I believe most of the contra buyers have been flushed out.The total volume was lower today but healthy at almost 33.8 million shares traded plus selling was muted. I noticed a lot of buying in at the high of 6 sen in the afternoon session.
The muted selling means there will be much less resistance for price to move up on Tuesday. TA wise, it closed on the high which highlights that the uptrend is intact and potential upside in price on Tuesday coupled with the media release / announcement / coverage over this weekend of the passing of all resolutions including the free warrants at today's AGM/EGM.
With the buzz around EDUSPEC now together with this weekend's media coverage of the new approved business diversification plus bonus free warrants.....possible big upside in price on Tuesday.
What To Look For: A moving-average crossover occurs when two moving averages each based on different degrees of smoothing cross. Such a crossover can be used to signal a change in trend. For our analysis, we look at 10 day SMA and 50 day SMA. The trend is bullish when the 10 day SMA is above the 50 day SMA,
This 88 go everywhere to bad mouth eduspec... And promote his rubbish stock like mlab.... Come on la, this stock drop so much over the past few years, its not like it is at its peak now... Drop more also I don't worry
What To Look For: A moving-average crossover occurs when two moving averages each based on different degrees of smoothing cross. Such a crossover can be used to signal a change in trend. For our analysis, we look at 10 day SMA and 50 day SMA. The trend is bullish when the 10 day SMA is above the 50 day SMA,
Hi TK, I’m impressed with your TA....care to join our closed WhatsApp group? Just send a WhatsApp text to our admin Calvin Chee at +60196550427 and ask to be added. Tx
You might also wish to explore the 50/200 EMA which is more popular nowadays with TAs as it’s even more accurate since they place a greater weight and significance on the most recent data points. You can also include the 20EMA too, if you like.
i3investor website > KLSE: EDUSPEC EDUSPEC HOLDINGS BHD Last Price Avg Target Price Upside/Downside Price Call 0.06 0.37 +0.31 (516.67%) * Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months. ** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable). ==================================================================================
Was looking at similiar cases when companies issued bonus warrant one is Mlab the share price went up from 0.11 to 0.45 in less than 2 weeks this was ard July 2017. Can go check it out.
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....
Exnstp
171 posts
Posted by Exnstp > 2019-08-09 17:04 | Report Abuse
Thanks Kzai and everyone else. Let's stay together in this one