Today is an important day...as a lot of contra players waiting to sell...but the buyers are patiently waiting also... its really a mind game...cash is king...so buyers are waiting to buy cheaper...like in pasar malam...no one wants to give an inch...we will see who will win...further long weekend ahead...DJIA was up...but volume is still thin...strong support at 36.5 and resistant at 38...very narrow range...
Today's market is up....but in thin volume...long weekend ahead...buyers not committing...sellers pressured to sell...all holding on...the top 2 volume is only penny stocks below 10 sen...
Yes...DJIA was up by 200 points..but the foreigners selling all their Malaysian equities in anticipating of a bear market. Reason is the lower ringgit, falling oil prices and lower forecast for the year. That's what I heard in the news. Some retailers are also selling because CNY is nearer and people wanted cash. Comrades just don't dump all money into shares...leave some cash for CNY. Those long term is ok but short term must be careful of a temporary down trend. Lets monitor if the sharks are coming back...
@tradervic Systech's uptrend is still intact if it didn't break the support at 33.5 sen. Heart must be strong playing shares. I am long term. So I don't worry about the ups and downs unless it breaks my major resistant at 33.5 sen...I will get out.
FY15 business performance is expected to exceed that of FY14, with indication of improving sales margin and satisfactory net cash position after obliging all liabilities. Ok mah. :)
no need to run or wat la.... is just foreign funds withdraw only la.... sigh.... today is friday..... sure profit taking la...... good counter scare wat wor???
market quiet is sometime normal. its impossible one stock to up and down so fast..lol..where got everyday rally? next week jobst will slow down..so also sell sell sell? lol
Lets enjoy the weekends holidays. I am sure once the selling is over Systech will move up again. Critical support 36.5 sen still standing. Not breached yet. hahaha...
If u look at the first UMA query, systech share price was not affected at all by it. It was trading as usual. Even after the second query, the price is still holding. So, stop saying there will be selldown because of UMA query. The effect of UMA is immediate.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
tradervic
466 posts
Posted by tradervic > 2015-01-30 09:17 | Report Abuse
Holding on well.