One bullish candlestick appear today, price resistance at RM 1.69, tech indicator show convergence sign, I will interpret it as whether this share will go up or not depends on tonight Fed minutes, If everything is smooth, this share will go up tomorrow but will stuck below the resistance level unless big news coming in.
Even if Fed minutes din show any tapering, I see tomorrow as small bull for this counter, not big bull. But do take note on the court case from time to time, crucial for the movement of this counter. financial report also coming out very soon, I dnt expect anything great will come from the financial report.
This share quite resilient also after all the bad news. Manage to bounce back. Tomorrow is the day this share will move to green provided that to9 US share in green zone and our malaysia, India and indonesia currencies stable tomorrow. Take note of india financial policy announcement tomorrow.
Alright, Europe and China come out wit good news, Europe Index almost all green! hope US index maintained at green, then tomorrow will be a big rebound!!
News like getting RM120 million project frm Pahang government is a positive one but the worries about Syria and US monetory aid pull back may deter its price frm moving higher. Back timing... :(
will the mother share price be adjusted once the free warrant date go-ex on 5 Sept? by Angkor.Good question, can anyone with more info share or answer this question
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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....
shahfar8
225 posts
Posted by shahfar8 > 2013-08-21 12:46 | Report Abuse
swee88: any updates on this counter?