I just collect....even not bottom also can't be far I think! Billion project dies not come easy, and don't forget the potential Indian contract, another 100mil! Logic has to come into play in some way, no need over worry!!
but macam drop like no support ..... i think maybe insiders knowgovernment tarik balik niis e project and re tender... sell and hop to other tech counter better.
Today the whole day sell down to 0.37 was a bit surprising as hot money and Bankers Chips expected to dump Iris shares at any price, if tomorrow 0.365 hold up then it is the right time to rebound above 0 0.40 as the weak contra players are all out today, tomorrow will be a reversal trend initiated...
Buy when others takot mau beli.. You will be rewarded.. Contract sudah dapat.. Will take time for ppl to digest lagi2 iris ni past history dia tk cantik.. But this time around we are at the beginning of a 1.16 billion contract.. Not to mention contract lain yg sudah dapat... Good future prospect.. One border sudah buka company will prosper.. Sabar itu duit..
the big money will come in after Iris secured payment for deposit which either by bank loans or private placement. Once everything is finalized finally we will see Iris share price go up towards it TP
Today ADX still uptrend positive and MACD is not looking good but RSI is overbought position, there is chance of strong rebound, the immediate support of 0.365 is crucial and the strongest support is 0.25, trade cautiously...
I noticed buying momentum is slowly build up but should there be any force selling, it should be absorb easily but 0.365 shouldn't be broken down, trade cautiously...
Once it's price rebound and MACD turn positive then it is a strong buying signal, pls be patient and let the price stabilise above 0.405 before rushing in to buy.. Beware.. Beware.. Beware..
today will drop another 1 sen. if lucky. otherwise might drop more.... sentiments are bad. CNY cash out and also low volume season. no way it will go up at least until after CNY holiday
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