Wave # 1 from 1.15 to 1.3. Wave # 2 from 1.26 to ?? Those who still intend to sell low at 1.3 & below shall remove sell Q to allow maximize wave # 2 rebound. It is a reversal trend. Hong Kong and Korea index already in positive + trend while China''s index is within 10% market expectation.
we know that this company is good progress but malaysia still can't implement it. All smart phone is good but the telco signal is weak. Need to walk out of shop and open apps and then scan again, is a long queue in payment counter, what a shame implementation by government.
EatCoconutCanWin, what Revenue does is way more than meets the eyes. You will also use debit card or credit card right? Their EDC is able to process it as well
wave 1 rebound from 1.15 to 1.3 in morning session. wave 2 rebound from 1.26 to 1.32 in the afternoon session and formed a hammer today with long tail from 1.15 to 1.24 and a green body from 1.24 to 1.32. Tomorrow shall be continue for wave 3. If tomorrow have a long green bar breakthrough 1.39 by closing, a longer term uptrend will be confirmed. Those panic sell this morning and rush to sell below 1.3 will be regret by now.
China index closing is better then expectation today (market expect 10% drop, however it manage to close below 8%,), this gave stability to the worldwide market that already started to drop last week. The 2 closest markets : Hong Kong index closed in green, Korean closing almost breakeven. Europe major markets opening in green. The outbreak may be overdone last week, and the markets expect this is a short term impacts. A full reversal to uptrend is expected from April onwards when the season change (Winter to Spring, that will eliminate the virus).
US markets closed in green as well. Revenue shall continue the uptrend today for the momentum built up yesterday. Wave 3 from 1.32 to ??. Those still intend to sell low better remove the sell Q to allow maximum surge by today. Those who panic yesterday shall be regret when it closed at 1.32.
This forum is for serious investors to share their comments and not for some jokers to give their negative comments and hearts everyone feelings when the counter is down. I will be very much happy you make money from the counter and please don’t try to me smart.....
Coronavirus caused. China there already dead many people, TaoBao been effected. Many business related to China, all downtrend. Fast sell before downtrend to 1.00.
The closing today at 1.34 = opening price formed a dragonfly after yesterday slight drop of 1 cent from Mon's 1.32 to Tue's 1.31. Those who sold at 1.32 and below yesterday shall be regret by now. The technical chart is showing an uptrend : Monday from 1.15 to 1.32 formed a Hammer. Tuesday high at 1.36, low at 1.3 clear out some weak holder. Wednesday from 1.32 to 1.34 formed a dragonfly. The buying interest is back with the selling pressure is getting less. Shall there is no surprise overnight for US market and with no uncertainty for the outbreak, tomorrow the momentum to breakthrough 1.36 shall happen by tomorrow morning.
Regional wise, the entire Asian markets almost all in green today with Shanghai up more then 1%, Shenzhen up more then 2%. The Chinese gov is well prepared for the stock market before it open by Monday.
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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....
icepumpkin
818 posts
Posted by icepumpkin > 2020-02-03 11:43 | Report Abuse
Non stop buying. No sign of dropping.