one day , a fisherman caught a " talking fish"( TF) . the TF pleaded with the fisherman " if u let me go, I would grant you your wish " . you know what the fisherman replied to TF? 12/02/2020 4:30 PM
The operator seems not yet finish unloading huge stock that accumulated since 1.15 last week and maintaining at current price range of 1.35 ~1.4 to unload to those that willing to buy high from them.
Today''s closing is a long legged doji, indecisive for up or down.
it is maintained at the acceptable level.no room for cause of concern..... the wise fisherman will have the catches in abundance in the end ...................
@Kendo Ken Hz, nobody knows and I doubt anyone can buy at lowest and sell at highest, have to watch up when the price movement is abnormal like what it happened at Jan 31st, keep dropping from 1.39 to 1.26 within a day. I would say any price at 1.35 and above is too high to buy back. Always buy low sell high for maximum profits with minimum risk instead of chasing high expect higher high with maximum risk.
Just based on statistical data :
Dec 9th highest 1.38 Dec 12th lowest 1.2 / 1.21
Dec 20th highest 1.39 Dec 26th lowest 1.25
Jan 2nd highest 1.53 Jan 8th lowest 1.31
Jan 23rd highest 1.45 Jan 31st lowest 1.26 Feb 3rd lowest 1.15 (with the fear of outbreak + China stock market opened)
Current highest 1.41 => adjustment to => ??
Logically it is more likely to adjust down first then rebound at month end together with QR.
yes, I believe everyone know the logic of buy low sell high, but in reality most ppl fear to buy when low, chasing high when high. those chasing high at 1.39 / 1.4 in past one week may felt being trapped in when daily close are below their buying price. however look at statistical data I listed out, it is a fair game and price move with logical fluctuation, only discipline & patient can make profits. even if somehow Revenue does not adjust down tomorrow or next week per expectation, there are many other stocks are dropping at attractive level this week.
how low is low and how high is high, no one knows .....then how to know?? very simple, through your gut feeling. but how to have your gut feeling ? well , thats something i leave it you to do R & D
maxprofit is right in that in reality most ppl fear to buy when it is low as they are not sure how low is low but chasing high when it is high as they tend to think it is going higher and higher........its a funny odd world but this is what it is now ..................
then when to buy when low and when to sell when high??? well, my answer is already there.....
It had been 7 trading days and I believe a lot of traders daily chasing high at 1.39/1.4 and think that it will be higher high each day while the daily closing is 1.36, 1.37, 1.38.
The big fish shall have balance about 4 mil shares to unload and need to maintain at current price range until finish unloading to those traders willing to buy from them at 1.39/1.4. It took quite awhile as they are holding a lot of stock collected since 1.15 and want to make profit at 1.4 (20%).
Once unloading done, based on previous tactic, it will have a sudden adjustment down and that will be the time a lot of traders panic sell and the big fish will be happily collect at low price again.
With high expectation for QR by month end, it will again rebound and those had been panic selling will start chasing higher high again, and daily feel being trapped in.
The same old story repeat by itself and it never fail.
Revenue Group was testing the MYR1.40 level in its latest session. A bullish bias may be present above this point, with a target price of MYR1.48, followed by MYR1.53.
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....
Kendo Ken Hz
983 posts
Posted by Kendo Ken Hz > 2020-02-12 09:49 | Report Abuse
https://www.thestar.com.my/business/business-news/2020/02/10/kiplepay-brings-forth-white-label-e-wallets