Based on TA daily chart , Gadang is on downtrend. The daily candlestick turns to bearish pattern. Wave analysis. TP1-1.545, TP2 - 1.447, TP3 - 1.13

Based on the price movement, there is more upside than down.

Good Morning, Benalec Investors, Happy Trading!

Good Morning, Gadang Investors, Happy Trading!

Good Morning all Gadang Investors, I would like to share what i thought of the mother's share price movement as at yesterday (25/4/2014).

If we base strictly on Technical Analysis, than the stock price is in overbought situation since 7/4/2014 where the RSI (14) - 73.9% and the Stochastic (10,3,10) - 82.6% (%K) & 50.3% (%D).

Technically, the price should head south but the price keep moving up from 1.27 to 1.96 (high) and close yesterday at 1.88. And yesterday the RSI (14) - 85.9% and Stochastic (10,3,10) - 83.3% (%K) & 89.5% (%D)

Comment : Sell

If we base strictly on candlestick, on 24/4/2014 the opening price is 1.85 and the closing price is 1.94 and a gain of 0..09. Base on yesterday candlestick, the opening price is 1.94 and close at 1.88 and a loss of 0.06.

Comment : Sell
(The body of the candlestick (up) on 24/4/2014 is 0.09, if any candlestick (down) down more the 0.05, than the candle show a signal of a sell signal. But yesterday close is down 0.06.

If we base on wave analysis, the W1 was started on 08/10/2013 (0.80) and end on 25/2/2014 (1.25), Wave 2 start on 25/2/2014 (1.25) and end on 1/4/2014 (1.13) and now we are on Wave 3 start on 1.13 until 25//4/2014 - 1.88. Base on my wave calculation TP1 - 1.58, TP2 - 1.86 and TP 2.03.

Comment : Hold

(Wait for the RSI cross below 70% and Stochastic %K cross below 80%)

Base on what i analysis, i will keep holding on the stock and i think it will go up above 2.00+ very soon before the downtrend start.

I hope this analysis of mine, it might not be accurate but at least it will help those who are in the dark.

Happy Trading To All!

Savvyone, Thank You very much for sharing all the information that you know. Have a happy weekend and hope next week will see a better day for all Benalec Investors.

Let the price stable first, then it will fly lol.

Tan Sri's yesterday bought another 400 lots @ 1.91, you think he will let it drops below 1.90 again. Happy Trading!

Icon8888, What is your advice, can it breaks 2.00 mark.

Good Morning Icon8888, nice to see you back after missing the last days

Now going to 4pm, if you want to buy, buy now, if not too late already!

There is a saying, if the quarter results is good, then the price will drop first before the announcement. Happy Trading!

almufathal, you are absolutely right. Let us all relax and enjoy the price uptrend.

Good Morning, Gadang Investors, Happy Trading!

Good Morning, Benalec Investors, Happy Trading!

Afternoon session will go above 2.00+, I hope......

Icon8888, how the egm!

Good Morning , Benalec Investors, Happy Trading!

Good Morning, Gadang investors, Happy Trading!

Tan Sri Kok One buy mother share 941 lots @ 1.917 on 21/4/14

Good Morning Benalec Investors, Happy Trading?

Good Morning Gadang investors. Happy Trading!

Gadang 2nd wave for today is coming soon. Look like Gadang-WD miss the 1st wave, and I hope it will follow in the 2nd wave. Happy Trading!

Firebird2, Thank You for bring all the Gadang investors to discuss in this forum and i believe all of us are happy people. Happy Trading. Let us all wait and hold on to the stock before EGM (23/4/14) and announcement of quater results by month end the latest. By then the price should be around 2.50+ by then, i believe. Happy Trading.

The disposal tharrants is a non issue , as long as Tan Sri's did no sell the mother's share. When the mothers share price move up then the warrant will move in tandem with the price. So I am confident the mother price will gradually move up to around 3.00+. That is my opinion. Anyway, I will only start to sell my stock, once it reach 2.50 onwards.

Gadang price should be at least 2.5 times of NAV value. That mean 1.37 X 2.5 = 3.32. That is my opinion base of diversified company's portfolio.

Anything less than 2.50, I will hold. Ok

Want to buy, better buy now. It going to fly up soon.

EGM on 23/4/14, not today.

Thank you, dg123. Hope more to come. Did you invest in EUPE?

dg123, I will only sell when it reach 3.00+, not less than that. Happy Trading.

Not downtrend, on consolidation, tomorrow will go up again.

dg123, Thanks, I add in another 10 lots @ 1.63.

dg123, just mention, it good or bad news only. Share it, ok

tonality, stay cool.

It going to be another gap up from yesterday close, very bullish.

The price will go up slow and steady until EGM.

Watch out gadang investors, Alot of people's are hoping for the price tof come down, so that they will buy because they miss the boat earlier. That is way, they keep posting watch out. Believe & Trust yourself when to sell. Happy Trading.

Now 1.30 already lo.

Icon8888, Thank you very much for the article. Happy Trading.

Now 1.23. Up, Up, Up away.

Icon8888 & james70, with both of you provide this useful information to loyal gadang investors, we thank you. Let us all profit together. Happy Trading,

Icon8888, waiting for your report and thanks you in advance for all the hard work.

Icon8888, Thank you very much.

Let the price appreciate by itself instead of sharks push it up and down. Wait for the TP than sell. Happy Trading!:-D

Can anyone translate it to English, Thank You.

With the brother's problem have been solved and on hand the land sales of RM 181M S&P sign to be finalized in the next 2Q, at the current price is worth to invest and wait for Tg. Piah project to materials soon.Happy Trading!

Should go up to 1.00 soon. Watch the show!

We must be happy eventhough the market down, that is part and parcel of investing not only happy when the market is up. With that, then we can have a right frame of mind to enter or exit the market.

Tomorrow, I has a feeling the support @ 0.88 will be taken out also. Technical indicator all show south, and candlestick show a gap downward. So be careful, tomorrow downtrend. happy Trading.