Just before GE14, I posted that Opcom's rally was overdone. I still stand by my previous take on the stock. However, I would readily admit that it may exceed my expectation as it is a penny stock. Most penny stocks are strange creatures that move at the rhythm of the more volatile players in our market- the retail players. Once a retail player buys into a trading...
After the first major inflow in funds flow, the stock exhibited a bearish descending triangle to help in further accumulation of the stock. The bearish descending triangle is to lead people to believe it is in distribution mode. During this time, the funds flow inflow continued to go up secretly.
This followed with a breakdown of the descending triangle which...
Laburlah Technical Coverage (01-JUN, Friday):
Technical Analysis Breakdown
1. Trend: Seeking support
2. RSI: Early sign of reversal
3. MACD & Stochastic: Still bearish
4. Resistance level: 0.745
5. Support level: 0.645
Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis...