Resorts Frenzy Buying is Over!Observing this morning rush hour traffic (9.00-9.20 am), it looks the play is now on Genting. It went up 20 sen to RM8.55 and Genting-CD which was left behind yesterday took centre stage today to up a sen to 0.04 sen. Those who pun the counter at 2.5 sen and possibly at 0.3 sen can exit with joy.
Resorts shot up to RM4.60 but slided down equally fast to RM4.54 for an 8 sen gain. Will it hold at this level? Hard to tell. I surmised the Treasury buy is peaking. They could be bargaining the price down for another push up perhaps this afternoon. Buying is dynamic, with its peaks and troughs. I expect it to settle down at RM4.60 for a 14 sen gain, at best.
KPS has gone up to RM.189 for a 6 sen gain on good volume. Highest done was RM1.91. Elsewhere, Welli is still looking at corals or Neptune, down another 3 sen to RM1.27. JAKS is half a sen better at 83 sen.
We are now in the witching hour. What is on the other side?
Heartsong
Resorts shot up to RM4.60 but slided down equally fast to RM4.54 for an 8 sen gain. Will it hold at this level? Hard to tell. I surmised the Treasury buy is peaking. They could be bargaining the price down for another push up perhaps this afternoon. Buying is dynamic, with its peaks and troughs. I expect it to settle down at RM4.60 for a 14 sen gain, at best.
KPS has gone up to RM.189 for a 6 sen gain on good volume. Highest done was RM1.91. Elsewhere, Welli is still looking at corals or Neptune, down another 3 sen to RM1.27. JAKS is half a sen better at 83 sen.
We are now in the witching hour. What is on the other side?
Heartsong
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