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Instaco Broke above the resistance line at 0.37

Edwin Toh
Publish date: Thu, 08 Aug 2013, 09:57 AM
Edwin Toh
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Talk about everything all under one roof which help us profit big money!! This blog have Technical Analyze Chart on Selected Stock and Forum for Daily Buy and Sell Call.


Disclaimer
All observation, buy call and sell call based on my own personal view are just for informational purpose and for my personal references to remind my self what i have analyze before and now for self improvement. Buy at your own risk and do not follow my view as i am only a novice analyzer with 60% success only..

Instaco seems to be one of the hot stock in the top 10 highest volume for this week. I wonder what is the main reason of so many investor flooding on this ACE stock?





1) Broke above the R1 at 0.37 and next R2 is 0.43 ( another 10% more profit?)
2) MACD - Positive
3) RSI - So so
4) STO- Positive
5) Volume - Healthy

After further analyzing this counter, this counter was formerly known as IPOWER which is a famous stock to goreng!! So better be extra careful when investing this kind of stock.


 

 

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inwest88

Comments :
1) if the price touches R2 whichis 43 sen as mentioned, the additional gain is 13.5% and not 10%
2) yes, it's formerly called I-Power. However the current company Instaco is new company after a takeover and has plenty of room for growth in the telco business.

2013-08-08 10:40

inwest88

Thanks slts. The information has been released in Dali's blog a week ago.

2013-08-08 10:56

charlie chia

Ok good sit n watch for those whose had bought
AGM on coming Friday
Bonus issue for warrant shdnt dampen the share
Further they have to average out 5 days WAMP
To determine the warrant exercise price at s discount not more than 15%

2013-08-08 12:07

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