What a busy week for me. I was practically not in the market as I was away in Europe for a job interview. So no feelings for any of the blood bath in the market. Anyway, if the market didn’t come down, who will be the greater fool to buy it at a higher price from us?
Farmbes: Didn’t buy because it is not within my buying range. A double top at RM1.02 region? Since the weekly candle is no good, I think that a good entry will be at 0.85-0.90 (if it do continue upwards).
Timecom: Did not cut lost yet. Weekly chart shows that consolidation may be over.
MBFCorp: Still holding. Hard to play penny shares as the trading range is too narrow.
RHB: Back to square one. No signals yet.
Carotech: Daily reversal candle with volume. RM0.62 has been holding well for 3 days. Consolidation over? Weekly chart no more overbought.
Sunrise: Looks like rebound is over. Still in downtrend. Going to exit this counter soon.