Wednesday 4 October 2023

The very curious and strange Public Invest Research on Revenue Group Bhd.

LOOK what the cat has dragged out, a report today from Public Invest Research that states READ : Revenue Group is a technical buy, and the stock can fly up to 26 sen a share.

AND, we are to believe that based on this technical report solely, more than 26 million Revenue shares have been traded,  ushering Revenue Group among the top 20 most traded stock in the market today.

HOWCOME, PublicInvest Research, since after all its doing a technical play on the stock failed to mention that based on the moneyflow index reading which settled at 77.16,  would suggest that a  Money Flow Index that begins to fall below a reading of 80 while the underlying security continues to climb is a price reversal signal to the downside.

THIS in turn would seem to suggest the making of a rollover in the process,  the first of two roll overs, which the guy listed on Francis Leong Seng Wui's phone as merely V will have to maneuver.