Posted by DividendGuy67 > 2024-09-22 23:21 | Report Abuse

I don't normally show the 10 week EMA curve but show this here as it is a proxy to the 50-day EMA, a popular technical indicator used by many chart traders. There are many different uses, one of my favorite is to see if the slope is "curving upwards" or not. If it is sloping upwards then, decent chance that the bearish mood is shifting. However, one really doesn't need this indicator at all - just a glance at the price action shows the bearish mood is shifting.

Don't get me wrong - CAPITALA fundamentals are ugly. The huge current liabilities exceeding current assets is worrying. But the problem with announced and published information is that they tend to be lagging - you won't know if there is a fundamental development happening that is not announced yet. Whereas price action leaves a trail of the outcome between buyers and sellers. Still, price action is not full proof and is fickled, especially in a small market like Bursa where even smaller whales can influence, hence the outcome of trading will always remain uncertain.

Posted by speakup > 2024-09-23 07:42 | Report Abuse

long time ago i already say Tony F can only save 1 of his companies: AAX or CAPITALA. he has chosen to save AAX so high chance CAPITALA will die

Posted by Sslee > 2024-09-23 08:58 | Report Abuse

The disposal of AAAGL and AAB to AAX is to save capA.

AAX will be loaded with net liabilities and need to do another debts restructure, capital reduction and 10 to 1 share consolidation.

Posted by Sslee > 2024-09-23 08:59 | Report Abuse

Stony is throwing AAX under the bus.

Posted by The_JQuestion > 2024-09-23 15:05 | Report Abuse

stony always survive ...... legend turn over two companies that was impossible ,, tan sri greatest ni

Posted by DividendGuy67 > 2024-09-23 17:02 | Report Abuse

I followed my charts. Sold 32% of my CAPITALA holdings between 92-92.5 sen for +40% gross returns in less than a year. Keeping 68% for higher prices. Chart says go decent chance, slightly better than 50/50 chance for higher prices, hence, keeping 68%. Let's see. Thank-you Mr Market!

Posted by Sslee > 2024-09-23 17:27 | Report Abuse

Where will all capA total negative equity go to if not AAX?

Chief executive officer Tan Sri Tony Fernandes said the pro forma effects of the proposed disposal based on the financial statement as of Dec 31, 2023, as included in the circular to shareholders dated Sept 20, 2024, shows that Capital A shareholders’ equity will turn to positive of RM649 million from a negative of RM8.8 billion.

Posted by DividendGuy67 > 2024-09-23 22:01 | Report Abuse

Thanks. Let's hope CAPITALA will soar higher in the future ...

Posted by DividendGuy67 > 2 months ago | Report Abuse

https://theedgemalaysia.com/node/727957