KLSE TechWiz
2 things to take note in Dolomite
klsetechwiz
Publish date: Thu, 19 May 2016, 11:36 AM
klsetechwiz
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Analyse the KLSE market with a mixed of technical indicators, support and resistance as reference.
Dolomite groups of companies are involved in several industry, such as quarry, properties and construction development.
Dolomite had interesting chart development always prior to the upcoming quarterly reports. With impending quarterly report coming out in May this month, where will Dolomite be heading?
Currently, according to chart, it had been detected that Dolomite is challenging the resistant line at around RM 0.37. A successful break out with volume will be a good signal to see Dolomite going further upwards.
After a 3 months consolidation, Dolomite can be looking to see a possible break out at RM 0.37, with 2 mentions below for you to take note.
Note 1 : Dolomite Properties Sdn Bhd which had see it's Dolomite Avenue Park project taking stop work order from Selayang Municipal Council could see a finalization soon in 1st June 2016 for a full hearing.
Dolomite had filed a RM 400 million suit on MPS for the said termination.
The court hearing will create public interest in the said share, which will cause public speculation and result in rise of share price.
Note 2 : Dolomite had a good range of land deposit at the northern region of Selangor, namely at Rawang, Batu Caves and Hulu Langat.
Remember, in stock market, Invest when low and sleeping, unleash when it became a dragon.
If you see Dolomite potential to rise like a small dragon, take action now.
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2016-05-19 11:39