Possible for chart pattern breakout. SMETRIC is staging a potential breakout from its triangle chart formation. Corresponding RSI and MACD indicators remain healthy while trending sideways, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.175 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.190.
However, failure to hold on to support level of RM0.155 may indicate weakness in the share price and hence, a cut-loss signal.
this company got a free share float issue. Not much free share available. So directors had to let go of their shares to let another big shareholder from overseas come in. Example Fetian from china, now third-largest shareholder if I not wrong and continue looking to increase their share into Securemetric. Edward the CEO still holding the majority of shares, so no worries since he is the main brain for this company.
Of course, this company not making a profit yet, so that u cannot see the share price fly. Securemetric now in the progress to expand the digital signature business to Europe.
So a lot of things happening in digital space and Securemetric.
I'm here since 2018. Investment requires patient. If u read Cybersecurity news, by 2028 Cybersecurity will be among the biggest businesses in the world.
So the things is building slowly but moving forward.
BERSABAR ....if u think u have all the power to HOLD.
Careful now folks. Suddenly the buying support of 10k plus gonneeee.Fake support to excite buying so that director can sell again at a good price? Hmmmm
4 mil units disposed is about rm600k at 0.15. I am already owning half of it. (2 mil units). That's a small disposal from directors. Btw, he only owns 2.2% of the company. He's not the ceo. He's just a cfo.
Director selling gives a negative sentiment. However, if you are pure technical trader, the current setup is a low risk:high return entry. My previous sharing on the trade setup is still valid.
Director continuously selling is a bad sign. Probably the FY21 will be in the red.
Common sense..if you are a director of a company with knowledge of the company developments, will you sell your if the prospect is bright for FY2021? Hmmmmmm
I think this counter only their boss playing. At 9am to 4.45pm only got selling.... No buyet at all. When going to closed market only buying. Apa ni? Haha. Better away from this stock.
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Posted by DoomStock > 2021-06-03 16:20 | Report Abuse
You have been warned.
1. Accumulation: Done
2. Markup: Done
3. Distribution: Almost Done
4. Markdown: Soon
Careful now folks!