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2018-01-30 15:48 | Report Abuse
Target Price: RM0.475, RM0.500
Last closing price: RM0.450
Potential return: 5.5%, 11.1%
Support: RM0.420
Stop Loss: RM0.410
Possible for further upside. FITTERS’ bullish RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.450 be genuinely broken, it may continue to lift price higher to the subsequent resistance levels of RM0.475 and RM0.500.
However, failure to hold on to support level of RM0.420 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 30 Jan 2018
2018-01-29 13:43 | Report Abuse
Downside risks limited and pending a bullish ascending triangle breakout. Following a bullish breakout above 200d SMA (now at RM0.40) in early Jan, the bulls are likely to back in charge, in anticipation of a potential ascending triangle pattern breakout. Downside risks are cushioned by active share buyback exercises (treasury shares of 29.63m as at 19 Jan or equivalent to 6.2% of issued shares), expectations of better FY18 results (after recording the best quarterly results since 3Q15) and undemanding 0.55x P/B (lower than its 10-year historical mean 0.83x).
A decisive break above RM0.44 (overhead neckline resistance) would spur prices higher towards RM0.465 (5 Jan high) and our ascending triangle breakout objective at RM0.525 next. On the flip side, key supports are RM0.41 (50d SMA) and RM0.40. Failure to hold near RM0.40 may weaken share prices lower towards RM0.355 (28 Aug low) zones. Cut loss at RM0.39.
Source: Hong Leong Investment Bank Research - 29 Jan 2018
2018-01-10 19:11 | Report Abuse
Sold some shares earlier at RM0-45 and now am buying back Fitters shares. Thanks for sharing. monitoring the behavior of the shares, I noticed something brewing.
2018-01-04 16:58 | Report Abuse
Mr Fu must be gorenging for the GE14. Don't sell yet. As for me, I need some money for CNY. Oldman no income only waiting for Bursa to give some. Still keeping lots of it
2018-01-04 16:56 | Report Abuse
Great just sold 400lots at 0.45. Angpow for CNY. Keeping the rest until Kuroda target reached.
2018-01-04 14:43 | Report Abuse
The Dog is barking now. Time to accumulate more ??? Look Promising, CI touching 1800s.
2017-12-07 21:22 | Report Abuse
Skeptics will only join when you reached 0.75knot. They will embark when you disembark. Indeed this counter have been sleeping for a while. My average cost is 0.425 but then I am in for a long run. Definitely not for day traders or the faint hearted. I am with you Kuroda.
2017-04-10 09:33 | Report Abuse
TA Research is killing this share. Cautions.
2016-12-09 16:19 | Report Abuse
If you are not holding any shares, can consider enter now. Low downside and better upside
2016-12-05 13:06 | Report Abuse
Not the time to sell yet. Slowly moving North. ntab $0-66. Breaking $0-56 will see it change course to uptrend. Technical or foundamental analyst will advise you to hold and wait for clearer signal
2016-10-16 22:54 | Report Abuse
yes let them push it down and buy at lower price
2016-10-16 22:52 | Report Abuse
Substantial shareholders selling
join in the fun. short it
2016-07-14 15:57 | Report Abuse
bought some o the high side. some paper loss
2016-05-25 15:47 | Report Abuse
Earlier NOVAMSC have no major shareholder and so nobody leads. Now with the entry of new substantial shareholder who may have to take up the private placement at RM0.11 soon will have to push the spot market price higher than RM0.11 to attract bidders.
Alternatively the major shareholders may want to take this company private by ushing price to a new low.
More upside than downside. Wait for cheaper price to enter.
2016-05-21 16:25 | Report Abuse
expect a drop before heading north again
2016-03-28 22:26 | Report Abuse
5April 2016 EGM.
1. Proposed acquisition of 19,375 or 31% of CNAB via issuance of new O share at RM0.11 to raise RM5million.
2. Proposed private placement of upto 20% of enlarged paid-up capital.
3. buy additional 20% of CNAD
RM0.095 is a good buy now. Expected price to fly after EGM
2016-03-27 22:20 | Report Abuse
Time to buy. .. .. ..
2016-03-17 09:43 | Report Abuse
At the end of the rainbow, you will find your pot of Gold. Good news by end of April 2016. This counter not for day trader. Mid term bullish.
2016-03-14 11:05 | Report Abuse
MACD and stochastic signal both on uptrend.
2016-03-14 08:04 | Report Abuse
Short term strategy - buy at 0.09cts and below since syndicate trying to short the market.
Soon private placement at 0.10 cts and above.
New profitable business acquisition.
Emergence of new substantial major shareholder
Achieveable target RM0.30
2016-03-11 10:15 | Report Abuse
Something brewing, so I was told. Expect major development in near future. Price going to stratosphere.
2016-03-09 23:01 | Report Abuse
Brent crude oil is above US$40. Company is cleaning up. Current price is attractive. Hold
2016-03-09 22:59 | Report Abuse
Someone is throwing away the shares. NTAB is RM0.09 and profit is increasing after cleaning out all the costs and debts. Accumulate and hold before shares start to climb again. The future will be promising.
2016-02-25 09:16 | Report Abuse
waking up. buy. Resistance at RM0.85 will be crossed today
2016-02-25 09:08 | Report Abuse
time to accumulate. someone must have been pushing it down to accumulate. Good results and NTAB is RM0.09. Profit rocketed.
Don't miss the boat
2015-05-15 10:21 | Report Abuse
Ready for the Ascent. Gentlemen buckle your seat belt. Taking off soon
2015-04-27 14:16 | Report Abuse
accumulate now before she climbs.
2015-04-27 14:16 | Report Abuse
Oil prices bottoming out. Time to accumulate this shares.
2015-04-08 16:19 | Report Abuse
Sold land in NS and soon conclude sales of Aseana. Cash rich. Plenty of opportunity. Better Q4 results and heading North.
2015-04-02 09:38 | Report Abuse
Reached bottom. Now heading North
2015-03-25 01:44 | Report Abuse
Surprised at the furiousity of the ascent. Wednesday should see some sanity of the shares.
2015-03-24 15:46 | Report Abuse
When Aseana sold, Ireka will be cash rich.
2015-03-24 12:01 | Report Abuse
yes Hweechuan, you are right. Warrants lower entry price and more speculative/risk therefore higher profit /loss
2015-03-24 10:26 | Report Abuse
yesterday bought more shares at 0.65
2015-03-24 10:24 | Report Abuse
yesterday bought some warrants.
2015-03-23 10:28 | Report Abuse
sorry no news/tip
price on the low side
2015-03-23 10:27 | Report Abuse
yes better run than be sorry. Rose a bit too fast
2015-03-23 01:44 | Report Abuse
No hurry. monitoring. will enter anytime soon.
2015-03-22 17:27 | Report Abuse
Zero shares holding now waiting to buy at RM1.20+
Stock: [FITTERS-WB]: FITTERS-WB
2018-01-30 15:50 | Report Abuse
Target Price: RM0.475, RM0.500
Last closing price: RM0.450
Potential return: 5.5%, 11.1%
Support: RM0.420
Stop Loss: RM0.410
Possible for further upside. FITTERS’ bullish RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.450 be genuinely broken, it may continue to lift price higher to the subsequent resistance levels of RM0.475 and RM0.500.
However, failure to hold on to support level of RM0.420 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 30 Jan 2018