I predict Geshen is going to form a Symmetrical Triangle and will breakout anytime soon and going higher. PE wise is still not expensive. 

 Recently when i chat with friends, most of them would have said, Krono is good , with Quantum Storage China, krono future is bright, some of my friend put half of their wealth into Krono. When i advised them to be cautious, they don't like me.

 Here are some of the facts that i found and advised my friend Krono price may not sustainable. Short term goreng-goreng is more suitable.

The fact is , it is not new in Krono to propose Private Placement and then to acquire Quantum Storage. 

let's not dive into fundamental analysis , just simple historical data and see the characteristic of Krono.

In 2017 Krono acquired Quantum Storage HK which stir investors and traders' interest. It appeared on The Edge and everyone goreng it and invested in it thinking to hold long due to the super good bright future. That time when the news appeared on The Edge , it was around 0.960. However, the music stopped when the price shot to 1.2 and it keeps dropping for few months before it stabilized at price 50 cents to 60 cents. Many so called long term investors with strong faith in Krono has been losing money. 

The same story repeat now. i am not sure if the history will repeat. but i personally dislike a company to always do private placement and acquire companies that the directors has relationship with it. If the company is solid, they should acquire other company with own cash.

Serbak is one good example with many private placement. 

  

Today there is a news on Krono acquires remaining stake in Quantum China, with headline saying Krono is stepping footprint into China Market. A lot of traders quickly bought into krono thinking Krono will grow tremendously due to this news. in fact, this is only partially true. WHY ? 

because this news is old news. the same news headline was reported back in 2018 which managed to stir traders interest and made the price shoot up. That time Krono acquired 16.67% which already made krono stepping the footprint to china market since 2018. 

But, today, the headline again make it big big stepping into CHINA market so that it will catch traders eye. 

and, from past historical event, Krono price is always disappointing comparing to other tech/semicon stocks due to many rounds of Private Placement  were done which diluted the existing shareholders shares which i guess, was the reason that our profound Malaysian Investor , coldeye, sold his stake.

  

Support line 0.670 is broken. Krono is expected to be touching 0.490 - 0.500 level in less than a month. 

    

 Greatec form a double Top pattern which is a bearish sign. Traders need to be extra cautious as this chart pattern indicate the price will going south.

 Carlsberg just reported a profit of 21.73 cents per share for Q12021. which is lower than Q12020 due to covid19 pandemic. Q1 is the strongest quarter due to CNY sale. As a result, the rest of the year will be lower in revenue and profit. thus, with current price of RM21.xx , i believe it will going south for the next 6 months. Coupled with increased covid19 cases in Malaysia and Singapore. Q22021 will be very bad. 

Based on the chart, the generic price for carlsberg is RM24+- . Forget about the spike to RM31 as it was just pump and dump in a very short period.

Thus, the upside potential is limited even after the pandemic is over, but the downside risk is higher. 

 Unisem has broken the strong support line today. For short to mid term traders, better sell first as technically show there will be further downside.

 For long term investor. watch out the coming quarter if the earning can recover. The current quarter does not earn a decent profit to sustain the share price.

By refering to my previous article on Gtronic https://moneynology.blogspot.com/2021/04/gtronic-technical-analysis-after-news.html

It is confirmed today that the head and shoulder pattern is real and the neckline is broken today. 

The very solid support line at 2.30 is also broken as of now when this article is written. unless by end of the day it is able to close above the 2.30. Else, Technical side looks really bad.

 Rumours saying Apple might change the supply chain from AMS AG to STMICROELECTRONICS has made Gtronic share price dropping for the past few days. From TA point of view, it is head and shoulder which is a bad sign :

here i will not talk about fundamental as most of you already read it in many places, mostly talk about high ASP , thus the profit will shooting up.

So, i will touch on the technical side as i have been monitoring this pattern to form and it did.

1) now topglove is entering wave 4 , i foresee a wave 5 is coming which is a bullish sign.

2) price/volume divergence. As shown in yellow color line. This is another bullish sign again.

there is a high volume eaten up all the seller shares at 4:50pm on both counters. is this a sign that they are accumulating and preparing for tomorrow ?

is the correction done?

Supermax :

 TopGlove :

Rexit has just broken the Triangle that was started to form 4 months ago. Today, it finally break it as of time of writing , 10:45am.

According to this chart pattern, it is a bullish sign. It should atleast goes up another 20 cents from the break out point.

Inari has just broken the 3.39 resistance. From technical point of view, it's very bullish now.

My observation on the recent sell-down on Inari was actually a strategical planning by KWAP (kumpulan Wang Persaraan). It is predicted and actually told by the management that the 3rd quarter (Period end at 31 Mar 2016) will be the worst one. As a result, KWAP was waiting for the right timing to sell-down the stocks to create a panic selling by other traders/small fishes because everyone (especially who don't know that the 3rd quarter will be a bad one) thought inari will sharp drop like Gtronic.

From the chart and shareholding changes, it is clear only KWAP was selling down the stocks. But recently KWAP bought back majority of the shares that they had disposed during April and Inari stock price is coming back to the normal level.

On the other words, the recent big volatility of inari stock price was caused by KWAP , and since they are accumulating back the stocks, we should re-assess back the fundamental of Inari and decide if we should invest in it or not. 

on my personal view, the short term view on Inari is very promising. 

Below were the transactions done by KWAP.

Type of transaction	Description of Others	Date of change	No of securities	Price Transacted (RM)
Acquired		13 Apr 2016	500,000
Acquired		14 Apr 2016	2,233,300
Disposed		15 Apr 2016	30,000
Acquired		15 Apr 2016	2,000,000
Acquired		19 Apr 2016	141,500
Disposed		19 Apr 2016	2,800,000

KWAP started performed massive sell-down on 19 April 2016

Type of transaction	Description of Others	Date of change	No of securities	Price Transacted (RM)
Acquired		20 Apr 2016	500,000
Disposed		20 Apr 2016	3,700,000
Acquired		21 Apr 2016	53,200
Disposed		21 Apr 2016	3,000,000
Acquired		21 Apr 2016	441,000
Acquired		22 Apr 2016	47,400
Disposed		22 Apr 2016	64,400
Acquired		25 Apr 2016	47,900
Disposed		26 Apr 2016	1,292,700
Disposed		26 Apr 2016	2,000,000

on 27 April, KWAP Sold 3070000 shares and bought all of them back. it can be witnessed in the stock chart that on that day a hammer was formed.

Type of transaction	Description of Others	Date of change	No of securities	Price Transacted (RM)
Disposed		27 Apr 2016	3,368,283
Acquired		27 Apr 2016	3,070,000
Disposed		28 Apr 2016	1,913,300
Disposed		29 Apr 2016	80,000

KWAP started buying back a lot on 10 May 2016

Type of transaction	Description of Others	Date of change	No of securities	Price Transacted (RM)
Acquired		10 May 2016	2,077,700

Type of transaction	Description of Others	Date of change	No of securities	Price Transacted (RM)
Acquired		13 May 2016	500,000
Acquired		16 May 2016	500,000
Acquired		17 May 2016	800,000

Type of transaction	Description of Others	Date of change	No of securities	Price Transacted (RM)
Acquired		18 May 2016	1,000,000
Acquired		19 May 2016	450,000
Acquired		20 May 2016	276,900

Type of transaction	Description of Others	Date of change	No of securities	Price Transacted (RM)
Acquired		25 May 2016	3,000,000
Disposed		25 May 2016	866,600
Acquired		26 May 2016	195,200
Acquired		27 May 2016	1,000,000

.

Click to enlarge

Inari has just confirmed broken the downtrend tunnel. It's a breakout signal indicating an uptrend will continue. i would highly assume that the quarterly result that gonna be announced tomorrow will be a good one

AWC is look like in a nice downtrend from technical analysis perspective. it just hit the upper tunnel resistance at 0.390-0.395 i believe it will going south for a couple of days or even week to hit as low as 0.280. i would suggest to take profit at the moments if you have it. else you may hold long as this is a cash rich company and the recent acquisition of 2 companies might improve the company earning in long term.  

Inari was slowly forming an ascending triangle for the past 2-3 weeks. today it is finally broken the ascending triangle. Last friday it tried to break but failed. Today looks better but still lacking of volume.

Fundamental wise, US economy is confirmed getting better, i am bullish on US market. On the other hands, Local market will depend on the Ringgit (and crude oil). i strongly believe Inari will be very bullish once the Ringgit is recovered.

It look like a triangle breakout happened to Inari today. Tomorrow onward should be shooting up.

I would like to take the opportunity to explain how big fishes/company directors setting up a honeypot to trap the small traders to pick up their unwanted shares. i will take DSCSOL as a real case study because today is the last day when they 'release' the final trap and i believe thousand if not million of victim traders fell into their intentionally designed trap.

Let's assume the big fishes have RM 300 000 of cash.

By referring the the chart above, during the consolidation or accumulation period, let's assume they have accumulated 1.1 millions of shares at an average price of RM0.09 which is equal to approx. RM100K.

Next, on 1 Oct 2013, the big fishes started using their remaining cash to push up the price to get attention from the public. From the first arrow till the second arrow they might only used a small portion of the cash to push up the price. Let's assume they used only RM50K to accumulate 454K of shares at an averaged price of 0.110.

At this moment, they have accumulated 1.554 million of shares at an averaged price of RM0.096525. 
( The calculation is Rm150K/1.554)

Next , on the second arrow till the last day, the big fishes push the price more aggressively and more and more traders coming in. The victims that fallen into this trap has helped to push the price even further making the big fishes who has accumulated at low price earning big chunk of paper profits now.

 Let's assume the big fishes have bought another 500K of shares at an averaged price of 0.3 which costs them RM150K

So the final shares they have accumulated were 1.554 million + 500K which is 2.054 million of shares. The new averaged price was RM300K/2.054m = RM0.0146. 

But the question is, why they choose to cash in their profit today? Because today , 28 Nov 2013 is their company Q3 quarterly report announcement date and they (as a directors) have already known they are making losses!

So, on the final day, they have earned enough and start disposing their shares. Let's assume they dispose all shares at an averaged price of RM0.40. Ermm....how much they have earned?

Amazingly , 2.054m X RM0.40 is RM821 600. 
After minus the cost , their net profit is RM521 600.

And don't forget i am just using a conservative calculation for you to understand easier. They might have accumulated more during the consolidation period :-)

Now the question is, if you have fallen into the trap today? What should you do? i personally think that it won't go up again anymore.

Here is the daily chart for 28 Nov 2013

as you can see , Tgoffs is actually riding on an uptrend line. it has been touching this uptrend line for 3 times and it did rebound. As a result , i foresee Tgoffs will rebound tomorrow.