QUOTE(Boon3 @ Aug 9 2020, 10:06 AM)
most of the time... I don't really search for the reason on what caused the stock to collapse ....
oh yes, the key here was same with Harta ..
the stock retreated after
hitting new high on low volume ..
incidents like these signals that the market doesn't agree or want to participate in the rally despite the stock registering new historical highs..
perhaps they feel the stock had gone up too fast already...
perhaps they feel edgy since the QR report will be released soon...
when it hit ... that 24.44 (choi! choi! not lucky number) in the morning...
it was done on low volumes...
and when one peeped at TopGun trading, it was as if the lalat were having a ball... hardly any trading
and actually on the whole ....
if you look below ...
the under 200,000 vol .....
those are real low volume days when you consider the fact the stock had been on a boom ...
and the frequency of it happening is getting more...
which points to pretty much the same ...
stock is moving higher but the volume is lacking...
this looks to me what they call week price action....
coincidentally, stuff like this is what I look for to exit my trade... week price action when the stock is at its peak....just one of the signals that suggest to me ... PERHAPS it is time that I
may consider if I want to exit the trade for a profit or not....
however, this is not a 100% thingy....
there are times it fails...
it has happened b4 .....
yes, yes.... volume, volume!!
actually the daily vol for the big4 have definitely reduced over the last week.
support for higher prices has become flimsy for sure.
since bursa is still at record vol, it must have gone to the others - primarily penny stocks, i suppose.
the big4 have basically achieved all there is to achieve.
except maybe topgun... has a bit more room to get to 30?
(and i say that becos i have some.

)
thereafter... same fate as the rest?
thanks for comments, appreciate it.