Error - jump sell to 0.285

Today Sumatec open @ 0.285. & close 0.285 
producing   DOJI candlestick - neutral patterns.

Total Buy Vol     9,540,200            Market Avg Price.    0.28798
Total Sell Vol.     6,483,600             Buy Rate.     59.54 %
High Price.           0.290
Low Price.           0.285                   Volume.            16,023,800. ( not Sumatec standard)

MACD still bearish but has been building up green histogram even though below zero line - showing sign of recovery.
RSI  43  stable for the past 2 weeks 
Stochastic K has cross up price over 5 days  & WR 69 - out of oversold area. - good indication price is getting more stable & not going down.

Overall, not a bad day for Sumatec as price close @ 0.285 ( for past 3 trading days). 
Observe  price has been 0.29 all day but after 4.30pm many jump sell @ 0.85 - due to T4 force selling.
Possibility tomorrow to be able to close higher if not much force selling.

Derrick, nor green oredi marah us... Talk about Sumatec lah... Nanti kena marah lagi how?

Derrick, go to TN logistic thread, you get more cerita there.....

Derick, last date to pay 18/12

Flybird, Of course I believe you. I oso buy before Exdate bonus & going for rights for WR.
Oh I'm keeping this for 6 mths...

Sorry I meant close 2.3 not 3.00

Fortunebull, sitting on my hands... My head is spinning when touch 3.00 just now.
Close my itrade, log out....

Looiks, today I'm fasting, doctors advise stop eating.... I'll continue my sleep
Wake me up when you want to do "trial run"......

Kuali onto others as others will kuali on to you...... New motto.....he he .....

Wow Tessa... Very garang.... Queen of kuali ... Scared man... I better lari fast otherwise the kuali will end up on me....

Amufathal & Winman - 1/4 of my portfolio is Hibiscs.
G packet I don't have much yet waiting for reversal first than decide what to do....
Now sleeping beauty...

Tks CT, I've been applying "let profit runs" for this counter.
Ok let's see if I can a replacement $$$ from other counters....

Right now of course lah Hibiscs uptrending. I've been accumulating bit by bit since price was 1.30... Besides Sumatec, I'm looking @ Tn Logistic & G packet.

Ya lah ..... I want to keep but family pressing for holiday ...
My other stocks all playing hide & seek.... Pening sikit...

Am I in Hibiscus forum or Sumatec?..
Just wondering possibility to swing Hibiscus or not?
Itch fingers ... Maybe swing half first ....

Tessa & CT - for both you. Have a good weekend......
http://www.youtube.com/watch?v=8hhd2vObJ0E

Ok have fun...No movie tonight ....Now watching Bolliwood for a change on TV....he he he... Good night & have good weekend..

Imlegend oso the most active forumers. What are we doing? still talking about Sumatec This Friday night lah..... Not going out ah? Me old folk, sakit lutut... Stay home only...

Dragon, yes most indicators showed improvement.
MACD will change to bullish once price cross MA 21...

Dragon, like I said anything is possible.... Panic selling was created to get lower price.
Let say "interested party" - once they got low price 0.25 ... Next step is to push price to higher level e.g 0.50. There's gain of 50%
Another scenario if panic selling can bring price to 0.175 rights price ( which I doubt so)
They gain 30% (0.25 -0.175 = 0.075) exclude loses.
So you see it will be better option to bring up price than to bring down price.
But according to stochastic oredi make a cross over 5 day price.... Good indication that price is not falling lower.... We shall see.. They might push a bit the price.....
Next week, Looiks train can start "trial run"....

Anbz, ATR given by Tradesignum, We don't have to calculate it...

Dragon, many traders afraid of price go lower than 0.25...(Exdate price) I hope not....
Chan & Wan dispose @ 0.298 & even if they want to make price low, I think the lowest will be 0.25. Let see whether Chan & Wan want to brimg down price another 2 - 3 sens.
Remember the company control this counter - to bring up price back to 0.50 takes them 3 days if they want to. They have done this before in Aug ( before Exdate) & In November. So anything is possible.... Just have patience & faith with the company.
My TP 0.50 by year end

YK, ATR - average True Range ( average price range over 14 days)
Now I'm sure you can make better decision. So understanding TA is more important for Penny stocks than blue chips stocks due to its volatility.

Yk, Based on 3 months chart, price @ SMA100 - price 0.275
So support 0.26 & resistance 0.29. ATR 2.5 sens
Exdate price for rights (17/10) - 0.25 (good support)
So downside is less than upside.
dangerous?.... ..Depends from which perspective you look at. ...
Short term, mid or Longterm?...
Have good weekend....

Today Sumatec open gap up 0.29 & close 0.285 ( same yesterday)
Creating "SHORT DAY". candlestick

Total Buy Vol. 33,082,400. Market Avg Price. 0.28756
Total Sell Vol. 38,280,900. Buy Rate. 46.36 %
High Price. 0.295
Low Price. 0.280. Volume. 71,363,300

A candlestick that has a short day is one in which there has been a small difference in opening and closing price compared with typical trading days in the previous five to ten days. When alone, it only signifies a small range and that the time period was neither bullish nor bearish.

Disappointment day for contra kaki.......

Dragon, I've mentioned after listing - takes 4 - 8 weeks price will be down & moves sideways... Bearish still. ATR - 2 -3 sen. If you go in during bearish time, you will get low price but does not guarantee it will go up immediately, then your capital will be stuck for awhile. But if you go in when there is reversal / uptrend, even though you're not getting low price but definitely you will not get yrself jammed for a long time, you can free your capital faster. This strategy is for short term does not apply for Longterm (any low price is a bargain)...

Dragonslayer, true grave means die - die today only ... tomorrow maybe different show... Not to worry... Have some faith... Sumatec housekeeping still
(gravestone doji represents the gravestones of the bulls that have died defending their territory.)

Derrick, where got die (bad word for me).... Be strong man... It's not the end of the world.

Looiks no TA today....very bz...
Today Sumatec BEARISH & GULING....
Actually closing & 0.285 produce Gravestone doji
(Gravestone Doji – Bearish Reversal Candlestick)

Yanyana, don't look down on Malaysian student.... All my tertiary education in Malaysia,
I graduate from Univerity Malaya but go to England for holiday only......

Looiks has the most lots, always bodek the boss.... Maybe will be invited as one of board member .. Then we have to look for new loco MD.....

CT careful... Nanti kena flag lagi. He he he...

CT & Tessa @ home not enuf ah? ..... Here oso must be together gether.....

Rikki, not hibisians lah..... HIBISCS ..... Learning fast from Steven... He he he....

YK - I hope you're right... Looking forward too.

Tessa, You're the best bodyguard for CT.... Nanti yr hubby jealous how?....

Yes Steven BULLISH ENGULFING.. typo error....I got...
Wah! ! you like my grandmother lah can spot peoples mistakes very fast...
Thank you ... I'm still learning lah...

Citytrader, you are right Bullish Enguling, .. .
For reversal I always check with another indicator stochastic, so far I'm not seeing it yet.
Whatever it is, I'm also happy with Sumatec performance.... Did'nt manage to swing.
Will try again tommorow ...... Rest well...

Derrick I mean GENTING strategy

Derrick, your brain got too much getting strategy eh?.....

I'm lookin @ 3 months chart. (validity 4/12 midnight)
Today Sumatec closes @ 0.30 producing BULISH HARAMI  candlestick

Total Buy Vol   97,766,500       Market Avg Price.  0.2940
Total Sell  Vol.  36,007,400
Buy Rate.    73.08 %
Volume.         133,773,900

RSI @ 45 - strengthen slightly
Stochastic not cross up yet price over 5 days - no clear Rebound sign
WR & stochastic remains at oversold area - still got chance to accumulate low price
Support 0.29 resistance. 0.31
(This TA is not to be construed as buy/ sell / hold call.)

The bullish harami is made up of two candlesticks. 
The first has a large body and the second a small body that is totally encompassed by the first. There are four possible combinations: white/white, white/black, black/white and black/black. Whether they are bullish reversal or bearish reversal patterns, all harami look the same. Their bullish or bearish nature depends on the preceding trend. Harami are considered potential bullish reversals after a decline and potential bearish reversals after an advance. No matter what the color of the first candlestick, the smaller the body of the second candlestick is, the more likely the reversal. If the small candlestick is a doji, the chances of a reversal increase.

Dragon, this what you call "clean up your own mess" don't get other people involve...
Otherwise can become too messy for your liking....

Looiks, oredi clean loco 305 for you... Some more spray perfume Chanel no. 5 all over.
Mmm... Nice smell....Ready for your tourist....

Looiks, 2 days ago went to loco 28... Had good buffet....makan sampai sakit perut
Took pil chit tech on still sakit ...go all the loco searching for you for new medicine, but
Tak boleh tahan lah.... vomit at loco 305. Sorry I'll clean it up for you ok....

My  10 minutes chart shows price start trading sideways 0.295 - 0.30
This morning  bulls lanyak the bears - turning resistance 0.29 to strong support &  let see whether can break resistance 0.30 
MA 10 crosses MA 21 @ 0.285 -  rebound & going for higher high & higher low.  
MACD crosses signal line zero - developing bullish character
RSI 56 regaining strength (am RSI 39)
Stochastic & WR shot to ever bought area - possibility of retracement in the afternoon for profit taking by day traders.

Derrick - I invest in the company lah... Never bothered about it being PN 17
I'm attracted to its "potential growth" when it meet the criteria.
PMIND does not have " potential growth " equivalent to Sumatec....

Mini trader, good morning - yes my TP 1.50 is due to projected increase in production & profits. This will be catalyst for "future investors" to come in bigger scale for undervalue stock . Then you'll never see price 50 sen below anymore next year.
Moreover Sumatec is very much " owner control" counter. Dia suka
It has reached peak 0.82 in August when no fundamental reason.
Stock market is all about "sentiment" this will determine the price.
A counter can be very good fundamental counter but if any negative news like lower profits, change directors can bring the price of the share down. This is due to sentiment.

Manmin, the more you look at the price the more you get nervous.....
It's normal thing after listing 21/11, 4 - 8 weeks down then sideways.
Not even 2 weeks, give management to do housekeeping, then you'll understand.
I look @ the big picture - Sumatec out of PN 17, increase oil production from 47 wells, working on 11 wells in Mid Jan 14 & chances of getting 2nd oil field from HS is great.
All these factors will contribute to sustainable profits till year 2025.
Look at Hibiscs ( offshore) still in drilling stage, not yet find oil - oredi 2.07
So my TP 1.50 mid 2014 remains in tact.

No wonder call Pelikan..... Pelik kan?