Blog: EFORCE Rounding Bottom Breakout Hitting Historical High

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2 comment(s). Last comment by Ming Jong Tey 2017-05-02 18:53

100percentprofits

17 posts

Posted by 100percentprofits > 2017-05-02 18:49 | Report Abuse

444 million market cap for an RM22mil revenue company.
Rarely do I see a company with 20:1 market cap to revenue ratio.

The syndicate is strong in this one

Not saying that it won't go higher, just sayin that if you play this game, remember that you are at their mercy.

Ming Jong Tey

114 posts

Posted by Ming Jong Tey > 2017-05-02 18:53 | Report Abuse

Some speculate this stock might be the next MYEG (which is up about 100 times since inception taking into account share split & bonus).

Why?

The cofounder and MD of MYEG, Wong Thean Soon has become the largest shareholder.

Brahmal, the guy who runs Creador, also emerges as one of the major shareholder.

Also recently, this stock announced the proposal of share split 1 into 2.

These are great catalysts but the most important thing is the chart is revealing its bullishness and broke the neckline of the rounding bottom.

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