Because of the US tech bubble hit, most of the counter irrelevant also get influenced,but the Zelan support has been temporarily see at 0.24, may buy in further if the price can sustain above this level, then possibly zelan will retest again the 0.275 resistance level after this tech bubble wave :)
my personnel view..i keep accumulate zelan & zelan wa..this co was putting hard effort to come back soon..look at the track record & last 3 Q result..not easy to get same co. with this clear direction..after clear out all -ve issues..disposed IJM & rights issues...zelan with bright prospect to tap many local contracts from now on...middle east project will be bonus if things go fine..with this pricing u go in..the chances to have return was very2 high....
If not the Indonesia Power plant project at Java Tengah and Middle East Project...this price is undervalue....however ....now still consider expensive...pergi sekolah
i might be wrong but normally middle east venture based on other m'sian company experiences always if not all be associated with some kind of difficulties in the implementation and eventually payments...my wish good luck to zelan
anyway i keep zelan in my radar to learn lesson from their middle east venture n from u guys.. i think it is good company to be aware of and good potential for future investment
ZELAN has been trading above its upward sloping 20-Day Moving Average which is a good sign. The support and resistance level of ZELAN are 0.24 and 0.255 respectively. The indicator analysis on RSI is not exhibiting any extreme condition. Watch out for the 30% and 70% levels which indicate any oversold and overbought condition respectively.
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....
oon168
204 posts
Posted by oon168 > 2014-04-28 19:17 | Report Abuse
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