ES Ceramics Technology may climb further after inching above the MYR0.495 level, albeit marginally. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.55, followed by MYR0.595. The stock may consolidate further if it cannot sustain above the MYR0.495 mark. In this case, further support is anticipated at MYR0.45, where traders can exit upon a breach to avoid the risk of a further correction.
I think this counter will up slowly since every 0.5 cents have at least 10k lots parking there.. good enough if can up 1 cent per day... up til quarter result out then only boom..
ESCERAM experienced a flag formation breakout above the RM0.48 level with higher-than-average volumes. The MACD Indicator has trended positively above zero. The RSI is hovering above 50. Price may rally towards the RM0.55 and RM0.60 levels. Support will be set around the RM0.46 level.
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sharktank
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Posted by sharktank > 2016-01-07 16:52 | Report Abuse
Even at RM1, the total market cap is only less than RM200M....sub sub water lah for Top gloves.
RM1 for a well managed mould maker that will help Top gloves to cut cost while transform Esceram into the Biggest Mould maker in Asia Region. : )