ECM Libra Financial Group-----------------DATED 25//6 (ECML MK) Technical BUY with +19.0% potential return Last price : RM1.05 Target Price : RM1.14, RM1.25 Support : RM0.980 Stop-loss: RM0.970 BUY with a target price of RM1.25 with stop loss at below RM0.970. ECML’s share price has been treading below the downtrend line in the past 7 months after peaking at the high of RM1.14 on 6 Nov 13. Yesterday's breakout above the downtrend line on the "back" of a slightly higher volume suggests the end of the recent consolidation and kick-start of a new upleg. After the share price rose above the "cloud" yesterday, we expect a rise in momentum as shown by positive readings in both RSI and MACD to boost ECML's share price. Additionally, a bullish crossover and positive histogram in MACD indicate emergence of buying interest and as such should catapult the share price higher. We peg our medium-term target at the 1.61x Fibonacci extension target of RM1.25.
Big investor buying becoz there is still a lot of cash tied up in company. Earlier was supposed to pay higher dividend. So there is still a lot inside company. Only major shareholder knows this and that is why he is buying
hmm.. amazing.. what should be the actual fair value of this stock? thinking of entering.. need to do more study on this stock.. company making good money?
Really pay but not 99%. It is RM0.99. And payment is not totally cash. Only 62cents in cash and others is E&O shares and warrants. If E&O shares qty is bellow 100 then it will convert to cash.
Ex-date is 20 Nov. Non share holder need buy bf 19 Nov 5PM due to T+3 system. If you buy on 20 Nov, the shares is transfer to you on 25 Nov. It is one day after entitle day.
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....
nightfly
345 posts
Posted by nightfly > 2014-06-03 13:37 | Report Abuse
Watch out now ....