KULIM = TA Outlook of 15th July

KULIM (2003)

Current Price = RM5.20

Last Friday, all of sudden, high volume was transacted. This was due to immediate re-sale of treasury share.

Date of transaction	:	13/07/2012
Currency	:	Malaysian Ringgit (MYR)
Total number of treasury shares sold (units)	:	27,482,200
Total number of treasury shares cancelled (units)	:	0
Minimum price paid for each share sold ($$)	:	5.200
Maximum price paid for each share sold ($$)	:	5.210
Total amount received for treasury shares sold ($$)

They collect the share from lower and put it in treasury. The share was priced at RM3.xx in April last year when they did share buy back.. The share volume is getting small and easy to push up. After push it to highest, and they release/cancel it? kinda dirty play?  But who is the buyer of all treasury share? with 5000lots consecutive transaction, surely it was from the same person.

1 thing that makes me wonder is, how they define the chart's volume color? if i am not mistaken, the share was in buy condition not sell. So, the volume of buying is higher than selling. So how and why they put it as red color? If you guys know, please teach me.

As i saw the share was in buying condition, the OBV and ACCU indicators are in falling condition. If based on these indicators, i expecting, price will fall on the next coming days..

If to compare directly with volume and price, the fall of OBV is level with price of RM4.50..

Stochastic also in overbought position.

Lets see on Monday for the next direction of this stock.