If you are still into Ramunia, you should exit now before it is too late. It is forming a mushroom with multiple up thrust on top. The volume indicates that the market makers are distributing their shares on the top (high volume but low spread). In addition of the up coming uncertainties in the [...]

We have exited the trade at RM5.60 before the big push on Friday. However the volume does not look healthy as the price went up with average volume (lower than previous sell down volume). It is clearly this is the effect of the “election” and could be shortlived. Beware of profit taking on Monday. [...]

Supply still present in the RM1.85 region. Two consecutive tests at the RM1.80 - RM1.85 level seemed good but supply presents when it was pushed on Friday. High volume close in the middle is a sign of weakness. If the market is strong, it will go sideway till further strength kicks in. Else it [...]

Our discipline of keeping the STOP LOSS and not affected by emotion has paid off well. The price has rebounded once it hits the 23.6% Retracement Level. The next level resistance is at RM1.85 - the previous congested area. Expect some fight in order to progress further. Trail your STOP LOSS to RM1.80 if [...]

Genting has been supported at the RM5.60 level which we discussed in the previous post. However looking at the price and volume action, it seems like the market is not interested for any up move or down move at the moment. I would recommend to keep Genting till further time. But it moved further [...]