Ppl didnt read before posting. Not sure whether purposely done to accumulate or what. Vol transacted also small on daily basis but managed to push down price. It is Reverse Take Over (RTO). The company itself doesnt have capacity to venture oil and gas. The company who is doing RTO (will be buying the existing company) has already oil and gas business. Who cannot tahan can sell. Those who got holding power can wait till RTO completed estimated next year.
RTO, ???? when??. Announcement of RTO just to goreng and pushed up the price. now just waiting for technical rebound. IJACOB Is an empty shell company. wait or buy at your own risk.
IJCOB and IFCA , same syndicate goreng , IFCA will shoot up soon whereas IJACOB, tunggu durian jatuh.[maybe other syndicate will tahe over and continuing goreng]
A good reversal frm double bottom with healthy volume towards a resistance of 0.505 and scaling above the upper band to possible testing 0.56 the next resistance.
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BURSAMASTER
800 posts
Posted by BURSAMASTER > 2014-09-29 18:18 | Report Abuse
RUN UP TO BREAK ITS RECENT HIGHS OF 0.745 VERY SOON