Push & Dump Operation in Progress

If you looked at the losers with volume, you would see the top 5 securities are CIMB, VIS, TECFAST, VIS-WB and SINOTOP. If you look at the charts for VIS, TECFAST and SINOTOP, you will notice huge volume accompanying the spike in share price yesterday.

We could well be witnessing push and dump operation here as retail investors or punters rush into the market under the belief that they have missed out on the cheap prices. Be careful! 

Chart: Sinotop, Tecfast & VIS's daily chart as at 29 April 2020 (Source: Kenanga BTX)

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRpr5vRClHKj-rbMJO8f1IB9z4tSse8uKpRTvO9W3RNH4i5abU3VV3pMySZIcqiJTjPWWjIfIV45BgvruYeNWrA_PV-uYdgbxCiC8qe2v_KKJCLbmWmSmEYkCJLlRv_96UKpkc/s1600/Sinotop%252C+Tecfast+%2526+VIS+d20200429.gif

https://nexttrade.blogspot.com/2020/04/push-dump-operation-in-progress.html