II don't even think the good QR is causing the price to go up in the first place. The amount of volume this share is seeing isn't representative of above average QR earnings. The overall sentiment for this counter is very strong for some reason we still don't yet know.
The only thing we do know for sure is that there's a few big fishes trying to accumulate Revenue like mad. Even if you compare the buy vs sell volume since the rally started, it really doesn't make sense that someone is trying to "goreng" because for every 1 share sold, 3 are being bought. So who's accumulating the remainder? If this counter was being "goreng" by some short-sighted operator, we would already see some distribution by now. But it has never retraced significantly since the rally began and even when it did, volume was far lesser than when it was rallying. Just something for you all to think about.
Lol @milodrinker, how good were you expecting it???? I think the q-on-q revenue growth was exceptional. Also beat the quarterly analyst projection in the pre-IPO reports.
And go read the section on group prospects - many exciting things ahead. Yes, relative to most companies on Bursa the PE is high but relative to the sector and most importantly, it’s peers like GHLSYS and loss-making Mpay, still a long way to go to catch up.
Full yr pat of $7m is 35% growth yoy. Still plenty of room to grow in this co considering in this payment gateway mkt. expected buy call soon will come from some research hse. Shd stat bottom fish.
I believe next 2-3 quarter reports will provide good revenue because of 11.11, 12.12, Christmas, new year and chinese new year events. Some of the shareholders panic to sell their share this morning, don't understand what are they panic for.
I believe this company will have more profits in coming quarter as their partners business also expanding, not understand why suddenly all sell this morning
Share price artificially inflated for past few weeks. Big boys will push up a little, let market have the impression price is set for rebound, trapping small investors, while slowly unload their position.
Revenue (0200) Technical analysis Basic Principles used : Cause & Effect principle(因果循环法则) Fibonacci Principle (费波纳茨法则)
Rising Wheel (因), starting point 101, ending point 130 Fibonacci 61.8% is (130-101)x0.618+101=118.92=119 Fibonacci 0.382% is (130-101)x0.382+101=112.078=112 Oscillation range is between 112 to 119
Falling wheel (果),starting point 129, ending point 112 Fibonacci 61.8% is (129-112)x0.618+112=122.506=123 Fibonacci 38.2% is (129-112)x0.382+112=118.498=119 Oscillation range is between 119 to 123
Expectation for next week; Closing price on last Friday was at 114, that is within the oscillation zone of rising wheel ,but it was out of oscillation zone of falling wheel ( 114 is within the bear region)....in order to remain bullish, it needs to stay above 119,that is in bull region of rising wheel and within oscillation zone of falling wheel, if it can manage to break pyramid corner at 121 and stay above 123...we expect it will continue to move up to next pyramid corner at 133...
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....
Chik Chik
196 posts
Posted by Chik Chik > 2018-08-28 23:58 | Report Abuse
QR means que for run..