It is not Tony push up TA....it is the demand and supply issues. Demand outstrip supply, so price up. More to come...looks like something is brewing in TA.
Weekly Chart- Stage 2 of the cycle which is very bullish. 3 White Soldier Candle formed in which indicate bullish implications. Next Target is estimated at 1.10/1.17
Daily Chart- It breakout from a Flags on 16/7 which carries an immediate target of 1.10 and beyond. Last 3 trading days, it formed a 3 White Soldier Candle which indicate a very bullish trend. Any weakness due to profit taking or overbought situation should find immediate support at 1.02 and very strong support at $0.97.
TA always wait for 3 days before move up even higher killing off all contra player. So if plan to play contra....don't buy TA Long term slowly up up up
Who sold? I think is big boys ba~ They push down the price to collect the new call warrant at a cheaper price. U will see how TA shoot in coming weeks or before 31/8~ I bought more today, doubled up my holding.
To me, TA is not really worthy collection after 1. It may be to the owner or someone looking to be major shareholders, but not small fishes like us. I gradually sold off at .805 and 1.01, keeping roughly 30% to see if major event will unfold in near future. Tambah? Definitely not
Recently there is a lot of Bank and stock broking firm merger, Smaller bank and stock broking firms taken over by bigger bank. Just like HwangDBS recently taken by Affin Bank. HwangDBS share went up and give a 1 time very good dividend.
If I were not wrong, just last year, TA hits multi-year low of 0.495, within less than 2 years, it has risen to 1.03. TA boss is not famous for being generous towards shareholders, remember how he got jailed... I don't mind keeping some of my profits from TA to hope for higher return, but definitely not buying more when knowing that its once as low as 0.495.
SHQuah, I didn't say I am unhappy with TA, just pointing out the risk of chasing high and the differences between small fishes like me and big sharks like TA's Tiah. And, I don't have to sell just so you can buy, as of now, you can buy 264k at 1.03 and 563k at 1.04 already...
TA's share price went up due to improved earnings, from under 5 sen per share for financial year ending 31/1/2013 to over 8 sen per share for financial year ending 31/1/2014. Its earnings improved further during the first quarter of financial year ending 31/1/2015. Many other counters have performed even better. DKSH went up from RM 2 to over RM 9 (now RM 7.6) in less than 3 years, Inari went up from 70 sen to over RM 3 in 18 months, Seal went up from 50 sen to over RM 1.40 in less than 9 months.
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thenameis
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Posted by thenameis > 2014-07-22 14:20 | Report Abuse
This counter needs to steady itself at 1.00 to 1.05.
Let it accumulate and consolidate first before heading to 1.10.
Patience is needed if you are to invest in TA.
I have been holding for 2 years already.