CIMB call " Technical Buy " CATCHA on 3 Aug 2023 report.
The stock gapped up two days in a row since Monday with a higher trading volume. Yesterday’s white bullish candle sent prices higher to close at its 52- week high, suggesting that the recent consolidation from the RM0.47 high may be completed. The improving EMAs also supports the idea that a renewed buying interest may be underway. Higher prices beckon. Both the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) have strengthened further, keeping the bullish momentum intact. We think that aggressive traders may want to go long now or accumulate on a pullback, with a stop-loss set at RM0.42. Follow-through buying may lift prices to test the Fibonacci targets at RM0.50 (1.236) and RM0.54 (1.618).
CATCHA share price sure will up and down. But just buy for long term, since the management needs time to create value for investors. I will hold until it hit RM1.00.
Patrick Grove so confidence that CATCHA will become RM1bil market cap company. Now CATCHA market cap only RM130Million. That mean there are 8x upside for it become RM1Billion company.
I noticed many ppls just look at the share price, dun bother the company prospect. This always cause them miss out the hidden gem. Please look at Patrick Grove track record in Iflix, Icar, and Iproperty, which create substantial return to shareholders.
We are pleased to invite you to our Evening Drinks to celebrate with us as Catcha Digital Berhad exits GN2 status as of 31 Jul 2023. Achieving this momentous milestone means we can now devote our attention to building, growing and scaling the company to build the leading digital group in Southeast Asia. Here is the link to the official announcement on Bursa regarding our exit from GN2.
The Evening Drinks will be a great opportunity for us to meet and catch up in person, especially with our colleagues and directors who have made this milestone possible! The details are as follows: Date: Thursday, 10 August 2023 Time: 5:00pm – 7:00pm (GMT+8) Venue: 34th floor, Sky Deck @ AVANTÉ Hotel, 1, Persiaran Bandar Utama, Bandar Utama, 47800 Petaling Jaya, Selangor
In Malaysia, so hard to find a listed company with a good investor relationship like CATCHA. Director and management teams willing to meet up with investors in person.
Expectedla 52 sen many will sell. I already sold early. Got little profit. Wait for it to go back to 40sen to take it back. If only it go that price later
CATCHA, the precious gem and the future shinning star, is surely worthwhile for my mid to long term investment, judging from its bright prospects and huge growth potentials.
"Patience will pay."
(My personal opinion. Not a buy or sell call. Trade at your own risks."
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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....
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Posted by Rajankumar > 2023-08-03 08:51 | Report Abuse
CIMB call " Technical Buy " CATCHA on 3 Aug 2023 report.
The stock gapped up two days in a row since Monday with a higher trading
volume. Yesterday’s white bullish candle sent prices higher to close at its 52-
week high, suggesting that the recent consolidation from the RM0.47 high may
be completed. The improving EMAs also supports the idea that a renewed
buying interest may be underway. Higher prices beckon.
Both the Moving Average Convergence Divergence (MACD) and Relative
Strength Index (RSI) have strengthened further, keeping the bullish momentum
intact.
We think that aggressive traders may want to go long now or accumulate on a
pullback, with a stop-loss set at RM0.42. Follow-through buying may lift prices
to test the Fibonacci targets at RM0.50 (1.236) and RM0.54 (1.618).