The Stock Library

Instaco on the rise after EGM

Edwin Toh
Publish date: Sat, 17 Aug 2013, 09:21 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..

On Friday 16 August, there was some profit taking from 0.380 ~ 0.390 before 11.30am because some panicked before the EGM whether what will be the exercise price of the free warrant. After about 11.45am, it shoot up to 0.40 and shoot up again after 3 to 0.42 after they got the information that the exercise price will be at 0.33.
 



Based on the chart it will test the next resistance at 0.43 and probably next resistance will be at 0.46 ( TP from RHB).

MACD - Positive
RSI - Positive
STO - Positive
ICHIMOKU - Positive


REsistance at 0.43 and 0.46
SUpport 0.37

 

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Discussions
Be the first to like this. Showing 3 of 3 comments

mahtani

wait till 0.44.

2013-08-17 10:59

Edwin Toh

sold mine liao at 0.415 :) Earn some quick money as i was playing margin..

2013-08-17 18:44

inwest88

Edwin, no one regrets realizing profits. As long as you make money, it's good enough.

2013-08-17 19:05

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