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2009-08-20

JAKS - Fund Manager Is Coming Out Slowly

























Money is flowing out from JAKS share after fund manager push up the share price from RM0.40 to highest above RM1.00. From the chart, money is flowing out slowly and at the same time trying to maintenance price at above RM0.80 ( beyond line label C ) I think the fund will continues to flow out the money until the price reach RM0.80 or below a bit at the 1st support line before any buy back share will happen by the fund.

Base on the RSI and Wm chart, I think after the fund flow out, the money will use back to push JAKS share price up again to hits RM1.05. This fund of money is the same use in pushing JAKS share price from line A to line B and after all the good new they need retail investor to take they place to support the price so than the money can be use to push more higher the share.

I think price below RM0.80 will be a good buy however it still depend on it is the money will flow bank base on CMF chart after RM0.80 level broken.

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