wave 3 rebound from 1.35 to 1.38 in the morning session and formed a hammer today with a green body from 1.35 to 1.39. Tomorrow shall be continue for wave 4. If tomorrow have a long green bar breakthrough 1.42 by closing, a longer term uptrend will be confirmed. Those panic sell this morning and rush to sell below 1.35 will be regret by now.
i told them to buy but they hear but dont listen..........what to do? they are now kicking themselves. CIMB trust have bought so much so that you hardly believe but you'd better believe it
fuh.. naik balik ke paras asal sekejap saja. hari tu memang sengaja paksa orang lelong dengan harga murah ambil kesempatan atas sentimen pasaran, lepas ni senang lah nak naik lebih tinggi lagi..
A good closing today at 1.39 with high of 1.4. As stated by Monday, a long green bar finally breakthrough 1.39 by today. 1) Tomorrow if the closing is higher then 1.4, a higher high is possible to continue the uptrend. 2) if the closing tomorrow unable to breakthrough 1.4, there may be a start for profit taking after 4 days' rebound from 1.15 to 1.4 (> 20%) which is normal.
Kendo Ken Hz, I do not think anybody can confirm this round of uptrend how high it can reach. However, we can base on the past trend as reference :
Dec 9th = High 1.38 Dec 12th = Low 1.21 (14% delta) (interval 3 business days from highest to lowest)
Dec 20th = High 1.39 Dec 26th = Low 1.25 (11% delta) (interval 3 business days from highest to lowest)
Jan 2nd = High 1.53 Jan 8th = Low 1.31 (16% delta) (interval 4 business days from highest to lowest)
Jan 23rd = High 1.45 Feb 3rd = Low 1.15 (26% delta) (interval 6 business days from highest to lowest)
Feb 6th = High 1.4 => next is further up or start profit taking ??
Although since Oct'19, the long term trend for Revenue is achieving higher high each month, however if zoom into short term by month, each month there is about 2 x cycle of up & down, tomorrow's closing may be a good reference whether it will further trend up to test 1.53 resistant or it may trend down due to people start taking profit.
I agreed Revenue is in a good position for right industry, it is a rising star with good potential & opportunity for 2020. The quarter result will be out by month end, that may boost up the share price by 2nd cycle of the month which is by month end. The positive movement today may due to the worldwide stock market rebound, most of the stocks are rebounding today. The concern is the sustainability as base on past statistic, once the price move up rapidly in first week of the month, people may start to take profits, most traders do not keep stock for long term.
As predicted yesterday, traders started to take profits after Revenue reach the high of 1.4 yesterday and today's opening. 3 scenarios :
1) If today's closing able to breakthrough 1.4, a higher high uptrend is possible for next trading day. 2) If today's closing = opening = 1.4 = yesterday's high, it form a hanging man, next trading day most likely will see a significant adjustment down due to massive profits taking. 3) If today's closing is = 1.37 or lower, it is a confirmation of reverse trend as yesterday's green bar 1.35 - 1.4, half of the rally being profits taking today, it will follow by a downtrend next trading day due to lose of momentum.
Trade with cautious and do not chase high, ride with the trend be it up or down.
i disagree .it is down a bit due to merely profit taking. it will be back to normal to keep up the momentum uptrend next trading day due to be overwhelmed by the new demand then
Thanks maxprofit2020 & joyvest. I am a newbie & I like to learn. I have been following this forum for more than a month & I decided to sign in only today because I feel there are still good ppl around who like to share what they know.
The closing price managed to hold at 1.38, neither it break 1.4 nor 1.37 which is a good consolidation after 4 days' rebound. Based on yesterday's volume, half being taken profit today, Monday will be bull vs bear for the direction whether to go north or south or continue at consolidation stage.
It is a norm for a stock price to move up once it hit the bottom like what it happened on Monday rebound from 1.15. It is a norm as well when the price rally for a couple days to a certain price and people start taking profits. Trade with cautious as there is only one purpose for us to be here which is to make money.
US and Europe markets turn red as well last night after 4 days' rally. Asia major markets mostly turn red yesterday except China & Malaysia managed to break even and slight turn green at closing. Next Monday will be clear for the direction whether to go north or south. Always buy low sell high instead of buy high expect higher high.
As expected, it is a reversal trend from the high of 1.4 last week. With 1.35 first support level broken by 9:10am, the next support will be 1.3. Downtrend will be an opportunity to buy back for those already taken profits last week.
Last Thu : High 1.4, Low 1.35, Close 1.39 Last Fri : High 1.4, Low 1.36, Close 1.38 Mon : High 1.37, Low 1.34, Close 1.36
The operator is slowly releasing stocks from 1.4 to 1.34 from last Fri to take profits (stocks accumulated since 1.15). It is a confirm downtrend as the daily low is hitting lower low and the close is also trending lower low for past 2 days.
It will be a good opportunity to buy back once there is a buy signal (that not yet appear as of today). Based on current chart, tomorrow may further trend down. Always buy low sell high, instead of buy high expect higher high.
Kendo Ken Hz, it is a downtrend from 1.4 last week, there wont be power to go up. The operator is blocking 1.35 and slowly released stocks from 1.38 to 1.36 to those retailers who are willing to buy high from the operator. At least 3 times x 100k units the operator released at 1.36 today.
Today's opening = closing = 1.36 = yesterday's closing. With long tail from 1.39 to 1.36, it formed a gravestone today, opposite of dragonfly (last wed). A gravestone is a bearish signal that the buying power is eliminating while selling power is taking control for the closing price. Based on past 2 months' trend, once it reach high in first week of the month, it took about 3 to 6 business days to reach the lowest price (however it spike up again from bottom). Tomorrow is the 3rd business day count from Monday. Foresee a more significant downtrend tomorrow once the operator finish release stocks to retailers. Again, a downtrend is a good opportunity to buy back once the buying signal appear.
I told you earlier . As long as it is drifting in the region of 1.36-1.39 , there is no cause of concern. no sight of down trend but up ............ in the very near foreseeable future...................
1) Jan 2nd highest hit 1.53, it took 4 business days by Jan 8th to reach lowest 1.31 (-16% adjustment), and it last until Jan 17th only finished the downtrend => rebound to 1.45 by Jan 23rd.
2) Jan 23rd highest hit 1.45, it took 6 business days (Feb 3rd) to reach lowest 1.15 (-26% adjustment), it rebound same day from Feb 3rd and it complete the uptrend by Feb 6th at 1.4.
During uptrend or downtrend, daily there will be a few cents up/down (+/- 3%) which is normal. We justify whether the trend is at the initial stage, or completion by various indicators daily to make decision the next day whether to buy or to sell. There is no one will be able to confirm 100% up or down, we can only reference to the stock statistical trend pattern, daily indicators to justify.
Now is too early to tell when the downtrend will complete for this round as the gravestone (bearish signal) just formed today.
That is the reason we are here. When a stock have high volatility, only then we can make money. If a stock is stagnant or up/down +/- 3% only (example from 1.36 to 1.39 or from 1.39 to 1.36), it have no different to fixed deposit.
In my opinion the stocks will go up once it release it report durinf the end of this month as the management said it themself they change from selling terminal to leasing or renting terminal instead hence lowering the expense and at the same time increasing the revenue. I am here to learnt as well so if any has any objection pls do voice it out and let share our opinions together.
Read that etunai system was wholly handled by RGB system. That's hell of big profit, as th three players complained of high fees by khazanah sub to RGB,, on this project.
Eric, I do agree it will up by end month. As I stated earlier, Revenue do have 2 cycle of up down within a month, reference to past 2 months trend.
1) The first uptrend already completed last week (from 1.15 to 1.4, 20% rebound). 2) This week it started down trend, it may last for 1 to 2 weeks to complete (from 1.4 to ??) 3) Then next it will be another rebound for up trend, together with a good result release, the month end rebound may retest the 1.53 high if the result is beyond expectation.
We are not justifying a daily up/down of +/- 3%, rather we are aiming a +/- 15% to 20% within a month.
Revenue is a good stock to invest :
1) Long term it is trending higher high, Revenue is in a good position for right industry with bright future. 2) Short term within a month have 2 cycles of up/down trends. 3) High volatility of more than 10% each cycle.
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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....
maxprofit2020
1,161 posts
Posted by maxprofit2020 > 2020-02-05 17:06 | Report Abuse
Those who continue to sell low between 1.15 to 1.34 in past 3 days shall be regret by now.