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stockie wrote:Don't burn your money guys this is crashing, see the ASPI chart from Jan 27 it is heading nose down even if it try to pick up it keeps falling

LOLC retailers are selling and one of the state institution is buying (Market talk).  

Once the selling over at least it will reach 375 levels

madukp wrote:All the support levels are broken by this mafia gang. Now just keeping up with 7000. Technically this is the point it should move up. But I can't trust SL investor sentimental.

WealthKing wrote:This Fall was mainly due to the LOLC, i think now it is reaching its Fair value, it might come down to Rs 280 level, then i expect this would be the market bottom (6850- 6900)
Keep an eye on LOLC, that will help to understand the behavior of the entire market.

Do not sell your valuable shares so cheaply...

Most probably market will start with the red and hoping a recovery at the end...

This is pure illegal manipulation. Let's spread about these people everywhere in the world. In all social media and foreign news articles as much as possible.From the society I heard this is how black money brought into the country as white money. Is this also a political game??

David VKMS wrote:

stockie wrote:Don't burn your money guys this is crashing, see the ASPI chart from Jan 27 it is heading nose down even if it try to pick up it keeps falling

LOLC retailers are selling and one of the state institution is buying (Market talk).  

Once the selling over at least it will reach 375 levels

xhunter wrote:

madukp wrote:All the support levels are broken by this mafia gang. Now just keeping up with 7000. Technically this is the point it should move up. But I can't trust SL investor sentimental.

How this technical support or resistance works in real world?
history ASPI chart and today/tomorrow movement is totally mutually exclusive, right?

Vishwanarth wrote:Yehhhhhhhhhh,,, See latest news

https://twitter.com/an_cabraal/status/1367677953417437187

Vishwanarth wrote:Yehhhhhhhhhh,,, See latest news

https://twitter.com/an_cabraal/status/1367677953417437187

EPS wrote:If they know the CSE Market cap worth more than the 4.5 Trillion, why they late to take this action ?
Anyhow many small investors totally vanished by now.

Now market cap 3 Trn.
Guess, another 50% will up , now onwards without any interruption    

State minister Capital market

Requested
@CSE_Media
to allow broker #credit based on total portfolio & not force-sell individual #stocks: will also soon discuss this matter with #Banks & other lenders to arrive at a suitable solution. #lka #SriLanka #corporates #capitalmarket #Investments

madukp wrote:If gov knows the potential, their best move should be to buy fundamentally sounds shares at this level using EPF/ ETF letting these thugs dump whatever they want, rather than Cabral whining around like a baby.

SEC should issue a letter to all brokers with ANCs new guideline unless brokers may say they are not in Twitter 

madukp wrote:

xhunter wrote:

madukp wrote:All the support levels are broken by this mafia gang. Now just keeping up with 7000. Technically this is the point it should move up. But I can't trust SL investor sentimental.

How this technical support or resistance works in real world?
history ASPI chart and today/tomorrow movement is totally mutually exclusive, right?

Let me try to answer your question according to my limited knowledge. These technicals are based on statistics, probability, theories all based on real investor's psychology are represented in technicals. But it is not practical to assess technicals when manipulation controlling the market. The current situation, all we can do is buy shares that we think are fundamentally good and realize returns in the short term.

We are defining support at the most supported levels by investors going through the history records. Resistance on the other hand where prevailing the upward trend.

The chart that I have uploaded based on my point of view. We were at a steady uptrend, which should be the ideal case as most of the stocks are undervalued. Then starts the pumping, then dumping.




According to the last 6 months' history, someone may have expected good support around 7200. But it has been broken today. Our guys dumped their value shares today, so the market reached 7000 levels.

Please refer to this link for an explanation of support and resistance levels.

https://www.investopedia.com/articles/technical/02/061802.asp

madukp wrote:

madukp wrote:

xhunter wrote:

madukp wrote:All the support levels are broken by this mafia gang. Now just keeping up with 7000. Technically this is the point it should move up. But I can't trust SL investor sentimental.

How this technical support or resistance works in real world?
history ASPI chart and today/tomorrow movement is totally mutually exclusive, right?

Let me try to answer your question according to my limited knowledge. These technicals are based on statistics, probability, theories all based on real investor's psychology are represented in technicals. But it is not practical to assess technicals when manipulation controlling the market. The current situation, all we can do is buy shares that we think are fundamentally good and realize returns in the short term.

We are defining support at the most supported levels by investors going through the history records. Resistance on the other hand where prevailing the upward trend.

The chart that I have uploaded based on my point of view. We were at a steady uptrend, which should be the ideal case as most of the stocks are undervalued. Then starts the pumping, then dumping.




According to the last 6 months' history, someone may have expected good support around 7200. But it has been broken today. Our guys dumped their value shares today, so the market reached 7000 levels.

Please refer to this link for an explanation of support and resistance levels.

https://www.investopedia.com/articles/technical/02/061802.asp

Happy to see investor sentiment get positive around ASI 7000 today.  I got few shares today. Let's see how this game gonna play.