Posted by filatovarthur > 2021-10-13 19:08 | Report Abuse

The market on Wednesday closed with only 4.487B volume. Despite the KLCI index opened got pumped and closed at 1,600 resistance, the market are still not tradable for today for intraday purpose. The Superstars yesterday were mostly not doing well. SCIB and WB gapped up in the morning and tested the resistance of 0.545 and then dropped all the way to support after facing a huge selling pressure. The thin stocks and warrant theme such as ENRA, EITA and WAs were the target of Investment Bankers in the morning since they are thin enough and the weak market is favoring thin stocks... Both of them got pushed to resistance again for distribution and sell down to support for the sake of washing out those who are holding it at the high price. On the other hand, Brahims got forced up all the way from 0.52 to 0.765 high within a short period of time. In my live voice call today, I have warned numerous time to not chase this stocks once it has went above 0.65 because I had forseen the Syndicate way of distribution with totally no mercy. The stocks slammed down on a straight line basis with not even a slight rebound from 0.76 to 0.52 in less than 20 minutes. For Thursday, I will be monitoring SCIB theme, EITA, PN17 and pump and dump counters, followed by thin and dollar stocks. I will also watch Steel for potential breakout. I will update live if I see anything certain. KTB Resistance : 0.23, 0.24, 0.255, 0.275 Support : 0.215, 0.20 PN17 theme tried to go today after Brahim's effect. XL-WA Resistance : 0.25, 0.265 (strong resistance), 0.275, 0.295, 0.315, 0.33, 0.35 Support : 0.24, 0.225, 0.20, 0.18 GIIB-WA Resistance : 0.045, 0.055, 0.065 Support : 0.04 Looks like a buy on dips to me, haven't go up yet despite mother is consolidating upwards today. EITA Resistance : 1.02, 1.05, 1.09 (Strong resistance), 1.13, 1.16, 1.20 Support : 1.00, 0.98, 0.965, 0.95 Historical high, resistance level are derived from psychological resistance. Euro Resistance : 0.705, 0.725, 0.745(Strong resistance), 0.765, 0.785, 0.80, 0.82, 0.84, 0.85 Support : 0.67, 0.655, 0.645