siapa tak beli 2.56-2.60 rugi .... really 'MISS' opportunity .... hehehe ... some even said crash coming ... involving Queen Elizabeth (QE) .... hahahaha ... look at the index today ... hehehe
the economy is actually not good, especially those exporting commodities. Singapore is on a downward trend for 22 weeks already, and the average downward trend is 44 weeks (according to Sinchew, probably from Bloomberg.) Palm oil is hovering around 2300 only because RM is very low, at around 4.30 (today at 4.25) and an expectation El-Nino will disrupt production. Crude oil and natural gas are not expecting a bright future, given that Saudi and Russia are eager to pump and export at all cost while Japan has restarted its nuclear power plant, reducing the demand for LNG. Other than that, from coal, copper, iron ore to wheat, corn, and soybean are all showing weak prices mainly due to over-production, thanks to earlier bullish of China GDP forecasted to grow at least 10% annually, which now is less than 7%.
There are combination of many factors, contribute to surging index now.....foreign fund coming back + ringgit regain strength + brent crude oil surging + regional market rally
The immediate resistance level is at 2.82, today merely touch and testing it only, therefore, need more time to gradually build up more stronger momentum to break it and stay above in order to pave way for gap up once deal completion next week.
Sudahkena my friend say the Syabas business will transfer to air selangor this Thursday . But he not mention when the cash will flow to puncak acc . Anyway we just need to wait for the confirmation announcement from bursa malaysia . Haha seem like everyone here also huart zor .. Huart ar .. Huart ar .. After huart puncak we go huart kps ...
hng33, only 153,000 shares traded today at 2.82, how could this be resistance given volume? Or there will be more selling coming? Actually, after you told me about the resistance, I was expecting heavy volume this morning at 2.82...
RM 2.82 is resistance level on BUYER NOT SELLER. It essentially mean, buyer that buy RM 2.82 must resist any seller volume as these is previous high level, therefore, buyer need more convincingly volume to break and stay above these previous high and to become it as support level.
hng33, does that mean resistance level is a price that buyer has to be able to keep absorbing in any sell down by sellers before seeing the next stage? If that's the case, any price level can be resistance level. Sorry, never study technical analysis and been having difficulty believing in it all the while.
What ?? any price level can be resistance level....already said CLEARLY....resistance level is previous high level NOT any level is previous high level right??
(remark previous high level refer to in IMMEDIATE previous uptrend...the highest point)
Buyer if wan to buy at RM 2.82 of course is careful to testing any seller at these level.....and buyer at these level must withstand psychological that moving above RM 2.82 is new high price than previous high...so, buyer must take a new LEAD heading price higher than 2.82. Similarly, if seller perceived that buyer lack of momentum, it will sell at these level and below....it a dynamic and supply vs demand battle.
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....
fzank
1,537 posts
Posted by fzank > 2015-10-07 14:41 | Report Abuse
upside kor-kor .... let's not disturb jacklin anymore ... guy or girl never mind ... i still believe jacklin is a beautiful person ....