We expected some corporate development as explained here. At that time, the holiday mood was there, making it a quiet affair as far as transactions are concerned.

But, on the 8th of January 2021 at around 3pm........

A breakout was detected. Potentially it is an explosive breakout.

The plan is simple.

Dato Wira Ng's 27.83 percent shareholding must be converted into something very meaningful. His other public listed company AURORA is as good as a dormant or non active counter. It is where his trading entity particularly GOLD business is parked.

With the increase in the global GOLD market, he needs to take advantage of this. Call it a multi-pronged strategy or "serampang banyak mata" or whatever term it may be.

We reckon that Dato Wira Ng is now ready to flex his muscles leveraging on CAELY.

LET'S THE JOURNEY BEGIN

Disclaimer : The above opinion is never intended to be a BUY CALL whatsoever. Wealthstudio is sharing our observations. Wealthstudio analysis is based on detailed research and analysis based on facts and figures available in the market (thank you Google), plus technical analysis from Tradingview's charting. Please make your own informed decision before buying this share or whatever share for that matter.