The selling pressure is strong and so retreating to lower price is normal provided that the operator is still in accumulating mode and NOT in pump & dump mode. My personal opinion is that they are not. The transaction vol has achieved >40 million and so should be in accumulating mode.
klsefighter, good move to dispose off Censof-Wd. We have to wait till 11:30am. If no further action till then, may be it is 1 day wander. I was quite hopeful this morning as the transaction vol was still high but for the past 1 hour, no much action. Wait Lo......
RM0.35 is considered good news already as most of the transaction was done first hour this morning. So be patience to wait for the operator to re-activate the bull.
Unlike Dnex, Censof has been very steady. 4/4, vol 47 million with price range 325-375, 5/4 34 million, 345-370, 6/4 (half day) 12 million, 365-385. There is very little room for contra players to get caught and so build up selling pressure. I expect to go sideway or upside. very little chance to move downside. Happy trading.
Censof is lagging behind Censof-Wa, Censof-Wd and Dnex, Dnex-Wd. Why? I don't understand. Look at Censof-Wa, the higher the risk the higher the return. When we talked the other day it was only RM0.09. Now RM0.15, 67% return already.
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....
KingDavid
2,666 posts
Posted by KingDavid > 2017-04-04 12:15 | Report Abuse
In my personal opinion, Censof's share price can easily achieve RM0.40. From RM0.4 onwards, it all depends on the operator.