Posted by Kendo Ken Hz > 2020-02-26 18:20 | Report Abuse

But this stocks has intricis strength, that Alway bound back from bear..

Posted by maxprofit2020 > 2020-02-26 18:56 | Report Abuse

This stock have the strength to rebound was due to it was in an uptrend since Oct 11th'19 when SMA 10 crossover SMA 50 and the gap between SMA10 vs SMA 50 getting bigger. During an uptrend, any price adjust down below SMA 10 will rebound.
The most extreme price adjust down was Feb 3rd's 1.15, it hit SMA 90 also manage to rebound same day as it is within an uptrend at the time.

However, the current concern is :

SMA 10 = 1.38 already broken

SMA 50 = 1.36 also already broken

SMA 10 & SMA 50 gap narrow down to less then 0.02 only
(compared to Jan 2nd, the gap was 0.196)

SMA 90 = 1.23 (which is about 9% from current price)

Once SMA 50 > SMA 10 (crossover at 1.36), it will be a reverse way, any price up will be temporary and drop back. Thus, it is crucial that > 1.36 need to be hold in order to maintain the uptrend.

Next few days will know whether the uptrend will be continue or it will reverse to downtrend.
The double tops of 1.45 is also another resistant need to break in order to confirm uptrend. Technically if a double tops appeared, it will be a bearish trend.

Posted by maxprofit2020 > 2020-02-26 18:57 | Report Abuse

Anyway just standby bullets.

Posted by Jengacam2 > 2020-02-26 18:58 | Report Abuse

RM1.1 ok la. now PE48

Posted by icepumpkin > 2020-02-26 20:26 | Report Abuse

Thank you for insight. We shall wait and see.

Posted by Baby SHARK > 2020-02-26 22:02 | Report Abuse

Double bottom coming soon

Posted by Kendo Ken Hz > 2020-02-26 22:42 | Report Abuse

HLG Tp1.45, the etunai momentum in first qr2020 yet to be reflected..

Posted by Kendo Ken Hz > 2020-02-26 22:44 | Report Abuse

Plus main board transfer premium in future

Posted by LiimInvest > 2020-02-26 23:43 | Report Abuse

Be patient,! Hold it

Posted by icepumpkin > 2020-02-27 10:08 | Report Abuse

ya just collect when drop lower. i also think it may go up again.

Posted by Kendo Ken Hz > 2020-02-27 11:37 | Report Abuse

Pressed down to 1.20 to get cheap for the special issues shares, syndicates work.?

Posted by icepumpkin > 2020-02-27 11:52 | Report Abuse

Look like this way

Posted by Bursaman666 > 2020-02-27 15:03 | Report Abuse

collecting around 1.3-1.31

Posted by icepumpkin > 2020-02-27 15:49 | Report Abuse

1.28 collect.

Posted by maxprofit2020 > 2020-02-27 16:31 | Report Abuse

Johor announced change of state gov.

Posted by Bursaman666 > 2020-02-27 16:49 | Report Abuse

GHL already move, guess the stimulus package will give another round of e-tunai angpau

Posted by maxprofit2020 > 2020-02-27 17:22 | Report Abuse

Tomorrow will be critical as if no rebound and the closing is still < 1.36, a downtrend is confirm, unless an exceptional great news stimulate the market or specific to Revenue.

Since 1.3 support already broken today, next support shall be 1.23/1.24 = SMA 90.

Bursa Index up 10 today, back to above 1500.

Posted by Yao Hsien Chan > 2020-02-27 17:52 | Report Abuse

Etunai for BSH....Good! Nothing to worry about Revenue

Posted by EarnMoreMoney > 2020-02-27 22:03 | Report Abuse

stimulus package will give e-tunai angpau promoting cashless! Congrats and let's see tomorrow Revenue will fly.

Posted by EatCoconutCanWin > 2020-02-28 09:49 | Report Abuse

LGE told CEO allocate 20% share portion to bumi investor with lower price of 80cent.

Posted by jt18 > 2020-02-28 10:05 | Report Abuse

What happen today really THANK YOU to TunM! :( The whole market is collapse. DSONIC with such good results also die straight.

Posted by maxprofit2020 > 2020-02-28 10:24 | Report Abuse

Hopefully the SMA 90 1.24 can hold.
If broken, next support :

1.15 (Feb 3rd's lowest)
1.04/1.05 (SMA 200)

Based on the chart, it is confirmed a downtrend if no rebound by today back to 1.36 unless a great positive news come out.
Those who chase high at 1.4x, 1.3x will be all trapped in with huge volume pending to be forced sell.

Posted by Hawk Eye > 2020-02-28 10:27 | Report Abuse

Need some fule for boom boom..ha ha..it will go down...

Posted by Kendo Ken Hz > 2020-02-28 10:41 | Report Abuse

Buy on weskness ..,look forward to
real big action only when switch to main board

Posted by maxprofit2020 > 2020-02-28 10:56 | Report Abuse

Feb 3rd it hit 1.15 (SMA 90) and rebound immediate, no retailers actually able to buy at 1.15, I only manage to buy 1.2x on the day and sell 1.4.
The strong rebound at the time was due to it was still an uptrend.

This time it hit 1.24 (SMA 90), and seems may further down, everyone can buy 1.23/1.24 today.
There is no immediate rebound as it is a confirmed downtrend.
During a downtrend, no rush to buy, wait for the point of reversal to uptrend then only enter.

Posted by maxprofit2020 > 2020-02-28 10:58 | Report Abuse

I believe I had been sharing the bearish signal that I observed many times when it was 1.39/1.4x.
However I believe ppl only chose to listen to what they want to hear only.

Posted by gogo123 > 2020-02-28 11:17 | Report Abuse

maxprofit2020 how much do you think it will drop to?

Posted by maxprofit2020 > 2020-02-28 11:30 | Report Abuse

Now is already 1.2.
No-one can confirm how low is low, but we can reference to pass data to estimate the next support :

1.15 (Feb 3rd's lowest)
1.1 (Dec 5th's lowest)
1.04/1.05 (SMA 200)

Posted by maxprofit2020 > 2020-02-28 11:31 | Report Abuse

Again, no rush to buy when it is at downtrend, buy when the downtrend ended and reverse to uptrend. Any technical rebound will be temporary and drop back during downtrend.

Posted by icepumpkin > 2020-02-28 11:34 | Report Abuse

Thank you.

Posted by RainT > 2020-02-28 12:41 | Report Abuse

who dare to pick up now

Posted by RainT > 2020-02-28 12:43 | Report Abuse

take profit now? come back later ?

haiz

Posted by maxprofit2020 > 2020-02-28 12:51 | Report Abuse

I already taken profits 2 times in Feb :

Feb 3rd bought 1.24 => Feb 7th sold 1.40.
Feb 25th bought 1.31 => Feb 26th sold 1.41.

Now is waiting for downtrend to be ended and buy in when uptrend confirm only (no rush).

Posted by maxprofit2020 > 2020-02-28 12:54 | Report Abuse

I believe majority of the retailers not making profits or even forced to cut lose in Feb.
Always trade cautiously by TA before FA.

Posted by Bursaman666 > 2020-02-28 13:21 | Report Abuse

can slowly collect by stage, once rebound fast and furious

Posted by Flintstones > 2020-02-28 13:38 | Report Abuse

Max, what is your buying point?

Posted by maxprofit2020 > 2020-02-28 13:51 | Report Abuse

My buying point reference to the multi-moving average Guppy MMA.
When the SMA 3 ~12 (up) start to crossover SMA 30 ~ 50 (flat), the crossover point (start of uptrend) will be my buying point.

Currently it is a reverse way, the SMA 3 ~12 is down and just cross over SMA 30 ~50 (flat) this week. It is a beginning of downtrend.

It is too early to tell when will be the exact buying point.

The last uptrend started Oct, the SMA 3 ~12 (up) crossover SMA 30 ~50 was Oct 11th and the uptrend ended this week. Need to wait for another crossover point to determine the buying point. No rush, keep capital and wait, there is plenty of opportunity for this type of market conditions.

Posted by newbietrader > 2020-02-28 15:01 | Report Abuse

it coming . please ready /

Posted by icepumpkin > 2020-02-28 15:08 | Report Abuse

I keep this counter. Hopeful amidst recession.

Posted by Bursaman666 > 2020-02-28 15:35 | Report Abuse

tricky operator, wash down and push up and stay 1.3 this week? haha

Posted by Kendo Ken Hz > 2020-02-28 15:49 | Report Abuse

Anyone brave n catch warrant at 57, now 63 market?

Posted by Kendo Ken Hz > 2020-02-28 15:52 | Report Abuse

And main from 1.19 rebound to 1.26?

Posted by WilliamUsana > 2020-02-28 16:53 | Report Abuse

Hi Max, thank you for the explanation! No rush

Posted by maxprofit2020 > 2020-02-28 17:32 | Report Abuse

For reference :

Today closing SMA 50 = 1.362 > SMA 10 = 1.357 => officially move into bearish mode.

For Multiple Moving Average :

SMA 3 ~ SMA 12 = 1.297 ~1.36

SMA 30 ~SMA 50 = 1.362 ~1.371

All near term moving average < 30 days to 50 days moving average => officially it crossover to downtrend by today.

During a downtrend, it will gradually move towards 1.15.
There will be rebound occasionally, however, it will be temporary and drop back fast (it is an opposite to uptrend, during an uptrend, any drop in price will be temporary & will rebound fast).

1.15 will be the critical support level to determine whether the previous double tops ("M") of 1.45 (Jan 23rd, Feb 28th) will switch to double bottom ("W"). If the drop can sustain above 1.15 & above, then a reversal from "M" to "W" will be possible. 1.15 become the support with resistant is 1.45.
However, if 1.15 being breakthrough, there will be possible a further drop to SMA 200 which is 1.04/1.05.

Posted by AllanTingAS > 2020-02-29 10:55 | Report Abuse

Cut loss on Friday, cash is king!

Posted by lversoncylee > 2020-02-29 17:00 | Report Abuse

套牢了 haha

Posted by EatCoconutCanWin > 2020-02-29 20:24 | Report Abuse

Run before crash, lim guan eng stock related falling hard

Posted by WilliamUsana > 2020-02-29 21:51 | Report Abuse

Now waiting to buy back low again.. Hehe be patient

Posted by maxprofit2020 > 2020-02-29 22:58 | Report Abuse

In stock market everything can happen, just like the political drama for past one week.

Lets wait and see, only enter when there is a buy signal reverse to uptrend. Who knows what will happen next week ?

If you have the free capital on hand, now all are opportunity at promotion price.
However, if you already bought high in past 2 weeks and out of bullets, you miss the opportunity (opportunity lose), while others are doing bottom fishing, and those stuck at buying high only hope to break-even.

Hardly a normal trader like us can earn money during downtrend, even professional traders lose money in current market condition.

Trade with cautious, buy low (with patience, not rush) and sell high (timely, refer to technical trend chart instead of by emotion), most importantly, do not chase high. Imagine those who chase high at 1.4x and not selling until 1.2x? Nobody can buy the lowest & sell the highest, important is the entry point & making profits timely and always prepare free capital for opportunities. Nowadays opportunity occur almost every week (outbreak, politics, elections, world economy potential recession..), you stuck in holding stocks, you miss the opportunities

Posted by jt18 > 2020-03-01 20:20 | Report Abuse

Tomorrow will have support? Last Friday after lunch the graph showed support although closing is red ...