Seem Sindora & Kulim Bhd really dont want TS Rashid Manaf to takeover the company. They really hold the castle. The Reg Plan not good enough for EATECH. New dawn for EATECH now, let see now.
Close at 0.16, what we perceived as bad news, is not a bad news at all? Investor seems okey with the termination of the agreement between EATECH and TS Rashid.
Deal with TS, drop 50%, now the deal is off, should jump back 50% over next few months, hopefully. Still very cheap PE only 3x, Jcorp finally do something right
I throw 50%. Next week will drop more. Unless the company will announce its direction and confirm the project. This Monday, if no improvement, I will throw it all. As I wouldn't mind losing some money, instead invest in a wrong and slow company.
Obviously, it has break the 0.17 resistance. Then, the price is below MA20,MA50 more than a month now and looks like it will go down further. But my concern is the support at 0.17 has become resistance now.
If it drops more than 0.120? Many will suffer. I cut loss as of now. Starting to not trust this counter. Lost quite a lot of money. So time to move to invest in a different counter, not anymore in Eatech. It's a loss-making and a bit regretful. Move on and don't hope anymore.
Yes, many will suffer if it goes below 0.12 but the stock is oversold now. Either it will bounce or dive deep more. Only time will tell. I will CL when the price goes to 0.12.
Madjin, is it possible for pennystock like this to measure using ema? Last 13 June it got goreng to 0.205 pershare. I think that the end of it. Insider already knew this counter has no hope.
August end, but if the price drop so much, rugi a lot.. Will buy back if have extra money.. Or else close Eatech for now.. If the price is suddenly up, congratulations to those who are holding it.
Before 24 Aug, they will make many lot more money... The price dropped a lot. They will take more. Myself, I give up for now, perhaps when the price hit 0.240 only I will consider buying back
EGM on 17/08/2023, and the proposed plan to sell all unused boat is doing well. This morning lot of volume enter at 0.15-0.155. Eatech finally show some progress after terminate the deal with TS Rashid. I believe they will tell something on 17 August before Q2 report on 29 August. Let see
Whatever is left, don't top-up. Until the price is stable. As of now, just because of the news. In noontime perhaps many will suffer from loss again. Be extra careful. This company is an old company, but if the share price has this kind of pattern, people still have doubts. Better invest in Global Market, the market move and the price move actively.. Make profit better than here..
No matter either goreng or not, for sure, this company is trying to improve their business just like AirAsia Berhad. Investor look on that, as it a long term investment.
This one will be like aax. Can uplift pn17 by turnaround in operations and profit. Once they announce new reg plan without share consol, confirm will rocket to 60-80sen with PE assign at 8-10.
Penny share wise stock tend to be manipulate by syndicate. Nothing you can do about. But if the company is good in fundamentally, it will eradicate the syndicate by attracting institutional investor.
I like Madjin's professionalism and wise advice.. I will only buy back if the price is above 0.240 - 0.260.. Then shall keep it till it is 0.325 or higher the better
Because the strong resistance is at 0.235 and the next strong resistance is at 0.335. If the counter is good, many investors will invest and this counter will be active, and many more will invest. But with this price and still cannot give investors the strong feeling. It's all about human behavior and instinct because investor won't risk their money especially in trusted or not trusted company...
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....
Robert Waters
741 posts
Posted by Robert Waters > 2023-07-16 22:11 | Report Abuse
The news would be the PN17 uplift ?
Looks like I am too late to the party. The ship has sailed.