Over a period of 1.5 months, this resurgent stock rose steadily from 6c to a high close of 19c on 20th Oct on the back of fresh capital infusion of RM80m via an ongoing RCN exercise, new substantial shareholders and boardroom changes. It then consolidated in the next 10 trading days with the Stochastic plunging deeply into oversold realm at 11.1 on 2nd Nov but recovered the following day ending with the completion of a Bullish Harami formation.
A gap-up opening with a long white candle accompanied by high volume on Monday will likely confirm a trend reversal to suggest the resumption of the upwards march.
The directors acquiring more shares are bull shit as they have accumulated nearly 80% at around 5-6cts and slowly disposing by way of averaging,,,,,,,,
boss.... better dont average down..... their shares cost is much lower with RCN exercise.... no more hope for this counter.... move on to other counter
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....
Hafizam
317 posts
Posted by Hafizam > 2017-11-05 10:00 | Report Abuse
cantik candle..