QUOTE(edwin32us @ Sep 28 2012, 02:16 PM)
If u Check the day trading it hit at 0.715 and there was massive buy pressure at 11pm which makes the share shoot back up at 0.73 and after 12 it went up to 0.74..
For me, there is a keen buying interest from the retail and this might drive their buying appetite back to this counter again ..
If today ended with a hammer , there is a chance of white candle on Monday which will create a new higher low which is a positive result for TA investors...
Edwin, sometimes, events creates the stock movements and the movement can be seen in the charts.
Hii had been one big factor that drove up the shares of this Sweet Young F...
He was the big buying hand that had been sapu-ing the shares.
QUOTE
"Hii -- who is also SEGi's group managing director -- mopped up 7.75 million SYF shares on Sept 18 to raise his holdings in SYF to 15%, just three months after emerging as SYF’s substantial shareholder with a 10.01% stake on May 31."
That had created the buying demand for the shares and with news he was buying he attracted others to follow suit.
When this 'news 'became' official, the classical 'buy on rumours, sell on news' happened, and you can see the sharp retreat in share prices recently.
Out of the blue, today, news flashed saying Hii might want to buy more?
I think this could be the catayst.
Check the stock tracker at 12.15.
Sweet Young F.. was eaten up at 73 sen.
Big volume was transacted too.
My interpretation is the 'news' created the buying interested.
Of course, your interpretation is valid too.