today and tomorrow would have high selling pressure and maybe Friday will rebound if the stocks do have some interesting news going on................otherwise it will never rebound to 0.185s.
WJY....................the 55 mil shares transacted at 0.15s between Kuan n Lim..............then the next 3 days volume of 23 mil n 29 mil and 9 mil......totalling 61 mils.............it could means the director could have cash out along the line 0.155/0.16/0.165/0.17/0.175 up to peak 0.185s for that 55 mil block of shares transacted earlier thru off market deal.
That is why there are no volume or low volume now................means the share no more upside support.
So you need to check any filing later by the same director for disposing in the market.........if no then he is still holding on the 0.15s block and you still have chance to recover.
since your average is 16s, you still can hope it goes up abit and recover your capital.........do not hope for 0.185s since there is no volume to support it...............the history of 20 mil volume is gone.
better park your money in other profitable counters.
WJY.................be alerts when someone said he want to sell at 0.22s open to the public................you think the Directors is stupid to disclose his selling target to you guys.
they're playing psychology games, telling you the target 0.22s whereas they start unloading before that stop point............always take 15-20% off the target price.
Remember the off market deals filed to Bursa mentioned the blocks change hand at 0.15s.................and the next 3 days the volume totalling 61 mil.
It could be the same person disposing and made some fast gains.
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....
ktsk88
5,284 posts
Posted by ktsk88 > 2016-06-01 08:47 | Report Abuse
volume queue buy is so smaller in lots..................could signal no confident or supports...........could open lower.......careful.