Dear My Fellow Friends,
Some of you might already onboard PNEPCB and its warrants the last few days. Congratulations to those who had profited from the game play. I wish to inform that I had 4 times cut loss + 1 time sold back at same price it really surprised me because this is one of the Top 3 greatest operator I've ever met. In fact, I would like to share my dissection report and wish to invite more to share your thoughts as well.
I am looking forward to learning more from everyone. PLease bear with my report first.
Content:
- Financial Highlights
- 6 day Game Play
- What next
1. Financial Highlights
Looking at the few years performance the reveneue is not sustain and up down in every 3 year cycle. Net profit fell into negative started from 2019 while we can see the profit margin has reduced from -12.5% to -3.3% but yet to show sign of return to black. Whether the project of glove production is genuine or sentiment, up to your imagination and final judgment in next 2 quarters.
2. 6 day Game Play
I must admit the PNEPCB operator(s) are those very experienced in the market and their tactics were absoluty brilliant and boodly cruel. Upon 5 time cut loss only I realized how much I have overlooked from day 1 until now. Well, I took the whole morning to dissect the game and transaction. Hopefully, with my thought starter initiative many more can drop by to enlighten me.
My conclusions at this moment:-
- Operators jacked up mother to release mother shares and the newly issued PNEPCB-WB
- Operators jacked up mother to collect PNEPCB-WA and convert it to mother share with extremely low Premium (-15% to -30%)
-
Operators enhanced the tecnhical analysis to con retailers such as
- Fake limit up
- 2nd day gap down but closed back 70% of previous day candle (limit up on Friday)
- Morning push-and-kill then portraited price stable in the afternoon
- All days 52-56% Buying Rate to lure the buying who hope for sharp recovery
Let me explain more with figures.
The figure above shown how the quick push and steep selling for both days. REMEMBER THIS WHEN THE LEFT SIDE BUYING QUEUE BUILD UP EACH PRICE 15,000 LOTS TO 25,000 LOTS SUDDENLY THEM IT IS TIME FOR THEM TO SHOOT DOWN because they waiting for retailers to increase buy queue when they push up. Having said that, they have more liquidity to dispose.
Next,
The figure above shown the hourly activities for Friday to Tuesday of PNEPCB/PNEPCB-WA/PNEPCB-WB
The figure above shown the hourly activities for WEdnesday to Friday of PNEPCB/PNEPCB-WA/PNEPCB-WB
3. What next
Based on the technical chart it shown that the next level of support is at RM0.325 which is 22.6% lower than Friday's closing price of RM0.420. Are you ready to lose? It is not impossible that next week the ugly operation turn 360 degree to buy when selling volume drop immediately. Monday is the force selling day for Wednesday's renew batches.
*Some signals you must observe before the buying is real.
- Buy rate drop into <39% ; mean they dont buy back (when buy back they are protecing the chart and will throw more)
- When buy rate low, the volume suddenly drop below 70% of last 5 days volume. Expected fall out of Top 100 most active page. Low volume with low buy rate can hyphothesize seling is about the end
Happy trading. Stay safe and dont forget to provide your inputs.
Best Wishes,
duit
