Lim's Blog
Latest analysis of Aturmaju by rakutentrade
Saw the post on here https://www.investingnote.com/posts/1397277
• ARB surged 32.5% or 13 sen to close at RM0.53 on Tuesday.
• Following our technical report on 15 March 2019, share price has gained 45% to current level. Tuesday’s long white candle saw the price to break the resistance level at RM0.515 on the back of higher-than-average trading volume, which is more than 6-fold of the past 10day average.
• This is on the back of their record quarterly profits recently announced which has seen consecutive quarterly profit growth. With such stellar results, coupled with the uptick on the key momentum indicator, we expect share price to move potentially higher.
• Resistance levels are expected at RM0.60 (R1) and RM0.62 (R2).
• On the flipside, support levels are expected at RM0.315 (S1) and RM0.305 (S2).
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Discussions
Be the first to like this. Showing 7 of 7 comments
how to instant profit? very new investor and what is pa in full sentence?
2019-05-02 11:14
PA is preference share and also known as ICPS or son in market share. current price is 0.27 while the mother is 0.585. you can buy mother at 0.27 and top up 0.19 for conversion to mother, which mean ur cost to get mother is only 0.27+0.19 = 0.46...then jual at 0.585 or higher or lower also earn edi, thats y ppl say is instant profit =)
2019-05-02 13:48
buy PA and keep also can or u wan play PA only also can, not necessary must play mother. and provided if arb is 0.585, PA shud be 0.395 soon, so now 0.275 is consider very cheap. so can cnsider buy pa
2019-05-02 15:24
seeing that aturmaju continuous 2 quarter profit, and last quarter is rm5.08million earning, mother wont easy drop till that price d, it even possible to hit resistance level stated by hlb which is 0.65 https://klse.i3investor.com/blogs/hleresearch/204722.jsp
2019-05-02 15:32
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bishibashi
very accurate report from rakutentrade, Resistance levels are expected at RM0.60 (R1) and RM0.62 (R2). this morning edi reach 0.605 highest
2019-05-02 10:53