Better not closed below 1291 tonite.Friday, April 25, 2008
1:41 pm - EPF bought a lot of IGB shares.
Big players are supporting this counters. Check out this counters and put your stop below the support.
12:04 noon - FKLI set to look bearish - mushrooming down
KLCI cannot close below 1291 tonite else it is looking to move downward.
11:53 am - PetDagang - 5 L/C and pffer good exposure to crude oil
Volume is low now but the market was tested if it can go lower and it did not at all.10:58 am : Liqua Health been investigated by SC.
Here you have a classic chart of how the counters is manipulated. Notice the 2 long bars with high volume to let the public buy into the counters. This is how the big players unload their inventories to the unnoticed public.
And today Liqua drop the bomb - Kapoo !
Now compare to Transmile chart, do you see some similarity ?
10:45 am - Finally, Etitech broke down and selldown !
Interesting enough, if you follow my blog on this counter, ETItech (use the Search function on the top left of the page), I call for ETITEch on 21 Jan 2008 @ RM2.64 (Chart of the week).As the days progress, I question the counter as it hits higher on until Feb 29, 2008 when I first saw Etitech has a long tail and take some profits, maybe @ RM2.90 and take some more profits on March 12, 2008 where many bars with long tails @ RM2.50.
Today, we finally see Etitech broke down @ RM2.30.
Interesting when you trade this counter, you get to know who is behind them !
10:15 am : PB Bank is testing the last high @ RM11.30
I expect there will be some selling at this level of resistance Rm11.30. If PBB break into RM11.40/11.50 with low volume, this may not be sustainable.
10:12 am : KLCI higher in the morning ??? What about in the afternoon ?
KLCI higher due to higher closing DJIA +85.73. I think our KLCI is sensitive to the resistance of 1300. To reach higher, KLCI has to break 1300 convincely.
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