Industry: manufacturing and trading of chemical, PVC, shampoo, foam booster, washing detergent and industrial products
Well look at my chart found it at TC high and also at resistance point, it might have a chance to go back to 25c , TAS also as high as 90 . so it next high may be around 35c.
Hold to your Karyon shares. It is holding above its all time high of RM 0.28. It has no more resistance and it will fly up again soon. You should sell only when it's chart is moving up-right for a few days (looking like a ladder in up-right position). Anytime it will end its bull run after this up-right move. Wish you good luck. Since it able to move above 28c I think 40c should not be a problem , when really reach that target may be you can clear it wait for a big correction then see how it consolidate then go for the next round if there is.
Yesterday Karyon has touched it's all time high of 30 cents set in 19/2/2007. After surpassing 30c it will have free run up. Don't set your target too low at 40c. Just wait for its chart to reach its up-right position, ie its price creating new high successively for a few days. Normally in a bull market, most actively traded counters will reach many times their accumulation prices. Otherwise those players who have the intention to play-up a counter after accumulating its shares will not be able to make big profit. Karyon's accumulation price is between 15c to18c. Nobody can set a target price for you because a free run-up counter cannot have a projected target. Just look at this counter found around 35.5c should have resistance .at this level i should have complete a full round of north journey movement ,may rest for some time. If price price open gap up then move down that might be to let traders see a high price move down to show it is cheaper now so some will jump in to buy so they can easliy let go their stock. you should hold your shares until its chart is up-right and moving up continuously for few days before you consider to sell your shares. In a bull market, share price will climb in steps and its chart becomes steeper and steeper. When it is up-right that is the end of the play up. Let me show you all how to agitate the pusher when you start to sell your shares so that they will push the share price higher and higher. Sell one lot or two when there are many buy orders and few sell orders. The pusher expect you to buy his few shares but you sell to him instead. This will annoy him to push the share price higher. Remember every time you sell some of your remainder shares wait till there are many buy orders and very few sell orders. This is my personal experience for you all. Not only ACE counters. All other low liners and high price shares can be the same too. The most important thing is there is a pusher behind the counter. The big bull run in 1993 with many loaded foreign fund managers pushing our shares up, so many of our share charts reached the up-right position including the composite index chart as well.
Thursday, July 25, 2013
