Want to ask, for the forth quarter, is it the tax will be that huge amount for the coming years also? or it is only for the particular quarter? Thanks for answer.
M-Mode (MMB MK) Technical BUY with +23.0% potential return Last price : RM0.610 Target Price : RM0.700, RM0.750 Support : RM0.560 Stop-loss: RM0.555 BUY with a target price of RM0.750 with stop loss placed below RM0.555. Following a major correction from the high of RM0.750, MMB’s share price has staged a bullish reversal pattern of the “inverted head and shoulder” in the last 4 months, indicating a possible change in the medium-term trend direction from bearish to bullish. Although the share price has yet to surge past the neckline, it breached above the “cloud” last Friday followed by another positive closing on Monday. Given the bullish crossover in Stochastic while MACD is on the verge of flashing a buying signal, we expect the emergence of fresh buying signals may prolong the current uptrend. As MMB has formed a series of higher lows since 27 Mac 14, a breakout above the neckline should in our view change MMB’s medium-term direction. We peg our target at RM0.750 based on the conservative X to X projection of the “inverted head and shoulder pattern”.
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....
TradeInvestStocks
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Posted by TradeInvestStocks > 2014-04-30 19:27 | Report Abuse
Finished eating all the 0.585, just not too bad for today...