A net cash mobile content provider. M-Mode (listed Dec 2004) is principally involved in provision of mobile content and data application services in Malaysia. The company offers digital content such as music, entertainment, lifestyle, sports, education, applications, etc. Currently, M-Mode is trading at trailing 8.5x P/E, supported by 2.4% dividend yield and RM43.5m net cash or 26.7sen per share (end June 2015), which accounted for 66% of its RM66m market cap.
Poised to break downtrend line resistance. Share prices are likely to break its long term resistance trend line (weekly chart) soon, supported by improving oscillators. Prices also swung past its 10-d/20-d/30-d/50-d SMAs along the way, with immediate resistance at RM0.44 or 200-d SMA. A decisive breakout above RM0.44 will spur prices higher towards RM0.47 (61.8% FR) and our long term price objective at RM0.50 (76.4% FR).
Key supports are RM0.39 (10-d SMA) and RM0.375 (20-d SMA). Cut loss at RM0.37.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....