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IMPIANA gained half a cent or 12.5% to RM0.045 last Friday.
Share price hit a high of RM0.08 on 11 Apr 2019 before pulling back to hit a low of RM0.04. However, last Friday’s close saw a gain with higher-than-average volume, signifying the low of RM0.04 to be the floor and is building the base for trend reversal.
IMPIANA which has seen the injection RM426m of hotel business is set to return to profitability.
Furthermore, key momentum indicators are showing sign of oversold thereby we believe share price has bottomed and is due for a rebound. • From here, immediate resistance levels are identified at RM0.050 (R1) and further to RM0.055 (R2).
Likewise, support levels are expected at RM0.040 (S1) and RM0.035 (S2).
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....
cumcumshot
Post removed.Why?
2019-05-13 21:57