It has been in alert that Sarawak counters been diving since ... before Swak election. Triggered by the giant CMSB (Cahya Mata), many more tumbling down and created the domino-effects.
CMSB : The weekly chart showing the selldown, which I tried to catch ... and have to cut-loss when it broken RM4. At RM3.30 level now, it is still in my stalk-list ... waiting for rebound to come.
Note : CMSB came up from RM1.40 to RM5.80 ... that is huge move. Anything price moves so high MUST be supported by earnings/profits. If not, it will be punished.
Taann : Bad QR out ... and it continues to DIVE ... closed around RM3.90 yesterday and rebounded to hit RM4 this morning. Support at RM3.80 and I m still watching.
Naim : Going into new low level ... at RM1.92 level. No catch for me yet. Wait
HSL : Another counter being bashed up ... waiting ...
DO not try to catch knives. Trade at own risk.