create a separate group to promote the stock with very careful calculation. A real gold mine price will surge by itself without advertisement.

This stock is on Super-downtrend ever since it trade below SMA 200.

A few observations :

1) Traded volume reduced from Mon 363M => Fri 30M. The selling had been diminishing to very minimum. Either for big holders like Fintec to realize quick profit from the 34M units (bal holding 232M units) at 0.04/0.045 or retails traders being forced sell at 0.035.

2) TA indicators reached bottom by Thurs. Fri start to reverse from bottom.

3) Short term moving average lines reached bottom by Fri and start to form a U turn.

There is high probability that next week will be a rebound with resistance at 0.05 - 0.055, however if there is still remaining forced selling at 0.035, I will be glad to collect more (Fri matched some at opening).

the joint venture is PDZ and Sanichi together.

before the official announcement, PDZ already surge one round from 0.04 to 0.325 (> 700%). next week will be 2nd round.

Sanichi Fri closing 0.075 not yet start the first round.

if follow the date, Jul 13th - 16th is to create fear for ppl to sell low for collection at 0.07/0.075.

after collect enough stocks, Jul 17th start to release good news for Mon gap up.

this is how the game being played.

https://www.theedgemarkets.com/article/pdz-sanichi-jointly-develop-ecommerce-logistics-hub-johor

KUALA LUMPUR (July 17): Shipping firm PDZ Holdings Bhd and precision mould maker Sanichi Technology Bhd will jointly design, develop and manage a regional e-commerce logistics hub on 94.7 hectares (ha) of land in Desaru, Johor.

The two listed companies said they had concluded a collaboration agreement that would lead to the formation of a special purpose vehicle (SPV) to carry out the project.

"The massive 234-acre targeted location site for the e-commerce logistics hub is intended to facilitate bulk-breaking, packaging and distribution throughout the Southeast Asian region,” they said in a joint statement today.

In the collaboration, PDZ will provide its technical expertise in logistics management to design and implement an automated digital platform alongside world-class information and communication technology infrastructure to facilitate the operation of the e-commerce logistics hub.

Sanichi, a precision engineering company and a property developer, will be responsible for securing the site and permits with the relevant government agencies, coupled with designing, developing and construction of the entire 94.7ha site.

There may be other yet-to-be-identified stakeholders involved in the venture, the companies said, adding that they would finalise the complete list of stakeholders within 90 days from the execution of the agreement to form an SPV to execute the mega project.

https://www.theedgemarkets.com/article/pdz-sanichi-fgv-daya-materials-lkl-perdana-petroleum-naim-boustead-and-willowglen

KUALA LUMPUR (July 17): Based on corporate announcements and news flow today, stocks in focus on Monday (July 20) may include: PDZ Holdings Bhd, Sanichi Technology Bhd, FGV Holdings Bhd (FGV), Daya Materials Bhd, LKL International Bhd, Perdana Petroleum Bhd, Naim Holdings Bhd, Boustead Holdings Bhd and Willowglen MSC Bhd.

Shipping firm PDZ Holdings Bhd and precision mould maker Sanichi Technology Bhd will jointly design, develop and manage a regional e-commerce logistics hub on 94.7 hectares of land in Desaru, Johor. The duo said they had concluded a collaboration agreement that would lead to the formation of a special purpose vehicle to carry out the project, which will facilitate bulk-breaking, packaging and distribution throughout the Southeast Asian region.

Before a big announcement by Fri, it purposely press down the price to 0.07 / 0.075 for collection.
Monday will gap up.

A good closing today with all the TAs start reverse from bottom.
Shall 0.04 being breakthrough by next week, first resistance shall be 0.05 - 0.055.

the day chart showed the Stochastic Oscillator almost cross at bottom
hourly chart showed SMA 10 started to moving upward at 0.39 by noon, resistance should be SMA 50 at 0.05 - 0.055.

volume getting very low to clear remaining weak holders at 0.035. as long Fintec do not further dispose, bottom shall reach today, waiting for rebound.

it shall be rebound next week.
now is clearing those chase high to force sell at 0.035.

Fintec disposed :

July 14th - 21M units
July 15th - 13M units

Bal holding 232M units (14% of total Vsolar shares).

still waiting for 0.03 - 0.035, had been Q almost a week.

still patiently Q to collect 0.03 - 0.035.
those panic buy 0.045 in past 2 days will be forced sell this week.

still patiently wait at 0.03 - 0.035.
hope can collect this week.

@nokchin, thks for yr good words.

you can google to learn what is right shares, warrant and how price get dilution after additional shares listed.

example refer to below links :

https://www.investopedia.com/articles/stocks/11/dangers-of-stock-dilution.asp

https://www.investopedia.com/investing/understanding-rights-issues/#:~:text=A%20rights%20issue%20is%20one,often%20to%20pay%20down%20debt.&text=With%20a%20rights%20issue%2C%20because,and%20will%20likely%20go%20down.

as I am seeing a lot of new traders rush in to buy last week between 0.055 - 0.08 while knowing today after over one billion right shares listed, in theory price will get dilution which you can read all my comments last week for the alerts & sharing.

it is a very normal tactic for the operator to push up the price before right issues for the purpose to release their on hand stocks at higher price while retail traders rush in to chase high and being "trapped-in". after additional shares listed, price dilution will emotionally influence retail traders' decision to panic sell at lower price when seeing the opening price gap down.

hope today can collect at 0.03 - 0.035.

hit 0.035 liao, align with my projection last week.

warrant conversion 0.03.

mother 0.04 equivalent to wb 0.01
mother 0.045 equivalent to wb 0.015

last week sold all at 0.075 - 0.08.
today collected back double volume at 0.04, hope able to collect below 0.04.

opening will be gap down, good opportunity to collect low.

everyone understand buy low sell high.

but in reality when it was 0.055-0.08 past few days, suppose for the purpose of selling high, retailers chase high.
Mon when it trade below 0.05, suppose for the purpose of buying low, retailers will panic sell low.

those retailers bought after ex-date above 0.055 and chase high at 0.07-0.08 in past 3 days will start panic sell by Mon when see the price dilution below 0.05.

good time to collect low by Mon.

Mon will be good time to collect low.

@ Kubis star, if you put same question for past 2 days, why ppl bought at 0.07 - 0.08, while can easily buy at 0.055 today ?

Ex-date = June 15th.

1) If you are holding stock before the ex-date and subscribed with full payment for the rights, you are entitled for the free warrants.

2) If you only buy stock after the ex-date, with no subscription & no payment in full for the rights, you are not entitle for the free warrant.

for # 1 : By Monday you will have the rights share + free warrant, average down the original share you hold, may worth to hold & wait for rebound.

for # 2 : if you bought after the ex-date, by Mon after the price dilution, you will see your holding stock value drop with no free warrant.

0.05

RI 1317M x 0.03
NOSH 1643M x 0.065 (estimate)

Adjusted price by Mon below 0.05, if consider in panic sell & forced selling (those who bought since yesterday and hold upto Mon), 0.035 - 0.045 is possible by Mon.

share price dilution with over one billion shares listed by Mon.
yesterday's surge look more like big guys want to dispose share at 0.07 - 0.08 before Mon.

base on current rebound and positive momentum, tomorrow shall able to see a gap up.

Stochastic Oscillator golden cross yesterday
ADI golden cross today

EMA 50 (0.209) going to cross above EMA 90 (0.213) by this week, reverse the death cross since Jan 13th. A long term uptrend will form.

hope this week can break 0.275 resistance.

SMA 50 = .197
EMA 50 = .209

both are strong support.

WTI break USD 40 again !!

engine warmed up !!

finally the TA indicators showing sign of stop moving south and start to reverse today.
hope tomorrow can have a long green candlestick to break 0.25.

operator had been pressing the price and doing buy & sell by themselves for more then one week from 0.255 to 0.2 but not many retailers participate the selling down, most of the big volume are left hand to right hand only, don't think operator can continue to press down the price furthermore, the only way to make money is to start goreng up the price.

another day waiting at 0.20 cannot get.
operator buy & sell sendiri at 0.21 and block 0.21 to force retailers to sell at 0.205.
not enough tickets to goreng as very minimum selling volume really come from retailers for 0.205 & 0.21.

Ethanol price had been rebound from Mar low = 0.85 to Jun high = 1.28

Thai ethanol producers are now allowed to sell alcohol to hand sanitiser and cleaning agent manufacturers without seeking government permission.

The energy ministry announced the change as part of measures in response to the Covid-19 outbreak. Only a small number of plants previously could sell their product to companies outside the fuel industry, but the Thai government is seeking to reassure the public that enough ethanol is available for medical purposes.

@ Mabel

KNM's Thailand site Impress Ethanol is producing hand gel which is a healthcare product.

https://www.impressethanol.com/product.htm

General Lee need to do advertisement to promote the product during this outbreak period especially 2nd wave is coming. It is a worldwide requirement.

A company that record 5 x consecutive positive profits with PE 11.19 even during outbreak period shall worth much more than 0.21.

Once SMA 200 resistance breakthrough, KNM shall fly.

Waiting at 0.20 but seems selling volume is very low. the whole day the operator buy & sell at 0.21 by themselves. today shall be clearing all the contra kaki and weak holders, and very minimum willing to sell at 0.21 after 4:50pm.

with the momentum reverse, tomorrow shall start to rebound.

Next 3 resistance :

Jun 19th high = 0.255
Jun 3rd high = 0.275
SMA 200 = 0.29

QR already out last week. It is the 5th quarter KNM making positive profits.
However, KNM's pattern is it wont immediately surge after good QR release.

yup.

the volume buy up from 0.19 => 0.25 almost equal to volume sell down from 0.255 => 0.215.
with lack of retailers participation and force selling mostly clear out, operator have to buy <=> sell at 0.21 to attract buying/selling interest.

when it was 0.225, a lot of retailers panic buy up.
now at 0.21, lack of buying interest..

this forum suddenly very quiet..

DJ drop -700 due to fear of second wave outbreak, may able to see 0.2 today.

the second wave outbreak means the requirement resume for ventilators and PPE which is K1's key focus in 2020.

CFO cash out first and buy back lower .. haha.

yes, I agreed with mh87. what we can do is reference to past performance, K1 is making profits at least the past 2 years 2018 & 2019 every Q.

If I referred to the chart for June :

Jun 11th lowest = 0.44
Jun 15th highest = 0.555

Jun 18th lowest = 0.455
Jun 22nd highest = 0.51

it seems is a normal cycle for K1 to trend up & down every week.

and retailers are panic buying from the CFO...

Group CFO disposed share :

Jun 22nd = 2 mil units
Jun 24th = 1 mil units