Selldown...bought at 8.5

Im queuing 8.5

Might go in again if good buy rate and buying volume

Yes technical

@Flybythenite Focus seems like a good buy based on technicals

TP?

@ideal88 Focus TP is?

Thanks but I made mistake today and cut at 8 sen....

In the short term most of the news has been priced in already. The only reason why there might be a second wave is to dispose all the accumulated stock bought at 8.5/9/9.5

Maybe, but I wouldn't bet on it.

If you're still holding, can hold. But if buying in, will have to depend on the momentum 2moro. If high buy rate and buying volume, then can buy in at 8.5 or 9.

@Kitkat88, you also having problems with itrade today?

Need about 70 mil volume to go up 1 price level.

Doubt it's distribution.

430 might have another round of selldown.....

I'm cutting loss at 0.08.

Might need to cut loss....

@dunhill3772 what's your entry price

This counter is definitely not for long term....if afternoon performance not good then sell and cut loss.

Afternoon - up or down?

Depends on the situation in the afternoon.....Why so anxious to sell

@gohky87 No, I didn't top up. I'll only top up if buy rate and buying volume for 8.5 c is high in the afternoon.

Looks like the T+4 volume from 8 May has been quite well absorbed....might have some rebound this afternoon.

Better sell if not confident in buy rates and buy volume.....help clear seller queue thanks.

NETX needs to perform for NETX-WB to rise

@newinvestor17 Go ask Radzi if he lives in Antarctica and eats fish every day

Winmore88 you lucky....

Showtime after lunch?

Whoever sold at 7.5 now crying

If want to sell also sell at 8.5....why sell at 7.5 or 8....

Selldown volume is low compared to buying volume over the past few days.....compared to DNEX, DNEX-WD, GLOTEC, and SKH, this is nothing.

Not enough buyer support at 8 sen, that's why support break....I'm not going to panic sell at 7.5...see afternoon session situation....

Don't catch the falling knife....game is over, high volume down with selldown at every price level....cut loss/take profit and move to other stocks....NETX, FOCUS, ORION etc etc many others to choose from.

NETX, FOCUS, ORION etc etc....chart has upward momentum with high buy rate and high buying volume....

DNEX and SKH game over today.....cut loss and move to other stocks. Many to choose from....

High volume down....game over. Move to other stocks.

What happened at DNEX

10 am coming....need more buying support at 8 sen...

More like too many queuing at 8.5 sen....hope they don't panic sell at 8 sen

Most of the buying volume on 8 May was from syndicates, that's why they aren't panic-selling. They might have T+7 or T+10 settlements.....

As long as those people who bought 4 days ago don't panic sell, all is well......need more buying support at 8 sen though....

The situation doesn't look good.

2moro up or down? Any guesses?

@BILLC Absolutely, I agree with you, NETX fundamentals are crap, and the recent deals don't justify the price spike either, but all that is irrelevant. This is a technical trade, and the game is still on as long as the 8 sen support holds strong (40 mil queuing today) and the buy rate maintains at above 80% for every price level with high volume transacted at 9/9.5/10/10.5/11 sen (70 mil at every price level every day compared to 10 mil selldown)

Let's not get ahead of ourselves here....it's clear that this has nothing to do with fundamental investment....Alipay, Wepay whatever pay...those aren't important, they've already been priced in when NETX jumped from 3 sen to 9 sen...But the game isn't over yet because of the high buying volume and high buy rate. It's a technical trade you guys.

@Pavillion if you want to see distribution, look at Glotec.....look at the buy rate at each price level. That is distribution, low volume up, heavy selling.

@powerrangerhuat Thanks, hope we can make good money in NETX

The key issue now is whether the new syndicates who bought in at 9 sen have more bullets to push the price back up to 10/10.5......or have they run out of money and are going to give up and cut loss at 8.5...that's why I said Monday is an important day, if you see heavy selling and drop past 8 sen support then game is over, but if price can maintain at 8.5 sen in the morning, means afternoon will push back up to 9 and 9.5.

The syndicates who collected at 3 sen and pump to 10 sen have already exited in the first wave. New syndicates bought in at 8.5 and 9 sen to prepare for 2nd wave. Retail traders couldn't have bought hundreds of millions of units at a buy rate of above 80%. When the volume is cleared, it is eaten a few million units at a time, 70 mil units bought at every price level every day, with only about 10 mil units sell down....how is this distribution, even if distribution, it's definitely not ikan bilis buying.

The syndicates who bought at 4 sen would have distributed all at 10 sen, 10.5 sen, 11 sen...those buying are new syndicates who came in at 9 sen.