last rally in ta's share price is due to privatisation news. This tine, the rally is genuine as it is due 2 consecutive quarters of good result(30m plus net profit each quarter). In the latest quarter result, even after including forex losses of 17m, the net profit is still 30m plus
For those of you who had bought TA when it dipped below 60 sen just a few weeks ago, your net profit already exceeds 15%.What kind of business can give you such return?
DOW UP 109 points..as Stocks Gain After GDP, Claims Data..Weekly initial jobless claims fell more than expected to a near six-year low and a final reading for second-quarter GDP held steady....
During the last rally, TA went as high as 73.5 sen. I believe this rally will bring TA's share price well above the previous peak on improved fundamentals.
Dow reversal from 5 days of consecutive losses n TA's positive financial performance will propel it thru the prev 0.735 highs..lets hope DOw closes abv 100 pips tonite...
sephiroth—TA –-You are right TA is very Bullish. Broke out from the “Downtrend Channel” 2 days ago with rising window and 5x Av volumes signal “Buy”. Immediate TP is estimated at $0.78 by calculation. Today try to clear the immediate resistance at $0.69, if break will try next strong resistance at $0.735. Immediate support is at $0.655 and strong support at ‘Gap” Support of $0.635/$0.625. Any consolidation towards supports maybe be good time to collect for future play.
Thanks sephiroth for hightlighting TA, now it is on my radar too.
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....
ccc5197
458 posts
Posted by ccc5197 > 2013-09-26 09:57 | Report Abuse
no choice earn less lou