BIOHLDG +1.0sen@RM0.345, price has formed a symmetrical triangle breakout above the RM0.34 level with high volumes. The MACD Line has given a BUY signal, while RSI has rebounded off the 50 level.
Ascending triangle pattern? ● BioA’s daily chart shows a potential bullish ascending triangle formation with resistance at RM0.36. A breakout above RM0.36, supported by strong trading volume, will be positive for the stock.
supermix2 Ascending triangle pattern? ● BioA’s daily chart shows a potential bullish ascending triangle formation with resistance at RM0.36. A breakout above RM0.36, supported by strong trading volume, will be positive for the stock. 10/03/2016 09:32
For the convenience of all, here below is the English translation for those who can't read Chinese.
E-commerce is eligible to enter the promising Bioalpha Holdings sought March 10, 2016
(KUALA LUMPUR Bernama) Bioalpha Holdings (BIOHLDG, 0179, GEM consumption) will be involved in e-commerce this month, while the joint venture with MyAngkasa brokerages bullish outlook, driven by the stock trading is very active.
Bioalpha Holdings in early trading between active, once in place among the top 10 stocks chart. When closed, the stock Jan 1 sen to 36 sen, half-day turnover of 13,522,300 shares.
As of 4:30, the Unit reported 36 cents from 1 cent, volume 17,094,700 shares.
Bioalpha Holdings and MyAngkasa joint venture, will open retail-related health care products and pharmaceuticals locations nationwide, and operating under franchise basis by Constant drug store group management. The advantage of this joint venture is MyAngkasa 800 million members, they can purchase the company's products to cooperatives, so affiliates are expected to boost domestic sales Bioalpha holding.
Meanwhile, Bioalpha Holdings will this month launch e-commerce business by Constant cosmeceutical Group website.
CIMB Securities Research said: "Currently, the only way to purchase the product by holding Bioalpha Constant cosmeceutical mainly in the Klang Valley shop after the introduction of e-commerce business, outside the Klang Valley, and even overseas can buy the company's products. . "
In addition, the company exports more than 90% of sales are denominated in ringgit. Therefore, foreign exchange fluctuations will not affect its profitability. The study believe that when business territory expanded, Bioalpha holding in the near future with the International Monetary pricing its products, such as the dollar.
Based on the company's better than expected sales performance in China and Indonesia, and with MyAngkasa joint venture developments, CIMB Research maintained its "overweight" rating, target price of 65 cents.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
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....
Bursa Wolf
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Posted by Bursa Wolf > 2016-02-23 15:38 | Report Abuse
bought 32c