Stocks to Watch

Stock to Watch ABRIC and ABRIC-WB (Potential Breakout Stock)

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Publish date: Wed, 12 Nov 2014, 12:29 AM
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Stock to Watch ABRIC and ABRIC-WB (Potential Breakout Stock)
 
After a heavy sell down in end of September due the announcement  made, ABRIC has regained some buying interest and currently in a consolidation zone. Price is well supported and may put into your watchlist.
Price possible to retest 0.72 but first have to breakout from 0.68 with high volume before another new journey. Watch for momentum to kick in
 
Happy Trading and Trade cautiously as market is having a healthy correction now (My opinion)!
 
Any investment decisions carried out based on information, analysis, or commentary provided here is solely your responsibility. You should consult your investment advisor before making any investment decisions.


 
 
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1 person likes this. Showing 3 of 3 comments

willnck

The proposed sale of its business and the special dividend of 30sen which is expected to be completed by end of the year will hopefully put them into investors radar.

2014-11-12 09:17

luckylee

Hi willnc, like to know it's true sold to who//
Any TP TQVM

2014-11-12 10:31

willnck

luckylee,the proposal was made in July by ESNT,a company incorporated in UK and a subsidiary of ESSENTRA, a company listed on the LONDON STOCK EXCHANGE.It is a non-binding offer.It may or may not materialized.Do exercise caution and trade at your own discretion.What I told you can be extracted from its announcement in BURSA website.

2014-11-12 11:41

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