Shares & Derivatives
King Wan Update
By Little Boy  •  June 24, 2014
The sudden surge in King Wan's pricing on 20th June 2014 comes to questioning. It touched a high of 0.370 and closed at 0.355. The strong resistance of 0.340 has been broken within a single trade. Some big fish bought 1628 lots and cleared the 0.340 barrier. King Wan's Volume hit a 1 year high of 9.57m shares that exchange hands. The last time it's volume was so thick was on 29th May 2013 (a year ago) of 18.1m shares.
So the question is who bought and cleared the 0.340 barrier? And a minute later 0.345 is being cleared with another single trade. Some big fish is probably buying up King Wan's share. Could it be an insider buying? A fellow VBs (Thank you, BestPrice) tested water and sold some of his shares at different prices. CIMB is the opposite transaction. From ......
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By Little Boy
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