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The last chance for XOX to rebound is to test the 135 psychological resistance level. We see there is no potential for it to break 135. We have projected this since November. Then it will move downward gradually to 0.02
XOX currently in major downtrend based on parallel channel and its riding Correction Wave B to find a new Lower High.
There are potential limited upside to meet resistance @ 0.170 with Support @ 0.09 (RRR 1:2.2).
Breaking the downtrend channel could bring XOX to a new uptrend Impulse Wave 1 with Resistance area around 0.245
However, if 0.09 support is broken,...
Huge volume 1.6Bil and 1.4Bil on Thursday and Friday indicate that XOX is heavily invested with strong momentum.
It might open 0.26 on Tuesday, then look for up swing confirmation at 0.285.
It might also gap down, if that is the case then one would wait at 0.20 for a potential rebound.
After big gap up on Thursday, we might expecting pullback on Friday.
Sellers push price back into BB bands.
It might sideway at .24 support if .30 is broken.
Afterall it's Friday tomorrow and we are getting into long break for Merdeka celebration.
Profit taking time.
A box or B? Picking B.
XOX is a penny stock and the rise in the price was recently due to JV news with China company (Jiangsu Sulian). This Chinese company representing undisclosed Chinese telecommunication company. What can it be? We all know what Chinese company can do, they are advance in 5G network. But what we do know about 5G in Malaysia? Yes we know until now nobody is getting...
Shareholders are keep raising their stakes and these are in August ALONE! Something is really brewing!
12 Aug 2020 - 3,000,000 (MR TAM PING KUEN, DANIEL)
12 Aug 2020 - 3,000,000 (DATUK CHAI WOON CHET)
11 Aug 2020 - 10,000,000 (MR TAM PING KUEN, DANIEL)
10 Aug 2020 - 7,000,000 (DATUK CHAI WOON CHET)
07 Aug 2020 - 4,100,000 (DATUK CHAI WOON CHET)
07 Aug 2020 -...
Smart money came in, can be seen in malaysiastockbiz and often associated as 'good news'. XOX is still in right theme as government is exploring 5G prospect. With big tycoon came in for XOX, we may see further rise in XOX. In order for XOX to continue its bullish trend, it need to break its previous high @ 0.315 with the next immediate Resistance is observable at...