As usual,ECM today will face resistance at 0.86 and then no energy and now retreated. 0.84-0.845 has been broken and will become entry price.Buy at 0.84-0.845,and it will break 0.86 very soon!
As brother spinninglotus said, it will shoot sky high, so are you all ready for it? One final announcement is made officially, then you all will be chasing hot dogs to get a bit but then you have to pay for it a a higher price & panting breathlessly lah, hee, hee, hee.
So the only better alternative to save you from all these troubles is to buy & hold lah....then relax & see your money grows.
Today kakis buying at 85 & 85.5 cents & pity that it didn't go past 86 cents...so today perhaps?
Market is testing ECM 0.84 support after crossing 0.84.support at 0.84 seems very strong...If 0.84 support can hold strong,next few days we should see ECM crossing 0.86 resistance line very soon.
Told you all about ECM but less people want to take heed...so only a few with true spirit follow me....especially brother spinninglotus. There's more to come perhaps to TP $1.20++
No matter what,today 0.84 has formed a support line,resistance at 0.86,sellers are getting weaker,buying volume is stronger with 73% buying rate.Next few days should confirm bullishness.
After I talked about hammer sign if ECM closed at 0.85,somebody tried to make 0.85 as resistance line and threw few lots at 0.845.Obviously that fella wants to accumulate more ECM later.
ECM 0.85 resistance is cleared!Buyers are strong,sellers are weak. Next few days will be exciting for ECM while other major shares retreat because more money will flow to ECM--laggard share with good cash earning.
Tomorrow market will start to have crash.However for ECM,I think it will stand out as a defensive share,and will catch lots of investors' attention whose attention have been too focused on Naim Indah, Puncak,Harvest,CSL those speculative shares without fundamental...
That same person is making 0.85 a resistance line. That person must be a tradee and he does not plan to hold ECM,but trying to push down ECM so he could buy more at cheap price.
Obviously ECM's investment unit has good earning potential,so Kenanga wants to merge with ECM to enhance its profit. Some more ECM at 85cents now is too cheap compared to takeover price of rm1.10! Buy and hold is the best for ECM now.Those who sell ECM now will truly regret later haha
Cary on buying & hold till the official announcement & you will reap your rewards soon....definite to be taken over bu Kenanga...go for it..TP $1.10 to $1.20++
I definitely would pick ECM, good management as well as make good profits. If not why Kenanga eyes this company. When it's taken over by Kenanga, definitely you get a better pricing. It's the one who is going to taken over will enjoy the higher price.....correct me if I am wrong please.
YB Mr Chong. Looks like you do not have to sleep. You are watching ECM even at 2 am in the morning. You must have punt all your money in this counter. How long have you actually waited since started investing in this counter in the hope for rising price. Has the volume started to move ?
Brother Wolverine,the takeover plan has been ongoing since last year April.If you are not aware?When we called to buy,some people just foolishly sold to us...haha
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Posted by chong > 2012-03-05 01:57 | Report Abuse
Watch out as this sleeping lion will wake up soon with a big roar, hee, hee, hee