INSAS gained 7.0 sen yesterday on the back of investors’ positivity on its 31.9%-owned associate, INARI for its expansion plans after they proposed rights issue with warrants. The share price broke out from its “Bullish Pennant” chart pattern at RM1.24 with a spike in volume, signalling bullishness on the stock. MACD has also positively diverged from its Signal Line, suggesting a bullish outlook ahead. Besides, this is reinforced by strong buying momentum in the stock seen with an uptick in both RSI and Stochastic indicators. Traders are advised to take profit 3-bids below our ‘flagpole’ measurement objective of RM1.57 at RM1.54.
1.20 is possible again if european banking crisis continues but even then insas will be more resilient that 95 percent of other shares. however, imho they will take extreme measures to prevent such a crisis from happening at this time so any market drop shud it occur would be temporary.
We may notice Nov 2013 sudden surge then moving sideway till end of Mar 2014 follow by another surge up. Before the sudden surge up to 1.20 on 24 Mar 2014. The entire consolidation period take up approximately half year time frame.So, it history do repeat itself. Then, we are looking this counter possible going to move up in less than 2 months time. Patient is the key to earn money. With the revaluation of Inari and higher target price, Insas is matter of the time to move. But we do notice Insas purcahse SYF and stock fly high. Same go to Inari. So, impatient investor may keep track on the stock they are buying in which generate higher return.. Information can be obtain by clicking this linkage. http://www.theedgemalaysia.com/business-news/298079-maybank-ib-initiates-coverage-on-inari-earnings-seen-at-61-cagr.html
As a smart trader, any price from or @ 1.15 to 2.00++ there will be always lots of $$$ flying into my pocket... Any price are welcome as long as DON'T stay STILL as all traders will sure die lor...
Chance to stage an upward breakout is high if it can stay above 128 tomorrow. 0128 came out 1st prize in recent Magnum draw. Good luck to all the Insasian n god bless u all.
whoah ! If u look carefully at price pattern of insas share u could see a flying saucer pattern is developing on the right side. Insas will DEFINITELY FLY today ! TIGA PULUH RINGGIT TIGA PULOH SEN COMIN !!
Insas on the ways to make another breakout. Bullish pennant is a sharp, strong volume rally on a positive fundamental development, several days of narrowing price consolidation on much weaker volume followed by a second, sharp rally to new highs on strong volume.
INSAS Chow Cabai .... time to SHOOT UPPPPPPPPPPPPP !!!! ALL INSAS holders ... quickly wear seat belt, helmet, condom for protection !!! TODAY is THE DAY !!!! FINALLY ARRIVED !!!!
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Ken Lim
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Posted by Ken Lim > 2014-07-11 18:08 | Report Abuse
INSAS gained 7.0 sen yesterday on the back of investors’ positivity on its 31.9%-owned associate, INARI for its expansion plans after they proposed rights issue with warrants. The share price broke out from its “Bullish Pennant” chart pattern at RM1.24 with a spike in volume, signalling bullishness on the stock. MACD has also positively diverged from its Signal Line, suggesting a bullish outlook ahead. Besides, this is reinforced by strong buying momentum in the stock seen with an uptick in both RSI and Stochastic indicators. Traders are advised to take profit 3-bids below our ‘flagpole’ measurement objective of RM1.57 at RM1.54.
Source: Kenanga