Disclaimer : The above opinion is never intended to be a BUY CALL whatsoever. I am sharing my observations ONLY based on fundamental; past history; current trading pattern; charts etc. Please make your own informed decision before buying this share or whatever share for that matter.
Unsung Counters
CAELY (7154) - Potential Takeover?
wealthstudio
Publish date: Fri, 24 Jul 2020, 07:32 AM
wealthstudio
0 25
Looking at great counters that have great fundamental but.....
Wealthstudio analysis is based on detailed research and analysis based on facts and figures available in the market (thank you Google), plus technical analysis from Tradingview's charting. Please make your own informed decision before buying this share or whatever share for that matter.
Wealthstudio analysis is based on detailed research and analysis based on facts and figures available in the market (thank you Google), plus technical analysis from Tradingview's charting. Please make your own informed decision before buying this share or whatever share for that matter.
It all started with Friday 17th July 2020 closing of RM 0.365.
The highest 4-day price was recorded yesterday at RM 0.465. Yes, it was 10 sen up i.e. 27% UP.
Technically speaking, the indicators are still positive to go upward.
The RSI has not reached the overbought yet. Moving Average prices are all above MA20, MA50, and MA100.
Is it possible that CAELY is now back as a potential takeover target? It has been on the takeover radar a few times before Mr COVID 19 entered the stage show. However, nothing came close that time.
I still believe that CAELY should test RM 0.50 which is its NTA. The potential suitors might consider the takeover value more seriously should it really hit RM 0.50 mark.
THE TARGET IS FOR TP2 AT RM 0.50
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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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Great company with strong f/a
2020-07-25 22:11