I posted the below on 8th August. Hope it clearly identified for you its 4 & 5. However, pls look at closing and chart since last week to date. Looks familiar? Previous low support was at 50.5c. You can use that for the restart. Note at this point, it is hard for low volume + intent because the seller queue is high and you cannot challenge the market.
1. Volume + Commit = Escalation
2. Volume + Uncertainty = Stagnant
3. Volume + Uncertainty (2nd day) = Stagnant or downward or correction
4. Volume +. Uncertainty (3rd day onward) = Downward trend or correction
Let the situation subside......volume buyer is in the market......the way some of the independent player do it s as follow.....example in GOB and Tambun......they synchronize between the two....when. Tambun went up substantially (+7 to 10%) they switch to GOB and similarly when GOB appreciate, they switch back and forth.......this is based on location development and some are based on sector while in timing some maybe based on similar price. ( in this case Sumatec).....
Hence once slow down, they players will be back....
0.635 is the lowest this round,Q report going to out soon,hardly to drop back to 0.62 i guess. Just top up some to average my purchase price :D cheers.
Doing some study on TA before sleep is a must for me every night :D a reversal doji formed today,means uptrend going to start very soon,congraz for those who collect at 0.64,profit coming soon maybe? lets see :D goodnight.
@sora, in stock market, anything is possible however, judging by the movement based on historical data on l&g, it would seems is impossible to drop below 0.60 as of now.
I agree with Chin Aik. After the 0.10 jump on 30th July, over 240 million shares have changed hands. This represents about 32% of the issued shares. (of course there are some contra players). This has set a new base and looks difficult to drop below 0.60. Based on the recent prices, if you can pick up at 0.63 or 0.635 you should be happy. On the other hand, pay a bit more and not risk missing the boat. Your decision and Good luck.
valueinvestor,UOB stated 2weeks to 2months timeframe,so still early to make your judgement now,if you are good in TA,you can see that the share price already formed a strong resistance at 0.64,means it will rise high anytime after those peoples finish their collection job.Lets see... James: L&G financial report expect to be very good and 2 sen dividend announce on coming week :)
Posted by SaturnZ > Aug 17, 2014 12:02 AM | Report Abuse
Come Monday, you sell I buy.....u sell more I buy more.....u sell all I buy all......... ------------------------------------------------------------------------------------------------------------------------
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....
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Posted by SaturnZ > 2014-08-20 14:53 | Report Abuse
I posted the below on 8th August. Hope it clearly identified for you its 4 & 5. However, pls look at closing and chart since last week to date. Looks familiar? Previous low support was at 50.5c. You can use that for the restart. Note at this point, it is hard for low volume + intent because the seller queue is high and you cannot challenge the market.
1. Volume + Commit = Escalation
2. Volume + Uncertainty = Stagnant
3. Volume + Uncertainty (2nd day) = Stagnant or downward or correction
4. Volume +. Uncertainty (3rd day onward) = Downward trend or correction
5. Reduced volume + uncertainty = Downtrend